In Lake Alfred, a typical home is worth $239,900 and typical rent is $1,349 a month. Compared with all of Polk County, the typical home value is 10% lower.
Typical home value from Zillow, September 2021 to September 2026: from $254,276 to $305,532.
Typical rent
$2,110a month
Typical rent from Zillow, June 2026 to September 2026: from $2,185 to $2,110.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lake Alfred is in Polk County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Polk County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Inwood, the typical home value is $142,300: 41% less than in Lake Alfred ($239,900).
2
Lake Alfred has the 22nd largest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (76%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lake Alfred
What homes there are in Lake Alfred, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lake Alfred
Polk County
Florida
United States
Kind of home: Lake Alfred and its comparisons
Measure
Lake Alfred
Polk County
Florida
United States
Detached house
66%
62%
55%
61%
Attached house
Unreliable estimate
3%
7%
6%
Building of 2 to 4
Unreliable estimate
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
9%
25%
19%
Mobile home
14%
20%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 66% of homes here, against 62% in Polk County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lake Alfred
Polk County
Florida
United States
Year built: Lake Alfred and its comparisons
Measure
Lake Alfred
Polk County
Florida
United States
Before 1960
17%
10%
10%
26%
1960–1979
Unreliable estimate
20%
24%
24%
1980–1999
31%
31%
34%
25%
2000–2009
19%
21%
18%
14%
2010 or later
18%
18%
14%
11%
By age, homes in Lake Alfred look like those in Polk County: the typical year built is 1989.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K19%
$200K–$300K33%
$300K–$500K31%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lake Alfred and its comparisons
Measure
Lake Alfred
Under $100K
Unreliable estimate
$100K–$200K
19%
$200K–$300K
33%
$300K–$500K
31%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lake Alfred and its comparisons
Measure
Lake Alfred
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,810 a month
Polk County: $1,716 a month
Without a mortgage
$668 a month
Polk County: $545 a month
Owners with a mortgage
61%
Polk County: 56%
In Lake Alfred, 61% of owners have a mortgage, and their typical cost is $1,810 a month, against $1,716 in Polk County. Without one it drops to $668.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lake Alfred+68%
Polk County+77%
Florida+67%
United States+53%
Typical rent
Lake Alfred+53%
Polk County+39%
Florida+42%
United States+33%
Typical household income
Lake AlfredNo clear change
Polk County+30%
Florida+34%
United States+29%
Change since 2015–2019: Lake Alfred and its comparisons
Measure
Lake Alfred
Polk County
Florida
United States
Typical home value
+68%
+77%
+67%
+53%
Typical rent
+53%
+39%
+42%
+33%
Typical household income
No clear change
+30%
+34%
+29%
From 2015–2019 to 2020–2024, the typical home value in Lake Alfred rose 68%; in Polk County, it rose 77%.
Since 2015–2019, the typical rent in Lake Alfred rose 53%, more than in Polk County (39%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lake Alfred and its comparisons
Measure
Lake Alfred
Polk County
Florida
United States
Rental vacancy
Unreliable estimate
5.1%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
1.5%
1.4%
0.9%
More than one person per room
Unreliable estimate
3.4%
3.3%
3.4%
People per household
2.80
2.68
2.51
2.53
Drive alone
68%
75%
70%
69%
Carpool
Unreliable estimate
9%
9%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
12%
16%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Polk County, a household in Lake Alfred has 2.80 people on average.
In Lake Alfred, 68% of workers drive alone to work; in Polk County, 75%.
Do the math
What would you pay each month for a home in Lake Alfred?
A typical home is tight for the typical income
We start with a typical home in Lake Alfred, worth $239,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Lake Alfred, which is $67,202 a year. For that payment to be 28% of income, a household would need to earn about $83,132 a year.
The calculator's FHA and conventional loan limits are those of all of Polk County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lake Alfred. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,397 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,940
at 7.18% · 30 years
Loan amount
$235,554
Total interest
$338,907
Paid off in
November 2056
Includes $4,051 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,568 a month
Tight
$1,568 to $2,016 a month
Your payment · 35%
Hard
more than $2,016 a month
Compared with the typical household income in Lake Alfred ($67,202 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,596
Property tax
$138
Home insurance
$100
FHA mortgage insurance (MIP)
$106
You need at least $8,397 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,940; principal and interest $1,596.
The city and its county
Lake Alfred and Polk County
Lake Alfred is in Polk County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lake Alfred
Map of Polk County, Florida, with Lake Alfred marked. Around it, the neighboring counties.
Lake Alfred
Polk County
Other cities with a page
Lake Alfred's own numbers
Typical home value
$239,900
Typical monthly rent
$1,349
Typical yearly household income
$67,202
Households that own their home
70%
Effective property tax rate
0.69%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Polk County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,608
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
3.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Polk County.
A typical home in Lake Alfred is worth $239,900: 10% below the county and 33% below Florida. With the typical household income in Lake Alfred ($67,202 a year), a typical home costs 3.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lake Alfred3.6 years
Polk4.0 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Polk County
According to FHFA’s house price index, home prices in Polk County rose 141% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Polk County.
Yearly change in FHFA’s price index in Polk County, 2016 to 2025
2016: +8.8% +8.8% 2016
2017: +9.9% +9.9% 2017
2018: +10.8% +10.8% 2018
2019: +7.0% +7.0% 2019
2020: +7.2% +7.2% 2020
2021: +16.6% +16.6% 2021
2022: +23.5% +23.5% 2022
2023: +8.6% +8.6% 2023
2024: +2.4% +2.4% 2024
2025: −1.2% −1.2% 2025
Change in FHFA’s price index in Polk County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
−1.2%
−0.5%
+2.9%
5 years (2020–2025)
+58%
+60%
+47%
10 years (2015–2025)
+141%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lake Alfred next to Polk County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lake Alfred$239,900
Polk$266,500
Florida$359,000
United States$332,700
Typical monthly rent
Lake Alfred$1,349
Polk$1,363
Florida$1,669
United States$1,413
Typical yearly household income
Lake Alfred$67,202
Polk$65,978
Florida$74,568
United States$80,734
See the full table
Lake Alfred next to Polk County and Florida
Measure
Lake Alfred
Polk County
Florida
U.S.
Typical home value
$239,900 ▼10% below the county
$266,500
$359,000
$332,700
Typical monthly rent
$1,349
$1,363
$1,669
$1,413
Typical yearly household income
$67,202
$65,978
$74,568
$80,734
Households that own their home
70%
70%
68%
65%
Typical yearly property tax
$1,660 ▼14% below the county
$1,933
$2,730
$3,119
Effective property tax rate
0.69% ▼0.04 points below the county
0.73%
0.76%
0.94%
Renters with high rent for their income
76% ▲22 points above the county
54%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Polk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lake Alfred
For a typical $239,900 home in Lake Alfred, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Alfred's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,940a month
Least cash to close
Down payment
$8,397
Cash to close
$15,594
Rate
7.18%
Mortgage insurance
FHA MIP · $106
Conventional, 5% down$1,896a month
Down payment
$11,995
Cash to close
$19,192
Rate
7.18%
Mortgage insurance
PMI · $114
Conventional, 20% down, no PMI$1,538a month
Down payment
$47,980
Cash to close
$55,177
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,760a month
Down payment
$35,985
Cash to close
$43,182
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lake Alfred
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,940
$8,397
$235,555
7.18%
FHA MIP · $106
$15,594
580
Conventional, 5% down
$1,896
$11,995
$227,905
7.18%
PMI · $114
$19,192
620*
Conventional, 20% down, no PMI
$1,538
$47,980
$191,920
7.18%
None
$55,177
620*
ITIN, 15% down (example)
$1,760
$35,985
$203,915
8.18%
None
$43,182
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lake Alfred is $1,349 a month: about the same as the county. In Lake Alfred, 76% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Polk County, by unit size. To pay the 2-bedroom one ($1,608 a month) without spending more than 30% of your income, you would need to earn $30.92 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Polk County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,258
$24.19
$50,320
1 bedroom
$1,338
$25.73
$53,520
2 bedrooms
$1,608
$30.92
$64,320
3 bedrooms
$2,212
$42.54
$88,480
4 bedrooms
$2,688
$51.69
$107,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lake Alfred
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Alfred is in ZIP code 33850.
For 2 bedrooms it is $1,350: $258 less than the fair market rent for Polk County ($1,608).
Fair market rent by ZIP code and size in Lake Alfred, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
33850
$1,110
$1,110
$1,350
$1,840
$2,260
ZIP code2 bd3 bd
33850 $1,350$1,840
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake Alfred when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Polk County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Lake Alfred or Polk County. The ones below are statewide in Florida: they work in Lake Alfred the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
No legal help resource on our list is for Lake Alfred or Polk County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lake Alfred and all of Polk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lake Alfred?
The typical home value in Lake Alfred is $239,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Polk County it is $266,500.
How much does it cost to rent in Lake Alfred?
Typical rent in Lake Alfred is $1,349 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Polk County is $1,608.
What is the FHA loan limit in Lake Alfred?
Lake Alfred uses the FHA limit for all of Polk County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lake Alfred?
The typical homeowner in Lake Alfred pays $1,660 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Polk County, the rate is 0.73%.
Where can I find free help to buy or rent in Lake Alfred?
There is 1 HUD-approved counseling agency with an office in Polk County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
