The housing market in Northway, AK is much different than the US as a whole. The median value for homes in Northway is substantially lower at $127,100 compared to the US median value of $338,100. Additionally, house appreciation in Northway over the past year has been significantly slower at 1.58%, compared to the US average of 8.27%. Despite the slower growth rate compared to other areas in the country, the housing market in Northway remains an attractive option for potential buyers due to its affordable prices and access to amenities and transportation options.
The median home cost in Northway is $127,100. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Northway is up 8.2%.
Average Age of Homes
- The median age of Northway real estate is 33 years old
The Rental Market in Northway
- Renters make up 9.8% of the Northway population
- 0.0% of houses and apartments in Northway, 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.