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These days, finding an affordable place to live in the Alvo area can be challenging. Home prices in Alvo are now at a median cost of $297,828, higher than the Nebraska average of $252,353.
The average cost of rent is $883/mo in Alvo, primarily driven by the current value of real estate in the Alvo area. In Alvo, 16.66% of households rent, and 35.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alvo is $7,942 per month. Households that rent pay about 11.12% of their income on rent here. Alvo’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elmwood, NE: less expensive homes
- Murdock, NE: equally priced homes
- Eagle, NE: less expensive homes
- Greenwood, NE: equally priced homes
- Wabash, NE: less expensive homes
- Prairie Home, NE: higher priced homes
- Waverly, NE: higher priced homes
- Ashland, NE: equally priced homes
- Walton, NE: higher priced homes
- South Bend, NE: higher priced homes
Cities with Similar Populations
- Horseshoe Beach, FL: less expensive homes
- Dessa, MO: less expensive homes
- New Liberty, KY: less expensive homes
- Westport Point, MA: higher priced homes
- Teasdale, MS: less expensive homes
- Belle River, LA: less expensive homes
- Bynum, NC: higher priced homes
- Index, WA: higher priced homes
- Topsail Beach, NC: higher priced homes
- West Bainbridge, GA: less expensive homes
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