Sitka, AK


Highest Appreciating Sitka Neighborhoods Since 2000

Sitka, AK Real Estate Data

Sitka Housing Market Information

With 8,863 people, 3,472 houses or apartments, and a median cost of homes of $348,176, Sitka house prices are not only among the most expensive in Alaska, Sitka 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 Sitka, accounting for 51.32% of the city's housing units. Other types of housing that are prevalent in Sitka include duplexes, homes converted to apartments or other small apartment buildings ( 22.07%), mobile homes or trailers ( 10.08%), and a few large apartment complexes or high rise apartments ( 9.59%).

People in Sitka primarily live in small (one, two or no bedroom) single-family detached homes. Sitka has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sitka 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 Sitka built between 1940-1969 ( 22.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.72%). There's also some housing in Sitka built before 1939 ( 4.37%).

Vacant housing appears to be an issue in Sitka. Fully 15.71% of the housing stock is classified as vacant. Left unchecked, vacant Sitka homes and apartments can be a drag on the real estate market, holding Sitka 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.

Sitka Home Appreciation Rates

Appreciation rates for homes in Sitka have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.97%, which ranks in the top 40% nationwide. This equates to an annual average Sitka house appreciation rate of 0.58%.

Over the last year, Sitka appreciation rates have trailed the rest of the nation. In the last twelve months, Sitka's appreciation rate has been -1.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sitka were at -1.47%, which equates to an annual appreciation rate of -5.77%.

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

Relative to Alaska, our data show that Sitka's latest annual appreciation rate is lower than 80% of the other cities and towns in Alaska.

Average Home Values


Median Home Value:


Value Range
> $1,081,000 0.9
$811,001 - $1,081,000 4.4
$541,001 - $811,000 9.8
$432,001 - $541,000 13.7
$324,001 - $432,000 31.0
$216,001 - $324,000 19.5
$108,001 - $216,000 8.6
$54,001 - $108,000 4.0
$0 - $54,000 7.2

Very High for AK
Very High for Nation

Value Relative to Nation Value Relative to State
12.059064807219 4.91803278688525

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,487 / per month

Homeownership Rate

Owners 57.15
Renters 42.85
Vacant 15.71

Housing Market Details


Age of Homes

2000 or Newer 12.7
1970 - 1999 60.5
1940 - 1969 22.4
1939 or Older 4.4

Types of Homes

Single-Family 51.3
Townhomes 6.4
Small Apt. Buildings 22.1
Apt. Complexes 9.6
Mobile Homes 10.1
Other 0.5

Home Size

No Bedroom 6.53
1 Bedroom 12.79
2 Bedrooms 30.25
3 Bedrooms 34.47
4 Bedrooms 13.13
5 or more bedrooms 2.82

Sitka Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
69.84% 3.12% 5 8
* 10 is highest

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Zip Codes in Sitka, AK