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 about Scout's Real Estate Data
With 8,037 people, 3,270 houses or apartments, and a median cost of homes of $352,559, Ketchikan real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ketchikan, accounting for 38.05% of the city's housing units. Other types of housing that are prevalent in Ketchikan include duplexes, homes converted to apartments or other small apartment buildings ( 27.59%), large apartment complexes or high rise apartments ( 26.37%), and a few row houses and other attached homes ( 5.70%).
People in Ketchikan primarily live in small (one, two or no bedroom) single-family detached homes. Ketchikan has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Ketchikan 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 Ketchikan built between 1940-1969 ( 29.70%). A lesser amount of the housing stock also hails from before 1939 ( 16.87%). There's also some housing in Ketchikan built between 2000 and later ( 6.41%).
Vacant housing appears to be an issue in Ketchikan. Fully 16.77% of the housing stock is classified as vacant. Left unchecked, vacant Ketchikan homes and apartments can be a drag on the real estate market, holding Ketchikan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Ketchikan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ketchikan during the period has been just 4.51%, which is lower than 80% of US communities.
Over the last year, Ketchikan appreciation rates have trailed the rest of the nation. In the last twelve months, Ketchikan's appreciation rate has been 2.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ketchikan were at 3.98%, which equates to an annual appreciation rate of 16.87%.
Importantly, this makes Ketchikan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alaska, our data show that Ketchikan's latest annual appreciation rate is lower than 50% 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 Ketchikan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ketchikan - 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 Ketchikan real estate investment or home purchase decisions.
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