Ketchikan, AK Foreclosures
How much do homes sell for in Ketchikan, AK?
The average home price is currently $427,944.
In Ketchikan, AK, how many homes are available?
There are currently 3 active home listings available in Ketchikan.
What’s the average rental cost in Ketchikan, AK?
The average rental price in Ketchikan is $1,844.
What is the most expensive home in Ketchikan?
The most expensive home sold in Ketchikan had a price of $4,043,200.
What is currently the cheapest priced home in Ketchikan, AK?
The cheapest home for sale in Ketchikan is priced at $21,600.
Living in Ketchikan, AK
Ketchikan, often referred to as the 'Salmon Capital of the World,' is a vibrant coastal community located in southeastern Alaska. Known for its stunning natural beauty, rich Native culture, and as a gateway to the Inside Passage, Ketchikan offers residents a unique blend of outdoor adventure and small-town charm. The city is characterized by its colorful timbered buildings and bustling waterfront, making it a picturesque place to live.
Current Market Conditions in Ketchikan, AK
The real estate market in Ketchikan is currently experiencing a period of moderate growth. With a strong demand for single-family homes, particularly those that are waterfront or have views of the surrounding forested mountains, prices have steadily risen. The local economy, largely driven by tourism, fishing, and timber industries, remains robust, attracting both investors and new homebuyers to the area.
In recent months, new listings have increased, giving potential buyers more options compared to previous years. However, the inventory remains limited, particularly for homes in desirable locations. The rental market is also thriving, with many visitors looking for vacation rentals, making it lucrative for property owners.
Home Value Estimator For Ketchikan, AK
There are currently 4,143 real estate properties
in Ketchikan, AK,
with a median automated valuation model (AVM) price
of $405,990.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ketchikan, AK, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ketchikan, AK,
is $427,944.00, with the most expensive house
in Ketchikan, AK, topping out
at $4,043,200.00 and the cheapest home
in Ketchikan, AK,
clocking in at $21,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ketchikan, AK!
Rent Prices
In Ketchikan, AK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ketchikan, AK, is on
a rollercoaster ride. The
average rent price in Ketchikan, AK,
is $1,844.00. Indeed, when looking to rent in
Ketchikan, AK, you can expect to pay as little
as $760.00 or as much
as $3,640.00,
with the average rent median estimated to
be $1,820.00. The good news is that finding
an affordable and desirable property to rent in Ketchikan, AK
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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