Gateway, Alaska Real Estate & Housing Market

Gateway, AK Listings

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Gateway Housing Information

Index	Gateway	Alaska	National
Median home price	$279,900	$257,100	$184,700
Median rent asked	$1,068	$1,173	$949
Avg. people per household	3.0	2.8	2.6
Owner occupied households	78.9%	63.7%	63.6%
Renter occupied households	21.1%	36.3%	36.4%

A general summary of the real estate market in Gateway, AK is listed above. Properties in Gateway, AK average a cost of $279,900, which is 9% higher than the median home price for real estate located in Alaska. This means that the region of Gateway, AK is, on average, less affordable when compared to the remainder of Alaska. Since tenants living in Gateway, AK will pay an average of $1,068, the median rental cost is 9% lower than in Alaska. 78.9% of people in Gateway, AK own their own homes, and an average of 3.0 people inhabit each property. Gateway, AK has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Gateway Home Affordability

When starting your search for real estate in Gateway, AK, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Gateway, AK costs $279,900 while each household has an average income of $91,538. Consequently, the ratio of home price to household income is 3.1x; this ratio is 11% lower than the average in Alaska. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Gateway, AK. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Gateway, AK.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Buffalo Soapstone, AK	836	$181,900	2%
Palmer, AK	6,572	$194,100	5%
Knik River, AK	757	$208,100	13%
Meadow Lakes, AK	7,694	$220,300	19%
Knik-Fairview, AK	17,038	$230,500	25%
Gateway, AK	6,061	$279,900	52%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lakeview, GA	6,061	$77,300	58%
Stewartville, MN	6,062	$157,900	15%
Fort Shawnee, OH	6,060	$125,700	32%
Twin Lakes, WI	6,059	$171,800	7%
Clearfield, PA	6,058	$77,700	58%
Gateway, AK	6,061	$279,900	52%

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