Housing in Thorne Bay, AK is an attractive option for many looking to purchase a home. The median value of homes in Thorne Bay is $174,000, which is significantly lower than the US median value of $338,100. Despite the difference in costs, Thorne Bay has experienced an impressive 10.48% increase in home values over the past year compared to the US average of 8.27%. This makes now a great time to invest in housing in Thorne Bay and take advantage of the strong appreciation rates.
The median home cost in Thorne Bay is $174,000. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Thorne Bay is up 14.6%.
Average Age of Homes
- The median age of Thorne Bay real estate is 26 years old
The Rental Market in Thorne Bay
- Renters make up 14.0% of the Thorne Bay population
- 2.4% of houses and apartments in Thorne Bay, 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.