The housing in Wrangell, AK is a great investment option for those looking to buy. The median value for housing in the area is $253,600, much lower than the US median of $338,100. Despite this difference, the appreciation rate in Wrangell, AK has been 10.48% over the past year which is higher than the national average of 8.27%. This makes it an attractive investment opportunity given its lower cost compared to other areas but with similar appreciation rates potential.
The median home cost in Wrangell is $253,600. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Wrangell is up 14.6%.
Average Age of Homes
- The median age of Wrangell real estate is 40 years old
The Rental Market in Wrangell
- Renters make up 21.5% of the Wrangell population
- 2.8% of houses and apartments in Wrangell, 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.