The housing market in Wainwright, AK is quite affordable and stable compared to the US average. The median value of a house in Wainwright is $154,700, which is much lower than the US median value of $338,100. Despite this difference in price points, it is still a good investment for those looking to buy into the area as the one year appreciation rate in Wainwright is 1.58%, which is significantly lower than the national appreciation rate of 8.27%. This shows that while prices are low, they are relatively stable and are not likely to be affected by rapid changes or drops in values.
The median home cost in Wainwright is $154,700. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Wainwright is up 8.2%.
Average Age of Homes
- The median age of Wainwright real estate is 37 years old
The Rental Market in Wainwright
- Renters make up 22.9% of the Wainwright population
- 0.0% of houses and apartments in Wainwright, 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.