Big Lake, Alaska Real Estate & Housing Market

Big Lake, AK Listings

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Big Lake Housing Information

Index	Big Lake	Alaska	National
Median home price	$195,600	$257,100	$184,700
Median rent asked	$1,038	$1,173	$949
Avg. people per household	2.9	2.8	2.6
Owner occupied households	78.4%	63.7%	63.6%
Renter occupied households	21.6%	36.3%	36.4%

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

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.

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%
West End-Cobb Town, AL	3,550	$70,600	62%
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).