The housing market in 99741 Galena, AK is quite a bit different from the US House Median Value of $338,100. The median value for homes in this area is only $160,500 which is roughly half of the national value. However, while the US saw an 8.27% appreciation in house prices over the last year, Galena only saw a 1.58% increase in home values. This suggests that while housing prices are still relatively low and affordable here compared to other parts of the country, they may be increasing at a slower rate than some other areas.
The median home cost in Galena (zip 99741) is $160,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Galena (zip 99741) is up 8.2%.
Average Age of Homes
- The median age of Galena (zip 99741) real estate is 34 years old
The Rental Market in Galena (zip 99741)
- Renters make up 16.8% of the Galena (zip 99741) population
- 1.8% of houses and apartments in Galena (zip 99741), 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.