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These days, finding an affordable place to live in the Alva area can be challenging. Home prices in Alva are now at a median cost of $155,362, lower than the Oklahoma average of $210,566.
The average cost of rent is $832/mo in Alva, primarily driven by the current value of real estate in the Alva area. In Alva, 42.72% of households rent, and 41.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alva is $4,307 per month. Households that rent pay about 19.32% of their income on rent here. Alva’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Noel, OK: higher priced homes
- Capron, OK: higher priced homes
- Fairvalley, OK: higher priced homes
- Tegarden, OK: higher priced homes
- Burlington, OK: equally priced homes
- Ingersoll, OK: less expensive homes
- Cherokee, OK: less expensive homes
- Driftwood, OK: equally priced homes
- Byron, OK: equally priced homes
- Amorita, OK: equally priced homes
Cities with Similar Populations
- Water Valley, MS: equally priced homes
- Berlin, PA: equally priced homes
- Gilford, NH: higher priced homes
- Bennett, CO: higher priced homes
- Nephi, UT: higher priced homes
- Wahoo, NE: higher priced homes
- Butler Beach, FL: higher priced homes
- Munfordville, KY: equally priced homes
- Belford, NJ: higher priced homes
- Grant, AL: higher priced homes
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