Similar to other places in this area, it's a little more expensive compared to the rest of the nation. However it is somewhat less expensive compared to the city of Anchorage.
Home prices
The median home in Butte is valued at $254,400. This is approximately $4,980 (1%) higher compared to other places in this area.It is roughly $36,900 (16%) higher compared to the entire country, and compared to the city of Anchorage it is approximately $60,400 (19%) lower.
Rents
In Butte the median rent is $1,219 a month. It is approximately $230 (23%) higher in comparison to nearby areas.Compared to the entire country it is roughly $157 (14%) higher, and compared to the city of Anchorage it is about $101 (7%) lower.
Nearby places
Knik River
Knik River is Butte's neighbor to the southeast. Its real estate prices are a bit less expensive. The median home in Knik River is valued at $196,100, which is $58,300 (29%) lower than Butte. Rent there is substantially less expensive. Knik River's median rent is $846 per month, which is $373 (44%) lower than Butte.
Lazy Mountain
Lazy Mountain is Butte's neighbor to the northeast. Real estate prices there are pretty similar. Lazy Mountain's median home cost is $259,700, which comes out to $5,300 (2%) higher than Butte. Rent there is somewhat less expensive. In Lazy Mountain the median rent is $1,033 a month, which is $186 (18%) lower than Butte.
Palmer
Palmer is about 3 miles northwest of Butte. Its housing prices are a bit less expensive. Palmer's median home cost is $207,200, which works out to $47,200 (22%) lower than Butte. Rent there is a bit less expensive. In Palmer the median rent is $976 a month, which works out to $243 (24%) lower than Butte.
Farm Loop
Farm Loop is roughly 5 miles northwest of Butte. The real estate prices there are similar. The median home in Farm Loop is valued at $263,000, which is $8,600 (3%) higher than Butte. Its rents are a bit less expensive. The median rent in Farm Loop is $975 a month, which works out to $244 (25%) lower than Butte.
Gateway
Gateway is roughly 6 miles west of Butte. Its real estate prices are a little more expensive. The median home in Gateway costs $321,100, which works out to $66,700 (20%) higher than Butte. Its rents are a bit less expensive. In Gateway the median rent is $1,117 per month, which is $102 (9%) lower than Butte.
