Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,673, 1,304 total housing units (homes and apartments), and a median house value of $210,597, Big Lake real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Big Lake, accounting for 92.74% of the town's housing units. Other types of housing that are prevalent in Big Lake include duplexes, homes converted to apartments or other small apartment buildings ( 3.43%), mobile homes or trailers ( 2.15%).
Dwellings in Big Lake tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 65.69% of the homes in Big Lake have two or fewer bedrooms.
There is a lot of housing in Big Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Big Lake built between 2000 and later ( 26.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.59%).
A decent proportion of the Big Lake housing stock is seasonally occupied. That is, homes and condos in Big Lake are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Big Lake housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Big Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.67%, which ranks in the top 40% nationwide. This equates to an annual average Big Lake house appreciation rate of 0.74%.
Over the last year, Big Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Big Lake's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Big Lake were at -0.72%, which equates to an annual appreciation rate of -2.86%.
Notably, Big Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alaska, our data show that Big Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Alaska.
|$804,001 - $1,072,000||0.4|
|$536,001 - $804,000||2.2|
|$429,001 - $536,000||6.7|
|$322,001 - $429,000||13.6|
|$214,001 - $322,000||26.2|
|$107,001 - $214,000||33.2|
|$53,001 - $107,000||9.5|
|$0 - $53,000||6.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Big Lake HOMES|
|2000 or Newer||26.6|
|1970 - 1999||60.2|
|1940 - 1969||12.6|
|1939 or Older||0.6|
|TYPE OF Big Lake HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Big Lake HOMES|
|5 or more bedrooms||1.75|