Big Lake, AK Real Estate & Homes For Sale

Find Real Estate Listings In Big Lake

Open House Listings In Big Lake

New Listings In Big Lake

The best places in Alaska

Here are the best places to live in Alaska

Check out the 10 safest cities in Alaska

These are the 10 most affordable cities in Alaska

10 Best cities in Alaska for employment

Big Lake Real Estate Market Facts

$195,600Median home price
24% lower than Alaska
$1,038Median rent asked
12% lower than Alaska
78.4%Home owners
23% higher than Alaska
2.9People per home
4% higher than Alaska

Above is a snapshot look at the real estate market in Big Lake, AK. In Big Lake, AK, the median house price is $195,600, making the price 24% lower than that the average for Alaska. Therefore, the affordability of Big Lake, AK area real estate is more affordable than the real estate in other areas of Alaska. In addition, Big Lake, AK has a median rent price of $1,038; this price is 12% lower than that the average rental price for Alaska. 78.4% of residents in Big Lake, AK are homeowners, and the average amount of people who reside in each home is 2.9. Big Lake, AK has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Big Lake, AK real estate for sale.

Big Lake Home Affordability

$195,600Median home price
24% lower than Alaska
$68,875Median home income
7% lower than Alaska
2.8xHome price to income ratio
18% lower than Alaska

When looking for real estate in Big Lake, AK, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Big Lake, AK, the median price of a home is $195,600 and $68,875 is the median household income. This means that the home price to income ratio is 2.8x, a ratio that is 18% lower than the average in Alaska. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Big Lake, AK will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Big Lake, AK.

Big Lake Affordability Calculator

You can afford a home up to:

Debt-to-income ratio

Monthly income breakdown

Monthly income
Monthly payment
Debt payment
Income taxes
Remainder

Before beginning your real estate search in Big Lake, AK, you can target your search for the perfect home with the help of the home affordability calculator. Using the home affordability calculator you can figure out exactly how much you can spend on your new home in Big Lake, AK. The home affordability calculator takes into account your gross income, debts, and the amount of the down payment that you have available to put towards your new home. The calculator even allows you to calculate financial details like length of mortgage term, mortgage rate, property taxes, and HOA dues to determine your budget. With such a detailed and customized estimate of what homes you can afford in Big Lake, AK, this can prevent you from making an emotional investment in a home that is out of your price range. The home affordability calculator gives you the opportunity to accurately plan your total budget for housing, living expenses, and how much money you will have left to put aside for savings.

Big Lake Mortgage Calculator

Your monthly payment will be:

Monthly payment breakdown

Monthly payment
Mortgage
PMI fees
Property tax
Home insurance
HOA dues

If I buy real estate in Big Lake, AK, how much will I have to pay per month? A number of factors can affect the size of monthly payments involved in a home purchase. Naturally, the cost of the home is the main factor. Beyond the price, however, you will also have to look at the loan term, down payment, interest rate, home insurance and property taxes as well as HOA dues and PMI, or private mortgage insurance. Of course, for homeowners who can put at least 20 percent on a down payment, PMI payments would not exist. Details like these are presets in the mortgage calculator, and adjustments can be made to ensure the accuracy of monthly payment estimates. Just remember that the DTI, or debt-to-income ratio, should generally be kept at or below 36 percent. In other words, you are paying 36 percent or less of your monthly income towards all of your debts.

Big Lake Demographics

3,552Population
31People / sq mile
39.6Median age
1.0:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Point MacKenzie, AK	600	$129,200	30%
Houston, AK	2,028	$175,200	5%
Meadow Lakes, AK	7,694	$220,300	19%
Knik-Fairview, AK	17,038	$230,500	25%
Big Lake, AK	3,552	$195,600	6%

Cities with similar population

City, State	Population	Home Price	National Avg.
Colonial Beach, VA	3,552	$249,300	35%
Wilkesboro, NC	3,552	$168,300	9%
South Nyack, NY	3,551	$450,300	144%
Verona, VA	3,551	$153,500	17%
Meridian, PA	3,554	$176,300	5%
Big Lake, AK	3,552	$195,600	6%

Source: The Big Lake, AK housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).