Kodiak, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kodiak Neighborhoods Since 2000




Kodiak, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Kodiak Housing Market Information

With 6,253 people, 2,001 houses or apartments, and a median cost of homes of $273,474, Kodiak real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kodiak, accounting for 48.98% of the city's housing units. Other types of housing that are prevalent in Kodiak include large apartment complexes or high rise apartments ( 25.64%), duplexes, homes converted to apartments or other small apartment buildings ( 19.49%), and a few mobile homes or trailers ( 3.84%).

The most prevalent building size and type in Kodiak are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.24% owning and 43.76% renting.

There is a lot of housing in Kodiak 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 Kodiak built between 1940-1969 ( 38.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.66%). There's also some housing in Kodiak built before 1939 ( 1.31%).

Kodiak Home Appreciation Rates

In the last 10 years, Kodiak has experienced some of the highest home appreciation rates of any community in the nation. Kodiak real estate appreciated 34.04% over the last ten years, which is an average annual home appreciation rate of 2.97%, putting Kodiak in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kodiak definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Kodiak appreciation rates have trailed the rest of the nation. In the last twelve months, Kodiak's appreciation rate has been 0.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kodiak were at -0.48%, which equates to an annual appreciation rate of -1.91%.

Relative to Alaska, our data show that Kodiak'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 Kodiak differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kodiak - 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 Kodiak real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,474

Kodiak, AK HOME PRICES

Value Range
> $1,078,000 0.0
$809,001 - $1,078,000 1.8
$539,001 - $809,000 4.1
$431,001 - $539,000 5.2
$324,001 - $431,000 21.5
$216,001 - $324,000 30.0
$108,001 - $216,000 26.9
$54,001 - $108,000 3.9
$0 - $54,000 6.7

Very High for AK
Very High for Nation

Value Relative to Nation Value Relative to State
19.2839564045471 16.3934426229508

Number Of Homes And Apartments:
2,001

Kodiak Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
87.32% 3.71% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,565 / per month

Homeownership Rate

Homeownership
Owners 56.24
Renters 43.76
Vacant 9.50

Housing Market Details

 

Age of Homes

AGE OF Kodiak HOMES
2000 or Newer 4.7
1970 - 1999 55.5
1940 - 1969 38.5
1939 or Older 1.3

Types of Homes

TYPE OF Kodiak HOMES
Single-Family 49.0
Townhomes 2.0
Small Apt. Buildings 19.5
Apt. Complexes 25.6
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Kodiak HOMES
No Bedroom 6.56
1 Bedroom 17.82
2 Bedrooms 23.34
3 Bedrooms 35.14
4 Bedrooms 13.25
5 or more bedrooms 3.89

Popular Communities Near Kodiak, AK

Zip Codes in Kodiak, AK