Wales, AK is a small town located on the Bering Strait in Alaska. It has a population of just over 140 people and is known for its unique historical sites and its remote location. The housing market in Wales, AK is significantly less expensive than the US median house value of $338,100; the median value for homes in Wales currently stands at $132,500. While the US has seen an appreciation rate of 8.27% over the past year, homes in Wales have only appreciated by 1.58%. Despite this slower rate of growth, homebuyers may benefit from lower prices and interest rates as well as potential growth opportunities in the future.
The median home cost in Wales is $132,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Wales is up 8.2%.
Average Age of Homes
- The median age of Wales real estate is 39 years old
The Rental Market in Wales
- Renters make up 39.4% of the Wales population
- 1.0% of houses and apartments in Wales, 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.