Meadow Lakes, Alaska Real Estate & Housing Market

Meadow Lakes, AK Listings

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Meadow Lakes Housing Information

Index	Meadow Lakes	Alaska	National
Median home price	$220,300	$257,100	$184,700
Median rent asked	$990	$1,173	$949
Avg. people per household	2.9	2.8	2.6
Owner occupied households	74.1%	63.7%	63.6%
Renter occupied households	25.9%	36.3%	36.4%

Above, you'll find an overview of the real estate market in Meadow Lakes, AK. Generally, real estate in the Meadow Lakes, AK area is more affordable in Alaska, as the median price of a home in Meadow Lakes, AK is $220,300, which is 14% lower than the Alaska average. The median rental price in Meadow Lakes, AK is $990. This is 16% lower than the average rental price in Alaska. Home owners comprise 74.1% of the population of Meadow Lakes, AK, where an average of 2.9 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Meadow Lakes, AK. Below, you can search for real estate listings in Meadow Lakes, AK using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Meadow Lakes Home Affordability

When searching for real estate in Meadow Lakes, AK, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Meadow Lakes, AK, the median house price is $220,300, while the median income for households in the area is $60,625. Therefore, the ratio of house price to income is 3.6x; this ratio is 5% higher than the average in Alaska. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Meadow Lakes, AK.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Willow, AK	2,081	$150,300	19%
Houston, AK	2,028	$175,200	5%
Palmer, AK	6,572	$194,100	5%
Big Lake, AK	3,552	$195,600	6%
Knik-Fairview, AK	17,038	$230,500	25%
Meadow Lakes, AK	7,694	$220,300	19%

Cities with similar population

City, State	Population	Home Price	National Avg.
Oakdale, LA	7,693	$62,400	66%
Butner, NC	7,692	$127,200	31%
Long Branch, VA	7,692	$593,200	221%
Sandpoint, ID	7,698	$191,100	3%
Ormond-by-the-Sea, FL	7,690	$164,200	11%
Meadow Lakes, AK	7,694	$220,300	19%

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