Fort Wainwright & Eielson Air Force Base
Are you using your BAH benefits to your best advantage? If you're in base housing or renting off base, you should consider using your BAH to build equity while you're stationed in Alaska. The average price of a new/newer single family home in North Pole is $232,400. Factoring in local property taxes and hazard insurance would bring your mortgage payment to $1,680+/-. Why not let Uncle Sam make your mortgage payment for you?
Assuming a modest growth of 3% per annum, at the end of your tour, your home would be worth approximately $260,000; an equity increase of almost $28,000. That's money that would have remained in Uncle Sam's coffers been used to pay your landlords mortgage. Put your BAH benefits to work for you.
With a higher than normal inventory of homes for sale and low long term interest rates for veteran buyers, this is a good time to buy or invest in Fairbanks real estate.
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Next Stop: Welcome to Eielson Air Force Base
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Jesse & Kathy Clifton, better known as 'The Spouses' are full time Realtors serving Fairbanks Alaska buyers and sellers. They specialize in residential real estate; new and existing construction as well as undeveloped land in Fairbanks, North Pole, Ft. Wainwright, Eielson Air Force Base and Interior Alaska. Visit their website to review the fee market reports designed to keep you updated on the local Fairbanks Alaska real estate market. Have specific questions? Feel free to contact them anytime. They would love to hear from you.
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Our BAH in Honolulu is a fair bit higher.
I guess that gives us a good comparison of the housing values.