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Alafaya

Learn about the people, housing, costs and businesses in Alafaya, Florida

Median Home$401,670
Median Rent$2,090/month
Population93,079
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth+10.7% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners65% of occupied units
NotableHighly Educated31% bachelor's · 12% graduate · top 7% nationally
NotableHigh Incomes$101k/year · top 16% nationally
Alafaya
FL

Frequently Asked Questions

What are today's mortgage rates in Alafaya?

As of today, the 30-year fixed mortgage rate for Alafaya is approximately 6.870% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alafaya?

The median home value in Alafaya is $402k. The median monthly rent is $2,090. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alafaya?

Home values in Alafaya have increased 10.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alafaya?

Based on a typical all-in ownership cost of $1,896/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alafaya is $101k/year.

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What industries drive the economy in Alafaya?

The largest employment sectors in Alafaya are public administration (23%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.