Juneau AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Juneau, AK Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Juneau Housing Market Information

With 32,113 people, 12,521 houses or apartments, and a median cost of homes of $370,883, Juneau house prices are not only among the most expensive in Alaska, Juneau real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Juneau, accounting for 47.67% of the city's housing units. Other types of housing that are prevalent in Juneau include large apartment complexes or high rise apartments ( 19.44%), row houses and other attached homes ( 13.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.76%).

The most prevalent building size and type in Juneau are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.76% owning and 37.24% renting.

There is a lot of housing in Juneau 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 Juneau built between 1940-1969 ( 17.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.31%). There's also some housing in Juneau built before 1939 ( 6.42%).

Juneau Home Appreciation Rates

Appreciation rates for homes in Juneau have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.39%, which ranks in the top 30% nationwide. This equates to an annual average Juneau house appreciation rate of 3.52%.

Appreciation rates are so strong in Juneau that despite a nationwide downturn in the housing market, Juneau real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Juneau appreciation rates continue to be some of the highest in America, at 8.24%, which is higher than appreciation rates in 86.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Juneau. Juneau appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.04%.

Importantly, NeighborhoodScout’s exclusive research found that Juneau's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Alaska, our data show that Juneau's latest annual appreciation rate is higher than 60% of the other cities and towns in Alaska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Juneau differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Juneau - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Juneau real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$370,883

Juneau, AK HOME PRICES

Value Range
> $1,153,000 0.6
$865,001 - $1,153,000 1.3
$576,001 - $865,000 11.1
$462,001 - $576,000 18.3
$346,001 - $462,000 31.3
$230,001 - $346,000 22.2
$115,001 - $230,000 6.8
$58,001 - $115,000 2.8
$0 - $58,000 5.5

Very High for AK
Very High for Nation

Value Relative to Nation Value Relative to State
14.178102189781 9.375

Number Of Homes And Apartments:
12,521

Juneau Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
95.43% 3.36%
7
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 62.76
Renters 37.24
Vacant 7.84

Housing Market Details

 

Age of Homes

AGE OF Juneau HOMES
2000 or Newer 12.3
1970 - 1999 64.2
1940 - 1969 17.0
1939 or Older 6.4

Types of Homes

TYPE OF Juneau HOMES
Single-Family 47.7
Townhomes 13.7
Small Apt. Buildings 12.8
Apt. Complexes 19.4
Mobile Homes 6.2
Other 0.2

Home Size

SIZE OF Juneau HOMES
No Bedroom 3.67
1 Bedroom 13.79
2 Bedrooms 28.93
3 Bedrooms 37.55
4 Bedrooms 12.64
5 or more bedrooms 3.42

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Zip Codes in Juneau, AK