Rent to own Homes in Knik-Fairview, AK
Knik-Fairview is one of the fastest growing areas in the state of Alaska. The small town's population nearly doubled from 2000 to 2010, going from 7,050 people to 14,923. Knik-Fairview is home to beautiful parks and rugged landscapes that attract campers and hikers. The town is located in the Anchorage Metropolitan Area, so residents are able to enjoy many modern amenities while living in a beautiful natural setting.
Knik-Fairview, AK is a great place for affordable rent-to-own homes! With a median household income of over $89,401 and a median rent of $1,372, the Knik-Fairview, AK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Knik-Fairview, AK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Top 6 Reasons to Live in Knik-Fairview, AK
Enjoy the beautiful outdoor setting! Knik-Fairview lies in a valley that is surrounded and shaped by three mountain ranges, including the Alaska Range. McKinley is located in the range, and residents of the city have outstanding views of snow-covered peaks. Residents can enjoy this outdoor setting by hiking on the nearby Tony Knowles Coastal Trail or the Thunderbird Falls Trail.
Affordable homes with a great view! As of 2012, property in Knik-Fairview was much lower than the average for the rest of the state, and the median home price was $207,100. Since the city lies along the Knik Arm, there are plenty of waterfront properties and rent to own homes in the area. For a great view, try the community near Territorial Drive or Lahti Circle.
Recreation and camping! Residents of the Knik-Fairview area are surrounded by thousands of acres of public and protected lands. The Denali National Park includes more than 325,000 acres that is open to the public. The landscape is dominated by the Kesugi and Curry Ridges, which run for 35 miles along the park's eastern edge. Residents can camp and hike in beautiful parks like Riverside Camper Park and Independence Mine State Historical Park.
Excellent angling makes for a lot of fish! Because the valley around Knik-Fairview was carved by retreating glaciers, the area is filled with lakes and rivers. Lucille Lake and Seymour Lake are just a few of the many in the area. Traditionally, Knik-Fairview has been the spawning grounds of sockeye, pink, coho and Chinook salmon.
Numerous rental opportunities! The median rent in Knik-Fairview is slightly higher than the rest of the state, but you'll get a lot for your money. In the city, nearly 16.5 percent of all properties are occupied by renters. If you're looking for rental homes or apartments, check out Tia Terrace Drive or Knik Goose Bay Road.
State parks galore! Around Knik-Fairview, there are more than 31 state parks that have a variety of amenities. The Big Lake North State Recreational Site provides access to Big Lake, which is also known as Alaska's Year-Round Playground. The lake provides excellent opportunities for fishing, wildlife viewing and water sports. During the winter, residents can go cross-country skiing or ice fishing in the park. At the Nancy Lake State Recreational Area, you can paddle along the canoe trails or camp in one of 13 rustic cabins.