Similar to its surrounding areas, it is somewhat more expensive compared to the entire nation. Compared to the city of Anchorage however, it's a bit less expensive.
Home prices
The median home in Lakes is valued at $277,400. In comparison to nearby areas this is is very similar.Compared to the rest of the nation it is about $59,900 (27%) higher, and it is roughly $37,400 (11%) lower compared to the city of Anchorage.
Rents
In Lakes the median rent is $1,236 per month. This is roughly $136 (12%) higher in comparison to the surrounding areas.Compared to the US as a whole it is approximately $174 (16%) higher, and it is approximately $84 (6%) lower compared to the city of Anchorage.
Nearby places
Gateway
Gateway is Lakes's neighbor to the southeast. Its housing prices are a bit more expensive. Gateway's median home cost is $321,100, which works out to $43,700 (13%) higher than Lakes. Rents there are a bit less expensive. The median rent in Gateway is $1,117 per month, which works out to $119 (10%) lower than Lakes.
Tanaina
Tanaina is Lakes's neighbor to the northwest. The real estate prices there are a little less expensive. The median home in Tanaina is valued at $257,100, which works out to $20,300 (7%) lower than Lakes. The rent there is fairly similar. In Tanaina the median rent is $1,200 per month, which comes out to $36 (3%) lower than Lakes.
Fishhook
Fishhook is Lakes's neighbor to the north. Housing prices there are a little more expensive. The cost of the median home in Fishhook is $311,600, which is $34,200 (10%) higher than Lakes. Rent there is somewhat less expensive. Fishhook's median rent is $1,127 a month, which works out to $109 (9%) lower than Lakes.
Wasilla
Wasilla is Lakes's neighbor to the west. Its housing prices are a bit less expensive. The value of the median home in Wasilla is $243,400, which is $34,000 (13%) lower than Lakes. Rents there are somewhat less expensive. In Wasilla the median rent is $1,083 per month, which is $153 (14%) lower than Lakes.
Farm Loop
Farm Loop is about 4 miles east of Lakes. Its housing prices are a bit less expensive. The value of the median home in Farm Loop is $263,000, which comes out to $14,400 (5%) lower than Lakes. The rent there is a bit less expensive. The median rent in Farm Loop is $975 a month, which is $261 (26%) lower than Lakes.
