The housing market in Lake and Peninsula, AK County has seen strong growth over the last year. The median value of homes is $217,500, which is significantly lower than the US median of $338,100. But despite this difference in price, the area has experienced an impressive 11.27% appreciation rate over the last year, higher than the US average of 8.27%. This suggests that Lake and Peninsula, AK County is a great place for potential homebuyers to invest their money.
The median home cost in Lake and Peninsula Borough County is $217,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Lake and Peninsula Borough County is up 12.7%.
Average Age of Homes
- The median age of Lake and Peninsula Borough County real estate is 31 years old
The Rental Market in Lake and Peninsula Borough County
- Renters make up 12.0% of the Lake and Peninsula Borough County population
- 1.3% of houses and apartments in Lake and Peninsula 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.