Lake Alfred, FL
Population 6,803 · Florida
About Lake Alfred, FL
Lake Alfred is a small town located in Florida with a population of 6,803 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,854 per year, which is 8% below the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Alfred features a median home value of $226,800, which is 7% below the national median of $244,900. This positions Lake Alfred in a moderately priced market relative to the rest of the country. Median monthly rent is $1,348, 16% above the national average of $1,163/month. Of the 3,078 total housing units, 75% are owner-occupied (1,914 units) and 25% are renter-occupied (624 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Alfred shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Alfred have an average one-way commute time of 28.4 minutes.
Education & Demographics
25.0% of Lake Alfred residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.5% White, 0.4% Hispanic or Latino, 19.4% Black or African American, and 7.1% Asian residents, with 15.3% of the population being foreign-born.
Cost of Living in Lake Alfred, FL
Compared to national averages, Lake Alfred has a median household income of $68,854 (8% below the national median of $75,149). Home values average $226,800, which is 7% below the national median. Monthly rent at $1,348 is 16% above the US average of $1,163. Within Florida, Lake Alfred's income is 9% below the state average of $75,893, and home values are 36% below the state median of $353,675.
Why Live in Lake Alfred, FL?
Lake Alfred offers affordable housing with a median home value of $226,800, below the US average of $244,900, and a low poverty rate of 8.9%, better than the national average.
Potential considerations include median household income ($68,854) that falls below the national average. However, Lake Alfred’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Alfred has a population of 6,803 with a median age of 38 years. Compare Lake Alfred with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Alfred
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marianna | 6,815 | $36,346 | $98,300 | Compare |
| St. Augustine Beach | 6,819 | $92,661 | $590,100 | Compare |
| Ave Maria | 6,826 | $95,179 | $405,600 | Compare |
| Port LaBelle | 6,856 | $53,648 | $214,600 | Compare |
| South Patrick Shores | 6,726 | $86,048 | $410,800 | Compare |
| Live Oak | 6,901 | $53,578 | $158,200 | Compare |
| Orlovista | 6,928 | $50,344 | $195,200 | Compare |
| Lecanto | 6,929 | $52,996 | $293,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Alfred With Other Cities
Frequently Asked Questions about Lake Alfred
What is the population of Lake Alfred, FL?
The population of Lake Alfred, FL is 6,803 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Lake Alfred?
The median household income in Lake Alfred, FL is $68,854 per year, which is 8% below the national median of $75,149.
What is the median home value in Lake Alfred?
The median home value in Lake Alfred, FL is $226,800, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Alfred?
The median monthly rent in Lake Alfred, FL is $1,348, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Lake Alfred?
The unemployment rate in Lake Alfred, FL is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Alfred, FL a good place to live?
Lake Alfred offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 6,803 and a median age of 38, the city appeals to a broad range of residents.
How educated is Lake Alfred, FL?
25.0% of residents in Lake Alfred aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Alfred?
Key cost-of-living indicators for Lake Alfred, FL: median home value is $226,800 (7% below national), median rent is $1,348/month, and median household income is $68,854. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Alfred?
The poverty rate in Lake Alfred, FL is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Alfred, FL?
Lake Alfred's population is 3.5% White, 0.4% Hispanic or Latino, 19.4% Black or African American, 7.1% Asian, and 11.9% two or more races. 15.3% of residents are foreign-born.