The housing market in Central, AK is considerably lower than the national average, with the median value of homes being $120,800 compared to the US median value of $338,100. The appreciation rate of Central, AK homes over the past year was 1.58%, much lower than the US national appreciation rate of 8.27%. While home values in Central, AK are not increasing at a rapid pace like other areas of the country, they are still relatively affordable and stable for buyers looking for a place to settle down.
The median home cost in Central is $120,800. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Central is up 8.2%.
Average Age of Homes
- The median age of Central real estate is 35 years old
The Rental Market in Central
- Renters make up 5.9% of the Central population
- 2.1% of houses and apartments in Central, 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.