Housing in Kaktovik, AK is much more affordable than the US house median value. The median housing value in Kaktovik is only $115,900, while the US house median value is $338,100. Although the US saw a 1 year appreciation of 8.27%, Kaktovik only saw a 1 year appreciation of 1.58%. This means that even though housing prices are lower in Kaktovik than in other parts of the country, it is still difficult for residents to get ahead financially when it comes to home ownership.
The median home cost in Kaktovik is $115,900. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Kaktovik is up 8.2%.
Average Age of Homes
- The median age of Kaktovik real estate is 37 years old
The Rental Market in Kaktovik
- Renters make up 8.5% of the Kaktovik population
- 12.2% of houses and apartments in Kaktovik, 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.