Lake Alfred, FL—33850
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Alfred, FL
As of Oct '25, the median home price in Lake Alfred, FL is $307,000, with a year-over-year change of -3.2%. This indicates that home prices in Lake Alfred, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | -3.2% |
| Single Family | $307,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | -11.6% |
3 Bed | $282,000 | -3.4% |
4 Bed | $341,000 | -2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Alfred, FL
As of July '25, Rentcast reports the average rent in Lake Alfred, FL is $1,900, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Lake Alfred, FL is 1-bedrooms: $1,100, 2-bedrooms: $1,290, 3-bedrooms: $1,840, 4-bedrooms: $2,210. The most common rental property sizes in Lake Alfred, FL are 2-bedroom and 1-bedroom, accounting for 63.2% and 13.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,100 |
| 2 Bed Rent | $1,420 | $1,290 |
| 3 Bed Rent | $1,920 | $1,840 |
| 4 Bed Rent | $2,140 | $2,210 |
% of Rental Stock
Property Listings — Lake Alfred, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Alfred, FL is 93. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | 4.0% |
Listing Count | 127 | -14.0% |
| Listings as % of Homes | 1.0% | -14.0% |
Days on Market | 93 | -8.0% |
Demographics — Lake Alfred, FL
As of the latest ACS Survey released in 2023, Lake Alfred, FL has a population of 9,820, which has increased by 25.9% over the past 5 years. Lake Alfred, FL is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,820 | 25.9% |
% Under 18 | 18.5% | -20.3% |
% Seniors | 24.2% | -2.0% |
% WFH | 13.1% | 244.7% |
% w/ College Degree | 24.1% | 41.8% |
As of the latest ACS Survey released in 2023, Lake Alfred, FL is a predominantly white area, with 53.9% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Lake Alfred, FL is hispanic, making up 24.2% of the population. Foreign-born residents account for 14.5% of the population in Lake Alfred, FL, and this percentage has increased by 23.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.9% | -9.1% |
% Black | 10.8% | -49.8% |
% Hispanic | 24.2% | 76.6% |
% Asian | 9.1% | 658.3% |
% Foreign Born | 14.5% | 23.9% |
Mortgage and Risk — Lake Alfred, FL
According to HUD data as of 2023, there were 164 mortgage originations in Lake Alfred, FL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Lake Alfred, FL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lake Alfred, FL
As of 2024, the percent of homes in Lake Alfred, FL under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lake Alfred, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,120 | $920 |
| 2 Bedroom | -$290 | $1,420 | $1,130 |
| 3 Bedroom | -$400 | $1,920 | $1,520 |
| 4 Bedroom | -$230 | $2,140 | $1,910 |
Affordability — Lake Alfred, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $307,000 |
| Median Household Income | $53,900 |