Real Estate Investing in Ketchikan, Alaska (99901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99901 (Ketchikan, AK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ketchikan, AK (99901)?
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Market Analysis: 99901 Ketchikan
ZIP 99901 inside Ketchikan Gateway Borough looks affordable on the surface — median value of $409K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $409K asset, 99901 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 99901 offers a low basis, the region around Ketchikan has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 99901 ZIP's population of 13,875 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Experienced landlords with local relationships tend to find 99901 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ketchikan:
Property Strategy for 99901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $122,917 | $1,240 | 7.3% | +1.5% | $122,917 |
| 2BR | $282,683 | $1,630 | 4.2% | +4.4% | $141,341 |
| 3BR | $424,460 | $2,270 | 3.9% | +3.6% | $141,487 |
| 4BR | $497,099 | $2,730 | 4.0% | +3.8% | $124,275 |
| 5BR | $542,804 | — | — | +3.9% | $108,561 |
Market Trends
Home Value History (with trend line)
📊 How Does 99901 Compare?
| Metric | 99901 | Ketchikan | Ketchikan, AK | Alaska |
|---|---|---|---|---|
| Home Value | $408,891 | $408,891 | N/A | $378,640 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 3.6% |
| Avg Rent | $1,467 | $1,467 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99901 (Ketchikan, AK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $408,891 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 99901
Population: 13,875
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 99901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is real estate in Ketchikan, AK a good investment right now?
Ketchikan, AK scores 3.0/5 for investability. Home values sit at $409K and rents near $1,467/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How expensive is real estate in Ketchikan, AK?
The median home value in Ketchikan, AK is roughly $409K. That puts it reasonable relative to the AK statewide average.
What is the rental occupancy rate in Ketchikan, AK?
Occupancy in Ketchikan, AK runs consistent with elevated vacancy. Well-priced units at $1,467/mo lease on reasonable timelines.
Does a duplex house hack pencil in Ketchikan, AK?
For house hackers, Ketchikan, AK is a challenging. The $1,467/mo rent on a unit helps defray the mortgage on a $409K property.
What do landlords charge for rent in Ketchikan, AK?
Expect rents around $1,467/mo per month in Ketchikan, AK. With home values at $409K, the yield math works out to reasonable levels for rental investors.
You know 99901 now. You don’t know where it ranks.
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