Wasilla, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wasilla, AK Real Estate Data


Wasilla Housing Market Information

With a population of 9,284, 3,094 total housing units (homes and apartments), and a median house value of $229,133, Wasilla real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wasilla, accounting for 51.89% of the city's housing units. Other types of housing that are prevalent in Wasilla include duplexes, homes converted to apartments or other small apartment buildings ( 26.77%), large apartment complexes or high rise apartments ( 14.75%), and a few row houses and other attached homes ( 4.28%).

The most prevalent building size and type in Wasilla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.85% owning and 47.15% renting.

There is a lot of housing in Wasilla 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 Wasilla built between 2000 and later ( 39.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.73%).

Wasilla Home Appreciation Rates

Real estate appreciation rates in Wasilla's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.21% during the period.

Over the last year, Wasilla appreciation rates have trailed the rest of the nation. In the last twelve months, Wasilla's appreciation rate has been 1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wasilla were at 0.30%, which equates to an annual appreciation rate of 1.19%.

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

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

Average Home Values

 

Median Home Value:
$229,133

Wasilla, AK HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.1
$424,001 - $530,000 1.7
$318,001 - $424,000 14.6
$212,001 - $318,000 40.8
$106,001 - $212,000 39.9
$53,001 - $106,000 2.1
$0 - $53,000 0.8

High for AK
High for Nation

Value Relative to Nation Value Relative to State
26.7084382502782 39.6825396825397

Number Of Homes And Apartments:
3,094

Rent & Ownership

 

Average Market Rent:
$1,273 / per month

Homeownership Rate

Homeownership
Owners 52.85
Renters 47.15
Vacant 9.29

Housing Market Details

 

Age of Homes

AGE OF Wasilla HOMES
2000 or Newer 39.8
1970 - 1999 57.5
1940 - 1969 2.7
1939 or Older 0.0

Types of Homes

TYPE OF Wasilla HOMES
Single-Family 51.9
Townhomes 4.3
Small Apt. Buildings 26.8
Apt. Complexes 14.7
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Wasilla HOMES
No Bedroom 1.47
1 Bedroom 13.66
2 Bedrooms 29.70
3 Bedrooms 39.78
4 Bedrooms 12.78
5 or more bedrooms 2.61

Wasilla Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.63% 2.28% 1 6
* 10 is highest