Real Estate Investing in Lake Alfred, Florida (33850)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33850 (Lake Alfred, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.8% of homes vacant — above national norms.
What’s happening in Lake Alfred, FL (33850)?
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Market Analysis: 33850 Lake Alfred
In practical terms, ZIP 33850 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $310K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $310K asset, 33850 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 33850's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 33850 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 33850 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lake Alfred:
Property Strategy for 33850
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,963 | $1,260 | 5.4% | +6.7% | $83,481 |
| 3BR | $281,584 | $1,700 | 4.3% | +8.0% | $93,861 |
| 4BR | $341,206 | $2,110 | 4.5% | +7.5% | $85,302 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33850 Compare?
| Metric | 33850 | Lake Alfred | Lakeland-Winter Haven, FL | Florida |
|---|---|---|---|---|
| Home Value | $310,202 | $310,202 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.4% |
| Avg Rent | $2,048 | $2,048 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33850 (Lake Alfred, FL). Anonymous, moderated, never written by AI.
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Property managers serving Polk County
Manage rentals here? List your business →All County Polk is a full-service residential property management company in Lakeland, FL, serving Lakeland and surrounding areas in Polk County. summary from their website
Paragon Property Services, LLC offers full-service home inspection services in Central Florida, including Lake, Sumter, Seminole, Orange, Osceola, Polk, Pasco, Hernando, Hillsborough, Volusia, and Cit summary from their website
PMI Arrico Realty and Property Management offers residential property management, investment services, and real estate services in Lakeland, FL. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $310,202 |
| Monthly Rent | $2,048 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33850
Population: 9,825
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33850
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,351 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Lake Alfred, FL?
Vacancy in Lake Alfred, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,048/mo.
Is the tenant base reliable in Lake Alfred, FL?
The tenant pool in Lake Alfred, FL is solid, supported by local employment and population fundamentals. Rents of $2,048/mo are well-absorbed by the market.
How does Lake Alfred, FL rate as a rental market?
The 3.0/5 investability rating in Lake Alfred, FL reflects its $310K prices and $2,048/mo rents. Investors generally consider it a solid option within FL.
Is house hacking profitable in Lake Alfred, FL?
Lake Alfred, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,048/mo rent level.
What real estate strategy is ideal for Lake Alfred, FL?
In Lake Alfred, FL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $310K prices and $2,048/mo rents suits that approach.
You know 33850 now. You don’t know where it ranks.
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How 33850 ranks in Lakeland-Winter Haven, FL
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