If you're looking for innovative real estate investing opportunities, look no further than Juneau City and Borough, Alaska. With a population of just over 32,000 people, Juneau is the third most populous city in Alaska and the borough seat of the eponymous borough. The city is located on the Gastineau Channel in the Alaskan panhandle, about 3 hours by ferry from Seattle.
Juneau's real estate market has been on an upward trend in recent years, with median home prices rising from $265,000 in 2013 to $345,000 in 2018. The city's strong economy, fueled by tourism and fishing, has helped to drive this growth. And with Juneau being named one of "America's Most livable Cities" by Livability.com in 2018, it's no wonder that more and more people are looking to invest in this beautiful corner of Alaska.
There are a number of innovative real estate investing opportunities available in Juneau City and Borough. One such opportunity is short-term vacation rentals (STRs). With Juneau being a popular tourist destination – thanks to its stunning scenery and proximity to Glacier Bay National Park – there is a growing demand for STRs. If you're thinking of investing in an STR property in Juneau, be sure to do your research first and consult with a local expert to learn about the ins and outs of this type of investment.
Another opportunity for real estate investors in Juneau is student housing. The University of Alaska Southeast (UAS) is located here, as well as a number of other colleges and vocational schools. This makes Juneau an attractive option for students from all over Alaska (and beyond). If you're considering investing in student housing here, again be sure to do your homework first so that you understand the unique challenges and opportunities that come with this type of investment property.
Whatever type of real estate investment you're interested in pursuing – whether it's an STR or student housing property – there are plenty of innovative opportunities available here in Juneau City and Borough!