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Kenai Peninsula Shows Solid Rank in Housing Market

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Recent study findings by the online data resource SmartAsset.com shows the Kenai Peninsula holding a healthy housing market.

 

The findings showed that this area ranked 1507 nationally for market stability based off of data from the 2012 U.S. Census and the home finder site Zillow.com.

 

The methodology used the average number of years residents stayed in a home, which was 14.6, versus the average homes with negative equity in the area which was 9.7 percent.

 

As far as affordability, the study determined the average percentage of household income based on the monthly cost of owning a home.

 

Sterling was ranked second in the State of Alaska with an average of monthly payments constituting 19.1 percent of household incomes and ranked 84.3 on the affordability index.

 

Kenai was ranked fourth, the monthly costs of home ownership averaging 20.7 percent and ranking overall at 78.8 on the affordability index.

 

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