The housing market in Northwest Arctic, AK County is thriving. The median value of a house in the region stands at $274,500, which is significantly lower than the US median value of $338,100. Despite this difference, the house appreciation rate in Northwest Arctic is 10.48%, which is higher than the US 1 year appreciation rate of 8.27%. This trend suggests that more people are buying houses in this area as they recognize its potential for growth and investment. Clearly, Northwest Arctic AK County has become an attractive destination for people looking to invest in real estate or buy a home.
The median home cost in Northwest Arctic Borough County is $274,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Northwest Arctic Borough County is up 8.2%.
Average Age of Homes
- The median age of Northwest Arctic Borough County real estate is 36 years old
The Rental Market in Northwest Arctic Borough County
- Renters make up 31.7% of the Northwest Arctic Borough County population
- 0.5% of houses and apartments in Northwest Arctic Borough County, 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.