Wasilla, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wasilla, 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

Wasilla Housing Market Information

With 9,284 people, 2,946 houses or apartments, and a median cost of homes of $218,096, 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 52.40% 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 ( 26.00%), large apartment complexes or high rise apartments ( 15.28%), and a few row houses and other attached homes ( 5.42%).

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 54.72% owning and 45.28% 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 ( 39.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.05%).

Wasilla Home Appreciation Rates

Appreciation rates for homes in Wasilla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.86%, which ranks in the top 50% nationwide. This equates to an annual average Wasilla house appreciation rate of 0.28%.

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 2.11%, 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 0.90%, which equates to an annual appreciation rate of 3.64%.

Relative to Alaska, our data show that Wasilla's latest annual appreciation rate is higher 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:
$218,096

Wasilla, AK HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.0
$535,001 - $802,000 0.5
$428,001 - $535,000 1.9
$321,001 - $428,000 16.0
$214,001 - $321,000 40.8
$107,001 - $214,000 37.8
$54,001 - $107,000 0.9
$0 - $54,000 2.0

High for AK
High for Nation

Value Relative to Nation Value Relative to State
28.0675026368218 37.7049180327869

Number Of Homes And Apartments:
2,946

Wasilla 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
48.64% 2.32% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Homeownership
Owners 54.72
Renters 45.28
Vacant 9.77

Housing Market Details

 

Age of Homes

AGE OF Wasilla HOMES
2000 or Newer 39.6
1970 - 1999 58.4
1940 - 1969 2.1
1939 or Older 0.0

Types of Homes

TYPE OF Wasilla HOMES
Single-Family 52.4
Townhomes 5.4
Small Apt. Buildings 26.0
Apt. Complexes 15.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Wasilla HOMES
No Bedroom 1.90
1 Bedroom 11.24
2 Bedrooms 28.30
3 Bedrooms 43.15
4 Bedrooms 12.86
5 or more bedrooms 2.54