Lake Alfred, Florida Real Estate & Housing Market

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Lake Alfred Housing Information

Index	Lake Alfred	Florida	National
Median home price	$109,500	$166,800	$184,700
Median rent asked	$843	$1,032	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	52.6%	64.8%	63.6%
Renter occupied households	47.4%	35.2%	36.4%

A general summary of the real estate market in Lake Alfred, FL is listed above. Properties in Lake Alfred, FL average a cost of $109,500, which is 34% lower than the median home price for real estate located in Florida. This means that the region of Lake Alfred, FL is, on average, more affordable when compared to the remainder of Florida. Since tenants living in Lake Alfred, FL will pay an average of $843, the median rental cost is 18% lower than in Florida. 52.6% of people in Lake Alfred, FL own their own homes, and an average of 2.6 people inhabit each property. Lake Alfred, FL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Lake Alfred Home Affordability

When starting your search for real estate in Lake Alfred, FL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Lake Alfred, FL costs $109,500 while each household has an average income of $40,144. Consequently, the ratio of home price to household income is 2.7x; this ratio is 20% lower than the average in Florida. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Lake Alfred, FL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Lake Alfred, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Fussels Corner, FL	4,991	$51,400	72%
Wahneta, FL	4,700	$53,100	71%
Combee Settlement, FL	6,462	$58,200	68%
Crystal Lake, FL	6,413	$61,800	67%
Inwood, FL	6,995	$68,000	63%
Lake Alfred, FL	5,353	$109,500	41%

Cities with similar population

City, State	Population	Home Price	National Avg.
Glendive, MT	5,353	$159,300	14%
St. Paul Park, MN	5,352	$161,300	13%
Shaw Heights, CO	5,351	$192,400	4%
Mascotte, FL	5,350	$93,500	49%
Weiser, ID	5,350	$95,500	48%
Lake Alfred, FL	5,353	$109,500	41%

Source: The Lake Alfred, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).