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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 8,068 people, 3,285 houses or apartments, and a median cost of homes of $395,660, 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 38.43% of the city's housing units. Other types of housing that are prevalent in Ketchikan include large apartment complexes or high rise apartments ( 27.15%), duplexes, homes converted to apartments or other small apartment buildings ( 25.83%), and a few row houses and other attached homes ( 5.82%).

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 ( 28.55%). A lesser amount of the housing stock also hails from before 1939 ( 17.34%). There's also some housing in Ketchikan built between 2000 and later ( 5.31%).

Vacant housing appears to be an issue in Ketchikan. Fully 16.50% 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 5.15%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ketchikan's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Ketchikan's appreciation rate has been 0.43%, which annualizes to a rate of 1.75%.

Relative to Alaska, our data show that Ketchikan'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 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

$395,660

Ketchikan, AK Home Prices
> $1,261,000
$946,001 - $1,261,000
$631,001 - $946,000
$505,001 - $631,000
$378,001 - $505,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
2.0%
2.0%
1.1%
1.1%
10.4%
10.4%
18.0%
18.0%
19.3%
19.3%
23.9%
23.9%
13.9%
13.9%
5.9%
5.9%
5.4%
5.4%
0% 100.0%
% of Homes
High

for Alaska

High

for nation

Number of Homes And Apartments:

3,285

Ketchikan Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,047 / per month

Homeownership Rate

Owners
Renters
54.2%
54.2%
45.8%
45.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.5%
16.5%
83.5%
83.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.3%
5.3%
48.8%
48.8%
28.5%
28.5%
17.3%
17.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.4%
38.4%
5.8%
5.8%
25.8%
25.8%
27.1%
27.1%
2.8%
2.8%
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
6.5%
6.5%
16.5%
16.5%
35.0%
35.0%
27.7%
27.7%
11.1%
11.1%
3.2%
3.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Ketchikan

Popular Communities Near Ketchikan, AK

Zip Codes in Ketchikan, AK