Alva, FL—33920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alva, FL
As of Oct '25, the median home price in Alva, FL is $387,000, with a year-over-year change of -7.9%. This indicates that home prices in Alva, FL are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | -7.9% |
| Single Family | $391,000 | -8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | -9.8% |
3 Bed | $403,000 | -7.8% |
4 Bed | $435,000 | -6.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alva, FL
As of July '25, Rentcast reports the average rent in Alva, FL is $2,740, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Alva, FL is 2-bedrooms: $2,480, 3-bedrooms: $2,860, 4-bedrooms: $2,660. The most common rental property sizes in Alva, FL are 2-bedroom and 3-bedroom, accounting for 53.5% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,480 |
| 3 Bed Rent | $2,700 | $2,860 |
| 4 Bed Rent | $2,600 | $2,660 |
% of Rental Stock
Property Listings — Alva, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alva, FL is 81. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $421,000 | -11.0% |
Listing Count | 175 | 15.0% |
| Listings as % of Homes | 2.9% | 15.0% |
Days on Market | 81 | -2.0% |
Demographics — Alva, FL
As of the latest ACS Survey released in 2023, Alva, FL has a population of 7,690, which has increased by 28.3% over the past 5 years. Alva, FL is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,690 | 28.3% |
% Under 18 | 21.2% | 29.3% |
% Seniors | 27.8% | 18.3% |
% WFH | 16.0% | 263.6% |
% w/ College Degree | 34.0% | 65.0% |
As of the latest ACS Survey released in 2023, Alva, FL is a predominantly white area, with 82.1% of the population identifying as white. The white population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in Alva, FL is hispanic, making up 8.5% of the population. Foreign-born residents account for 11.0% of the population in Alva, FL, and this percentage has increased by 5.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | 7.5% |
% Black | 1.4% | -77.8% |
% Hispanic | 8.5% | -26.7% |
% Asian | 5.1% | 363.6% |
% Foreign Born | 11.0% | 5.8% |
Mortgage and Risk — Alva, FL
According to HUD data as of 2023, there were 75 mortgage originations in Alva, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Alva, FL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Alva, FL
Alva, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | -$490 | $2,000 | $1,510 |
| 3 Bedroom | -$720 | $2,700 | $1,980 |
| 4 Bedroom | -$350 | $2,600 | $2,250 |
Affordability — Alva, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $387,000 |
| Median Household Income | $87,600 |