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Best Places to Buy a House in Alaska

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Known as the Last Frontier, Alaska is a promising destination for adventure-seekers, wildlife-lovers, and nature-enthusiasts. With its pristine environment and countless sights, many individuals and families are opting to move to this remote state.

Are you aware of what a “PDF” is? Also known as a permanent dividend fund, residents who have lived in Alaska for at least a full calendar year are entitled to a dividend. The amount for 2018 was $1600. This comes from the royalties on minerals

Provided are a list of the 5 best places to consider when moving to Alaska. The following places are large cities (population over 8,000) with notable schools and convenient shopping destinations.

Juneau, Alaska

As Alaska’s capital city with a population of 32, 531, there is never a dull moment in Juneau. With a thriving art community, several festivals, and many outdoor adventures, it’s an exciting place to live.

However, with desirability comes expense. The average value for homes in Juneau runs at $323,500. This price may seem steep, but it’s important to remember that the median income in Juneau is $85,746 and the unemployment rate is at a low of 4.3%. Also, rent for apartments typically falls between $1100-$1300.

Although Juneau has the highest cost for homes, the superior lifestyle and numerous employment opportunities make it one of the best places to live in Alaska.

2. Anchorage, Alaska

With a population of 294,356, Anchorage is Alaska’s largest city. Each year Anchorage hosts the Alaska State Fair, Iditarod Trail Dog Sled Race, and the Downtown Summer Solstice Festival, making it one of the best festival cities in Alaska.

The average cost to buy a home in Anchorage is $290,500, whereas rent typically stays around the $1197 mark. Anchorage also includes a variety of rental options, including lofts, detached single-family homes, and duplexes.  It just goes to show you that Alaska rents aren’t cheap.

The average household income in Anchorage is $78,121, and the unemployment rate is 5.8%.

With a variety of activities to keep individuals and families busy, Anchorage is a great place to live. Also, the lower cost for homes is an added bonus.

3. Fairbanks, Alaska

Fairbanks has a population of 31,644 residents, making it one of the three largest cities in Alaska. Offering a variety of activities for adventure-enthusiasts and families, Fairbanks is a city of promising potential. Whether you want to explore the Chena River, marvel at the beautiful wildlife, or find unique items in the many museums, Fairbanks has something for everyone.

The average home value in Fairbanks is $199,800, making it an affordable option for most home buyers. With a median home income of $55,229, Fairbanks rates a bit lower regarding income compared to Anchorage or Juneau. However, with the lower income, comes lower home costs.

Fairbanks is a popular tourist and living destination for those seeking an exciting lifestyle. Although it’s a larger city, it retains its natural and scenic

sitka alaska

4. Sitka, Alaska

Sitka has a population of 8,689, making it a great option for those seeking a smaller city with everyday conveniences. Home to beautiful hiking trails, national parks, historical centers, Sitka offers many activities for a variety of lifestyles. Sitka also hosts several annual festivals, including the Sitka Summer Music Festival, the Alaska Day Festival, and the Sitka Whalefest.

With an average home value of $341,600, Sitka may not be a great option for those on a tight budget. However, the average household income is $79,160, and the economy is rising.
Sitka’s natural beauty and coastal atmosphere make it a premier destination for tourists, renters, and homeowners.

5.Wasilla, Alaska

With a population of 10, 151, Wasilla is slightly larger than Sitka but maintains its small-town charm. Wasilla offers many exciting activities, including superior fishing sites, museums, and beautiful hiking zones along the Matanuska Greenbelt.

The average price of a home in Wasilla is $265,400, making it an affordable option for most households. With a median household income of $61,774, Wasilla offers promising employment opportunities. The average cost to rent in Wasilla is between $1350-$1550.

Surrounded by lush greenery in the summer and a white paradise in the winter, Wasilla is a city renowned for its beauty. Bustling with wildlife and nature, Wasilla is a great option for those looking for frontier living with the convenience of modern amenities.

Remember, you can get some of the best non prime mortgage rates in today’s low cost environment. Alaska certainly has it’s fair share of awesome places to live.

You can find many of our real estate reports at the following website. https://www.abodo.com/athens-ga#rent-report. Here you can get much more information about pricing for homes and rentals in your city. We use reports like these to inform our customers about market trends and pricing in their city.

Sources:

https://datausa.io/profile/geo/wasilla-ak/

https://livability.com/

https://www.newsmax.com/fastfeatures/biggest-cities-in-alaska/2015/02/23/id/626390/hh

https://www.tripsavvy.com/fun-things-to-do-in-sitka-1608447

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