Home Insurance in Lake Alfred, Florida
Homes in Lake Alfred carry a median value of $239,900 - 10% lower than the Polk County median.
The typical home in Lake Alfred was built around 1989. About 17% of homes were built before 1960, about 7 points above Polk County's 10%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Lake Alfred, the housing stock is 71% single-family homes, 3% apartments in buildings with 5+ units and 14% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
61% of owner-occupied homes in Lake Alfred carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lake Alfred has an owner-occupancy rate of 70% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Lake Alfred - 91% - are primarily heated with electricity.
Polk County's top FEMA-rated hazard is strong wind (Very High), per FEMA's National Risk Index. Polk County had 7,575 active NFIP flood policies as of September 2026. See the full Polk County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Florida carries a statewide average premium of $2,779 per year.
Key figures
| Median home value | $239,900 |
|---|---|
| Median year built | 1989 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Polk County | 7,575 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)