Market Overview
Home Prices in Alva, OK
The median home value in Alva, OK is $110,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and down 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alva are priced73% below average.
Over the past five years, Alva home values have risen by approximately10.0%, reflecting steady appreciation in this market.
Price History
Alva Home Price Trend
2020
$93,085
$93K
—
2021
$100,642
$101K
+8.1%
2022
$106,132
$106K
+5.5%
2023
$114,018
$114K
+7.4%
2024
$113,456
$113K
-0.5%
2025
$104,721
$105K
-7.7%
2026
$110,725
$111K
+5.7%
City Comparison
Alva vs. National Median
🏠 Alva
$110,725
National Median
$410,000
At $110,725, homes in Alva cost 73% below the national median of $410,000. This makes Alva a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alva?
20% Down Payment
$22,145
on $110,725
Monthly P&I
$577/mo
30-yr @ 6.8%
Total Monthly Est.
~$733/mo
incl. taxes & insurance
Income Needed
$29,320
gross annual (30% rule)
10% Down Option
$11,073
+ PMI applies
Loan Amount (20% dn)
$88,580
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alva, OK?
The median home value in Alva is $110,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Alva?
Over the past year, home values in Alva have increased by 5.7%. Over five years, prices have risen approximately 10.0%.
How much do I need to earn to buy a home in Alva?
To comfortably afford the median home price of $110,725 with a 20% down payment ($22,145) at today's rates (6.8%), you'd need a gross annual income of approximately $29,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Alva compare to the national average home price?
The national median home value is approximately $410,000. At $110,725, homes in Alva are 73% below the national average.