Ketchikan, AK Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ketchikan, AK Housing Market Trends

With a population of 8,192, 3,216 total housing units (homes and apartments), and a median house value of $304,357, 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 36.83% 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 ( 28.57%), large apartment complexes or high rise apartments ( 26.85%), and a few row houses and other attached homes ( 5.16%).

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 ( 29.21%). A lesser amount of the housing stock also hails from before 1939 ( 17.68%). There's also some housing in Ketchikan built between 2000 and later ( 6.11%).

Vacant housing appears to be an issue in Ketchikan. Fully 17.45% 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 Home Appreciation Rates

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 3.67%, which is lower than 70% 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 10.10%, 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 1.11%, which equates to an annual appreciation rate of 4.51%.

Notably, Ketchikan's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alaska, our data show that Ketchikan's latest annual appreciation rate is lower than 80% 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.

Average Home Values

 

Median Home Value:
$304,357

Ketchikan, AK HOME PRICES

> $1,185,000
$889,001 - $1,185,000
$593,001 - $889,000
$474,001 - $593,000
$355,001 - $474,000
$237,001 - $355,000
$119,001 - $237,000
$59,001 - $119,000
$0 - $59,000
1.0%
1.0%
0.3%
0.3%
3.8%
3.8%
11.4%
11.4%
20.0%
20.0%
31.1%
31.1%
19.4%
19.4%
8.0%
8.0%
5.1%
5.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for AK

Value Relative To Nation

Number Of Homes And Apartments:
3,216

Ketchikan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
112.05% 3.44%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,833 / per month

Homeownership Rate

Owners
Renters
Vacant
50.7%
50.7%
49.3%
49.3%
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.1%
6.1%
47.0%
47.0%
29.2%
29.2%
17.7%
17.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.8%
36.8%
5.2%
5.2%
28.6%
28.6%
26.8%
26.8%
2.6%
2.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.9%
6.9%
16.6%
16.6%
36.6%
36.6%
26.9%
26.9%
10.1%
10.1%
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Ketchikan

Popular Communities Near Ketchikan, AK

Zip Codes in Ketchikan, AK