The housing market in Point Lay, Alaska is much different than the U.S. average. The median value of a home in Point Lay is $115,000 compared to the US median of $338,100. In the last year, the US has seen an appreciation of 8.27% in home values while in Point Lay there was only a 1.58% increase. This trend shows that the real estate market in Point Lay is slower moving than the rest of the country and may be a great place for individuals looking to purchase property at a lower cost and less competition from other buyers.
The median home cost in Point Lay is $115,000. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Point Lay is up 8.2%.
Average Age of Homes
- The median age of Point Lay real estate is 37 years old
The Rental Market in Point Lay
- Renters make up 50.0% of the Point Lay population
- 0.0% of houses and apartments in Point Lay, 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.