4 Most Reasonably priced Locations to Reside in Alaska in 2023

“The Final Frontier,” Alaska, is outlined by its unparalleled pure magnificence. From the Denali Nationwide Park, and colourful Northern Lights, to Glacier Bay Nationwide Park and out of doors actions like fishing, mountaineering, and wildlife viewing create a one-of-a-kind state. In case you’ve been contemplating transferring to Alaska or are hoping to purchase your first house there, you additionally most likely have a price range you’d like to remain underneath as you search for a spot to stay. As of August, the median house sale value in Alaska is $382,700. 

If that value is out of your price range, don’t fear. We’ve bought choices that can assist you discover a house. Redfin has collected an inventory of the 4 most reasonably priced locations to stay in Alaska. And so they all have a median house sale value underneath $382,700. From Kodiak to Fairbanks, learn on to see what cities you might wish to contemplate transferring to.

#1: Kodiak

Median house value: $170,000 
Common sale value per sq. foot: $265 
Median family revenue: $67,391 
Nearest main metro: Anchorage (415 miles)
Kodiak, AK properties on the market
Kodiak, AK residences for lease

With a median house sale value of $170,000, Kodiak takes the primary spot on our checklist of reasonably priced locations to stay in Alaska. It’s the primary metropolis on Kodiak Island which has six different small communities. About 5,900 folks stay in Kodiak and is roughly 415 miles from the closest metropolitan metropolis, Anchorage. Dwelling in Kodiak, you may hike the South Finish Path, discover the Kodiak Historical past Museum and the Alutiiq Museum, take the ferry to Port Lions, and take a look at Fort Abercrombie State Historic Park.

#2: Nikiski

Median house value: $285,000 
Common sale value per sq. foot: $199 
Nearest main metro: Anchorage (170 miles)
Nikiski, AK properties on the market
Nikiski, AK residences for lease

Coming in because the second most reasonably priced metropolis to stay in Alaska is Nikiski, positioned on the Kenai Peninsula. It’s about 170 miles southwest of Anchorage, the closest main metropolis. When dwelling on this city of 4,500 folks, you may discover the East Foreland Lighthouse Reserve, take within the views of Cook dinner Inlet at Captain Cook dinner State Recreation Space, and picnic at Stormy Lake.

#3: Fairbanks

Median house value: $299,900 
Common sale value per sq. foot: $143 
Common lease for a 1-bedroom house: $1,350 
Median family revenue: $66,572 
Fairbanks, AK properties on the market
Fairbanks, AK residences for lease

Subsequent is the town of Fairbanks, which has about 31,500 residents and is the second largest metropolis in Alaska. The median house sale value is $299,900 which is about $80K lower than the median house sale value within the state. If you end up transferring to the third most reasonably priced place in Alaska, discover downtown Fairbanks the place you’ll discover eating places and museums like Fairbanks Ice Museum, take a look at Wedgewood Wildlife Sanctuary, and spend the day at Pioneer Park. 

#4: Kenai

Median house value: $306,000 
Common sale value per sq. foot: $176 
Nearest main metro: Anchorage (160 miles)
Kenai, AK properties on the market
Kenai, AK residences for lease

Just a little costlier than Fairbanks is the town of Kenai, additionally positioned on the Kenai Peninsula simply south of Nikiski. About 7,800 folks stay in Kenai, the place there are many distinctive actions to do. You should definitely take within the surroundings at Kenai Seaside, hike Meek’s Path, discover the quaint downtown, or make a journey to the close by Kenai Fjords Nationwide Park.

Methodology: All cities will need to have over 4,000 residents per the US Census and have a median house sale value underneath the common median house sale value in Alaska. Median house sale value and median sale value per sq. foot from the Redfin Knowledge Middle throughout August 2023. Common rental information from Rent.com August 2023. Inhabitants and median family revenue information sourced from the United States Census Bureau.