Right off the bat, one of the biggest perks of Alaska land is size. Alaska is big. How big? Alaska is bigger than 22 of America’s smallest states combined. If Alaska were its own country, it would be the 19th largest in the world. Do you want to know another good thing about Alaska? Less than 1% of Alaska is privately owned. That’s the smallest percentage in the United States. What does that mean? Alaska has land that is up for grabs. Keep reading to find out more.
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How Much of Alaska is Privately Owned?
If you’re worried about the part of Alaska that is privately owned, we’ll break it down for you. The federal government owns 65% of Alaska. The state of Alaska and the University of Alaska owns over 100 million acres. Native corporations own another 44 million acres that cannot be sold. That may sound like a lot of land taken, but the state is so vast. There is plenty of Alaska land for sale.
Where is the land that can be Bought?
Half of the Alaskan population has settled in the south-central part of the state. This specific area is located around Anchorage in the Matanuska-Susitna Valley. Most of the available land can be found here. One of the most significant benefits of the site is that it has the best access to transportation compared to other locations. A downside is that most of the land that comes up on the market is small, less than 200 acres. Any land larger than that is often reserved for agricultural use.
Are There Any Other Areas?
Those that want to walk on the wild side may be interested in the undeveloped homesteads in Alaska’s wilderness. However, access is often limited to rivers and winter trails. Fairbanks is the only city in the area that isn’t cut off from amenities. You can also find land through the state. They make land available through sealed-bid auctions.
What are the Benefits of Alaskan Land?
If you need a home, Alaska has you covered. There never seems to be a shortage of homes available there. Therefore, the housing market is also significantly strong. The perks keep adding up as the strong housing market makes things better for home buyers. A strong housing market means more choices. You can buy housing in urban, rural, or secluded areas.
Besides the perks of a strong housing market, Alaska also has a highly-rated educational system. That could be why the employment rates are also high. If you are okay with living in a less populated area, Alaska sounds like a great place to live.