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Lake Alfred city, FL

ZIP 33850 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33850

Median Home Value
$215,700
Median Rent
$798
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,386/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33850 in Lake Alfred city, FL, a household would need roughly $59,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,386. That is roughly in line with the local median household income ($53,877). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.6%+13% vs US avg
x
Vacancy Rate
20.7%+101% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
0.8%-93% vs US avg
x
Built Post-2014
2.3%-67% vs US avg
x
Rent Burden >30%
41.9%-16% vs US avg
x
Mortgage-Free
42.4%+11% vs US avg
x
$215,700
Home Value
$798
Rent
1985
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached54.2%
  • 1-unit attached2.7%
  • 2-9 units6.8%
  • 10+ units1.1%
  • Mobile home & other35.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$215,700
Median rent$798
Owner-occupied73.6%
Vacant20.7%
Price-to-income4.0x
Est. income to buy$59,000