The housing market in Ketchikan, AK Metro Area is quite steep compared to the national average. The median value of a home in the metro area is $390,800 while the US median house value is only $338,100. While appreciation rates for houses across the United States are at 8.27%, the 1 year appreciation rate for homes in Ketchikan is 6.95%. Despite this slight difference in appreciation rate, Ketchikan's real estate market continues to be quite expensive compared to its counterparts across the US.
The median home cost in Ketchikan Metro Area is $390,800. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Ketchikan Metro Area is up 14.6%.
Average Age of Homes
- The median age of Ketchikan Metro Area real estate is 41 years old
The Rental Market in Ketchikan Metro Area
- Renters make up 37.4% of the Ketchikan Metro Area population
- 2.4% of houses and apartments in Ketchikan Metro Area, 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.