Bank-Owned Homes A Good Investment in Anchorage, AK

by Andrew Goodwin on March 25, 2012

Bank Foreclosures In Anchorage Borough

If you are not afraid of the cool to cold weather that is found in the state of Alaska, and you enjoy being in an area where mountains and wildlife abound with plenty or natural beauty and water around the Pacific Coast’s subarctic, you might find it exciting to move to Anchorage Borough. This borough is the northernmost large city in the US, and often takes people from the lower 48 states by surprise that it is a cosmopolitan city.

The population of Anchorage is around 290,000 which is just a bit smaller than Pittsburgh or Cincinnati, but somewhat larger than St. Paul or Buffalo. There are a few universities in Anchorage, and is home to a thriving performing arts culture with many of the finest parks existing on the western coast, and is an astoundingly beautiful place to live.

Anchorage isn’t necessarily the cheapest place to buy a home, but there are some very affordable housing on the market here thanks to Anchorage borough foreclosures. There are currently 477 foreclosures on the market in Anchorage borough (which includes the city of Anchorage as well as a large stretch of unincorporated areas along the Alaskan coast) and many of these bank foreclosures are available for a fraction of their true market value.

Property Available in the Kenai Peninsula

Homer and Kenai are the largest two cities in Kenai Peninsula Borough. The next city in size is Soldotna which is the Borough Seat. It has a total 24,800 square miles with one-third being water. Tourist attractions for summers are Alaska Maritime National Wildlife Refuge, Katmai National Park and Preserve, and Kenai Fjords National Park. According to the 2000 census, Kenai Peninsula Borough has a population of around 49,621 with the median age being around 36 and $20,949 as the per capita income.

When this article was written, Kenai Peninsula Borough foreclosures numbered 36, which is the number provided by which is a foreclosure listings website. This number reflects the REO situation which provides enormous opportunity for those looking for cheap homes to compare features.

The Kenai Peninsula Borough has 44 public schools which included 9,148 students during the 2010 through 2011 school year. Parents looking for great schools for their children will be impressed to know that the teacher/student ratio is under 1:3. University of Alaska at Anchorage guides the Kenai Peninsula Community College which offers courses for students wishing to gain fishing skills and enter the tourist industry as fishing guides. Civil service, tourism, city government and local schools provide the bulk of employment in the area.

For more information on foreclosures, visit my foreclosure blog where you can find the various types of foreclosure sales, and tips on buying cheap homes and/or bank owned homes.

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