Quick facts: Lake alfred, FL

Quick Facts

107.5
Cost of Living
above US average
7,101
Population
9.72
Crime Rate per 1000
below US average
$62,311
Median Income
below US average
$329,900
Median House Price
above US average
$2130.84
Average Rent
above US average
10%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,311.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $62,311
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Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2130.84/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $62,311
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake alfred, FL

Lake Alfred is a quaint city located in Polk County, Florida, known for its small-town charm and friendly community atmosphere. Nestled between the larger cities of Winter Haven and Auburndale, it offers a peaceful retreat while still being close to urban amenities. The city is surrounded by scenic lakes, most notably Lake Alfred, which provides recreational opportunities such as fishing, boating, and picnicking. Lake Alfred boasts a rich agricultural heritage, with orange groves and other farms contributing to its local economy. The downtown area features charming shops and restaurants, offering a glimpse into the city's local culture. It's also home to various community events and festivals that foster a strong sense of belonging among residents. The city's location provides easy access to major highways, making it convenient for commuting to nearby cities and attractions in Central Florida, including Walt Disney World and Legoland. Whether you're looking for a peaceful community or an outdoor adventure, Lake Alfred offers a unique blend of both.

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