The median price of a home in Alaska is roughly $332K. This is a year-over-year increase of 9.8%. Although the average cost of properties in Alaska has been steadily increasing over the years, it is still lower than the national average of $356K.
Growth in median home prices in Alaska is also slower than the national average, which was 16.5% over the past year, compared to Alaska’s 9.8% increase over the same period.
If you are a first-time homebuyer wondering how to buy a house in Alaska, MoneyGeek broke down the steps to help you navigate and manage the process without falling into crippling debt. Our analysis includes understanding mortgage rates, choosing the best location and the importance of home inspection.