Lee County Real Estate - Alva

Alva is in South West Florida. It's population as recorded in the 2010 Census was 2,596. Alva is approximately 23 miles from Cape Coral (population 154,305) and around 6 miles from Lehigh Acres (population 86,784).

The median age for residents of Alva is 49.8. Around 26.2% of Alva households include school aged children and 42.7% of households include individuals aged 65 years or over. Census records indicate 97.4% of the Alva population are White, .3% are Black or African American, .3% American Indian, .5% Asian and .5% are Two or more Races.

There are 1,257 housing units in Alva. 213 (16.9%) of these were reported as vacant in the 2010 Census. Alva is a tourist destination, 37% (79) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 128 residential rental units in Alva. 118 of them were occupied in 2010 providing a residential rental vacancy rate of 7.8%.

Alva links:

Lee County

Lee County is located in the southwest Florida region, along with Collier and Charlotte counties. The communities in Lee County include Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. The population of Lee County is in excess of 600,000.

Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc., Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and the City of Cape Coral.

Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also produced in large quantities in Lee County. Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. Today, however, the most dominant industries are tourism, construction, and other service related industries.

The most populous city in southwest Florida is Cape Coral, home to over 150,000. The U.S. Census Bureau estimated that the city grew by 10% from 2010-2013. The city lies on a peninsula surrounded by Charlotte Harbor, with the Caloosahatchee River on the city?s southern border. There are over 400 miles of inland navigable waterways within city limits, the most of any city in the world.

Located across the Caloosahatchee, the county seat of Fort Myers has a population over 60,000 people. The economic heart of Lee County, the city?s strength is in the services, including the healthcare and tourism industries. Just south of the city is Florida Gulf Coast University, Florida's newest public university. Additionally, Florida SouthWestern State College, formerly Edison State College, is located within city limits.

Neighboring Properties

AddressTypeSq FtClass 
21991 Edwards Dr Multi-family - less than 10 units 6,106 C
22151 Tuckahoe Rd Grazing land soil capability Class I 1,728 C
21971 Edwards Dr Single Family 1,116 C

Local Household Income

The median household income in this part of Florida is $54,810. The bottom 10% of the population earn less than $20,561 per year. The top 10% earn more than $132,210 per year. The top 1% earn more than $423,775 per year. Most renters earn between $31,140 (20th percentile) and $50,004 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,620 and $137,025.

The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $289,589 per year who should qualify for a mortgage between $579,178 and $723,973.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $980. Most renters earn between $2,595 and $4,167 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $727 (20th percentile) to $1,230 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $2,135 per month and a monthly household income of $7,165 ($85,980 per year)

Disclaimers and Disclosures

Public Records Data

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