Juneau is a lucrative real estate market right now. Its economy is not only dependent on resource extraction. Its population expands by about 6,000 people every day during the summer when the cruise ships come in.
Juneau presents the perfect mix of city activities with a rural lifestyle. It has a booming nightlife, there are plenty of restaurants, and you can always spot a music festival.
The median home value in the state capital is $384,100. It observed a decline of 0.8% between 2017 and 2018. This is expected to recover slightly this year. However, as the state’s economy starts to rebound, investors can expect higher profits in the years ahead.
Home values have been dipping in this city for years. However, a steady jobs forecast is also believed to help its housing sector. The oil industry employment in the state capital fastened last year after crushing job losses over the past decade. This has resulted in an increasingly robust housing sector with new development projects continuously springing up.
Median home values in the state’s largest city are $331,000. They declined by 2.3% from 2017 to 2018, and they are advancing to slide by about 1% this year. However, the Anchorage real estate market has a small supply of homes compared to what is a growing demand as jobs return to the city.