Newtok, AK is a small town with a median value of $279,300 for housing, which is much lower than the US national median value of $338,100. Although the US experienced an 8.27% appreciation in housing prices over the past year, Newtok only experienced a 6.95% appreciation in housing prices. This suggests that Newtok residents may be feeling the effects of slower economic development compared to other parts of the country. Despite this difference, Newtok still remains an attractive place to live due to its beautiful natural environment and friendly community.
The median home cost in Newtok is $279,300. Home appreciation the last 10 years has been 39.2%. Home Appreciation in Newtok is up 8.7%.
Average Age of Homes
- The median age of Newtok real estate is 33 years old
The Rental Market in Newtok
- Renters make up 21.3% of the Newtok population
- 0.0% of houses and apartments in Newtok, 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.