The housing market in Nome, AK (99762) is significantly lower than the US median value for houses. The median value of a house in Nome is $331,300 compared to the US median of $338,100. While the US had an impressive 1 year appreciation rate of 8.27%, Nome only saw a modest 1.58% appreciation rate over the same period. Despite this low appreciation, it could be a good time to purchase in Nome as prices are still relatively affordable compared to other parts of the country.
The median home cost in Nome (zip 99762) is $331,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Nome (zip 99762) is up 8.2%.
Average Age of Homes
- The median age of Nome (zip 99762) real estate is 34 years old
The Rental Market in Nome (zip 99762)
- Renters make up 36.2% of the Nome (zip 99762) population
- 0.8% of houses and apartments in Nome (zip 99762), 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.