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Welaka

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

Median Home$210,100
Median Rent$991/month
Population755
Leading IndustriesPublic Administration · Information & Media · Manufacturing31% public administration
Home Value Growth⬆⬆⬆+49.7% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableTransit79/100 · excellent transit access
Welaka
FL

Frequently Asked Questions

What are today's mortgage rates in Welaka?

As of today, the 30-year fixed mortgage rate for Welaka is approximately 6.928% (6.965% 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 Welaka?

The median home value in Welaka is $210k. The median monthly rent is $991. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Welaka?

Home values in Welaka have increased 49.7% 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 Welaka?

Based on a typical all-in ownership cost of $629/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Welaka is $48k/year.

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What industries drive the economy in Welaka?

The largest employment sectors in Welaka are public administration (31%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.