ZIP Code · FL

ZIP 33850

Part of Lake Alfred, FL

Pop. 9,757·Polk County·308th most expensive ZIP in Florida

Median rent (all units)

$2,110/mo

Year-over-Year

+15.9%

Month-over-Month

+0.6%

vs US Median

+$178

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33850 · $2,110

More expensive than 67% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,040

2 BR

$1,260

3 BR

$1,700

4 BR+

$2,110

Research median

$1,260/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Florida

Rent in ZIP 33850 changed +15.9% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

What a typical income covers

30% of the median household income ($61,622) is $1,541 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,260); a 3-bedroom is $1,700.

Cheaper nearby

ZIP 33881, 5 miles away, rents for 17% less ($1,756/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33850. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,320/yr

At $2,110/mo median

Location

CityLake Alfred

StateFL

CountyPolk County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 15.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+15.9% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 33850 (Lake Alfred, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 25.7% of residents hold a bachelor's degree or higher.

Population

9,757

Median income

$61,622

Median age

42.2

Renters

27.2%

Age distribution

20%

22.6%

17.2%

15.5%

24.6%

Under 1820%

18–3422.6%

35–5417.2%

55–6415.5%

65+24.6%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

59.3%

25.8%

White59.3%

Black10.4%

Hispanic25.8%

Asian5.1%

Education (25+)

12.2%

39.8%

22.3%

25.7%

No HS diploma12.2%

HS diploma39.8%

Some college22.3%

Bachelor's+25.7%

Housing tenure

72.8%

27.2%

Owner72.8%

Renter27.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 33850 in Lake Alfred, FL has changed in 5 years

Income

$43,886 → $61,622

up 40.4%

Population

8,535 → 9,757

up 14.3%

Renter share

28.7% → 27.2%

-1.5 pts

Bachelor's+

16.5% → 25.7%

+9.2 pts

Median age

41.3 → 42.2

+0.9 yrs

Median household income rose from $43,886 to $61,622 between 2021 and 2024, a 40.4% shift. The population has grown by 14.3% since 2021, moving from about 8,535 residents to roughly 9,757. Renters now make up 27.2% of households, compared with 28.7% five years ago. College-educated residents now make up 25.7% of adults here, versus 16.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 33850

About renting in ZIP 33850

Last updated: October 17, 2026

ZIP code 33850 covers Lake Alfred, FL. The median rent here is $2,110/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,260/mo.

At 41% of local median household income ($61,622/yr), ZIP 33850 ranks as moderate compared to the national benchmark of 30%. Rents have increased 15.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33850?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,110/mo in ZIP 33850. The local median household income is $61,622/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33850?

Rent in ZIP 33850 has risen 15.9% over the past year.

How does ZIP 33850 compare to other ZIPs in Florida?

ZIP 33850 is in the middle among Florida ZIP codes for rent, ranking #308 of 656 at $2,110/mo. Over the year to September 2026, rent in ZIP 33850 changed +15.9%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.