33920, Alva, FL

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the amount that someone is willing to pay for a property. In Alva, FL, home equity and home prices have been on the rise in recent years.

In 2013, the median home value was $128,000. By 2017, this had increased to $157,000. This increase can be attributed to a number of factors: rising interest rates, increasing demand for homes in Alva due to its proximity to major cities such as Tampa and Orlando, and limited supply of homes available for purchase in the area.

As of September 2018, there were 1,814 homes for sale in Alva. Of these properties, 571 were single-family detached homes and 1,527 were multi-unit dwellings (such as apartments or condos). This indicates that there is strong demand for housing in Alva – both single-family detached homes and multi-unit dwellings – despite the limited availability of properties for sale.

Despite this strong demand for housing in Alva, home equity has continued to grow since 2013. As of September 2018, median home equity was $191,500 – an increase of 14% from 2013 levels. This indicates that homeownership rates in Alva are high enough that people are able to borrow against theirhome equity without too much difficulty.

Overall then,, while there may be some limitations on available properties due to low inventory levels (which could lead to higher prices), overall demand seems very high and likely will continue driving up house values over time in Alva