Market Overview
Home Prices in Lake Alfred, FL
The median home value in Lake Alfred, FL is $309,886 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and down 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Alfred are priced24% below average. Lake Alfred is part of the Lakeland-Winter Haven, FL metro area.
Over the past five years, Lake Alfred home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Lake Alfred Home Price Trend
City Comparison
Lake Alfred vs. National Median
At $309,886, homes in Lake Alfred cost 24% below the national median of $410,000. This makes Lake Alfred a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Alfred?
20% Down Payment
$61,977
on $309,886
Monthly P&I
$1,616/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,052/mo
incl. taxes & insurance
Income Needed
$82,080
gross annual (30% rule)
10% Down Option
$30,989
+ PMI applies
Loan Amount (20% dn)
$247,909
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lake Alfred, FL?
The median home value in Lake Alfred is $309,886 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Lake Alfred?
Over the past year, home values in Lake Alfred have decreased by 1.8%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Lake Alfred?
To comfortably afford the median home price of $309,886 with a 20% down payment ($61,977) at today's rates (6.8%), you'd need a gross annual income of approximately $82,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Alfred compare to the national average home price?
The national median home value is approximately $410,000. At $309,886, homes in Lake Alfred are 24% below the national average.
What metro area is Lake Alfred part of?
Lake Alfred is part of the Lakeland-Winter Haven, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.