Kaktovik, AK is a remote city located in the Arctic Ocean. The housing median value in Kaktovik is $125,300, which is significantly lower than the US house median value of $338,100. Despite this difference in the two values, the one-year house appreciation rate in Kaktovik (1.58%) is still slightly higher than the national average (8.27%). Although there may be difficulties regarding access to resources and infrastructure in such a remote location, Kaktovik remains an attractive option for potential homebuyers due to its affordability and reasonable rate of appreciation.
The median home cost in Kaktovik (zip 99747) is $125,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Kaktovik (zip 99747) is up 8.2%.
Average Age of Homes
- The median age of Kaktovik (zip 99747) real estate is 37 years old
The Rental Market in Kaktovik (zip 99747)
- Renters make up 8.5% of the Kaktovik (zip 99747) population
- 12.2% of houses and apartments in Kaktovik (zip 99747), 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.