The housing market in Chignik Lake, AK is quite different than the rest of the United States. The median value for homes in Chignik Lake is only $197,000 - significantly lower than the US median of $338,100. While the one year appreciation rate for homes across the US was 8.27%, it was slightly lower in Chignik Lake at 6.95%. Despite this, these figures suggest that the housing market in Chignik Lake is improving and values are increasing over time.
The median home cost in Chignik Lake is $197,000. Home appreciation the last 10 years has been 39.2%. Home Appreciation in Chignik Lake is up 8.7%.
Average Age of Homes
- The median age of Chignik Lake real estate is 32 years old
The Rental Market in Chignik Lake
- Renters make up 14.9% of the Chignik Lake population
- 0.0% of houses and apartments in Chignik Lake, 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.