Soldotna, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Soldotna, 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 Q2 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

Soldotna Housing Market Information

With 4,544 people, 1,638 houses or apartments, and a median cost of homes of $250,028, Soldotna real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Soldotna, accounting for 65.97% of the city's housing units. Other types of housing that are prevalent in Soldotna include duplexes, homes converted to apartments or other small apartment buildings ( 14.53%), large apartment complexes or high rise apartments ( 13.20%), and a few mobile homes or trailers ( 3.92%).

The most prevalent building size and type in Soldotna are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.42% owning and 41.58% renting.

There is a lot of housing in Soldotna 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 Soldotna built between 2000 and later ( 16.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.14%).

Soldotna Home Appreciation Rates

In the last 10 years, Soldotna has experienced some of the highest home appreciation rates of any community in the nation. Soldotna real estate appreciated 18.66% over the last ten years, which is an average annual home appreciation rate of 1.73%, putting Soldotna in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Soldotna 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, Soldotna appreciation rates have trailed the rest of the nation. In the last twelve months, Soldotna's appreciation rate has been -1.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Soldotna were at 1.94%, which equates to an annual appreciation rate of 8.00%.

Relative to Alaska, our data show that Soldotna's latest annual appreciation rate is lower than 90% of the other cities and towns in Alaska.

Average Home Values

 

Median Home Value:
$250,028

Soldotna, AK HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$543,001 - $815,000 0.5
$435,001 - $543,000 8.9
$326,001 - $435,000 18.7
$217,001 - $326,000 35.7
$108,001 - $217,000 27.4
$54,001 - $108,000 4.9
$0 - $54,000 4.0

High for AK
High for Nation

Value Relative to Nation Value Relative to State
23.5376778499912 27.4193548387097

Number Of Homes And Apartments:
1,638

Soldotna Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
70.13% 3.08% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,521 / per month

Homeownership Rate

Homeownership
Owners 58.42
Renters 41.58
Vacant 9.50

Housing Market Details

 

Age of Homes

AGE OF Soldotna HOMES
2000 or Newer 16.8
1970 - 1999 68.1
1940 - 1969 15.1
1939 or Older 0.0

Types of Homes

TYPE OF Soldotna HOMES
Single-Family 66.0
Townhomes 2.4
Small Apt. Buildings 14.5
Apt. Complexes 13.2
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Soldotna HOMES
No Bedroom 3.15
1 Bedroom 10.99
2 Bedrooms 26.46
3 Bedrooms 41.82
4 Bedrooms 11.93
5 or more bedrooms 5.64

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Zip Codes in Soldotna, AK