The housing market in Kongiganak, AK is quite different than the rest of the United States. The median value for homes in Kongiganak is markedly lower at $161,000 compared to the US median house value of $338,100. Despite this difference, the one-year house appreciation rate in Kongiganak is still a respectable 6.95%, just a bit under the US average of 8.27%. Those looking to purchase a home in Kongiganak can expect to benefit from either steady growth or appreciation over time as housing values continue to rise.
The median home cost in Kongiganak is $161,000. Home appreciation the last 10 years has been 39.2%. Home Appreciation in Kongiganak is up 8.7%.
Average Age of Homes
- The median age of Kongiganak real estate is 24 years old
The Rental Market in Kongiganak
- Renters make up 11.6% of the Kongiganak population
- 3.1% of houses and apartments in Kongiganak, 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.