The housing market in North Pole, AK is a unique one. The median value of a house in North Pole sits at $289,500, which is significantly lower than the US median house value of $338,100. Despite this difference, the appreciation rate for houses in North Pole has increased by 1.58% over the last year and is much lower than the US average appreciation rate of 8.27%. This suggests that while North Pole may have slightly more affordable housing options than many other places in America, it may not be a great option for those looking to invest in real estate for capital gains.
The median home cost in North Pole is $289,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in North Pole is up 8.2%.
Average Age of Homes
- The median age of North Pole real estate is 30 years old
The Rental Market in North Pole
- Renters make up 39.9% of the North Pole population
- 1.4% of houses and apartments in North Pole, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.