Much like nearby areas, it's somewhat more expensive compared to the United States as a whole. However compared to the city of Anchorage, it's a little less expensive.
Home prices
The median home price in Farm Loop is $263,000. This is approximately $6,320 (2%) lower in comparison to its nearby areas.In comparison to the entire nation it is about $45,500 (20%) higher, and is approximately $51,800 (16%) lower in comparison to the city of Anchorage.
Rents
The median monthly rent in Farm Loop is $975. It is about $93 (8%) lower compared to its nearby areas.It is about $87 (8%) lower compared to the nation as a whole, and in comparison to the city of Anchorage it is roughly $345 (26%) lower.
Nearby places
Palmer
Palmer is Farm Loop's neighbor to the southeast. Real estate prices there are a bit less expensive. Palmer's median home value is $207,200, which works out to $55,800 (26%) lower than Farm Loop. Its rents are fairly similar. Palmer's median rent is $976 a month, which is very similar to Farm Loop.
Buffalo Soapstone
Buffalo Soapstone is Farm Loop's neighbor to the north. Its real estate prices are a little less expensive. Buffalo Soapstone's median home value is $229,300, which works out to $33,700 (14%) lower than Farm Loop. Its rents are a little less expensive. The median monthly rent in Buffalo Soapstone is $883, which comes out to $92 (10%) lower than Farm Loop.
Gateway
Gateway is Farm Loop's neighbor to the southwest. Its housing prices are somewhat more expensive. The median home in Gateway costs $321,100, which is $58,100 (18%) higher than Farm Loop. Rent there is a bit more expensive. Gateway's median rent is $1,117 per month, which is $142 (12%) higher than Farm Loop.
Fishhook
Fishhook is Farm Loop's neighbor to the northwest. Housing prices there are a little more expensive. The median home in Fishhook costs $311,600, which is $48,600 (15%) higher than Farm Loop. Its rents are a bit more expensive. In Fishhook the median rent is $1,127 a month, which works out to $152 (13%) higher than Farm Loop.
Lakes
Lakes is approximately 4 miles west of Farm Loop. The housing prices there are somewhat more expensive. The median home in Lakes is valued at $277,400, which comes out to $14,400 (5%) higher than Farm Loop. Rents there are a little more expensive. The median rent in Lakes is $1,236 a month, which is $261 (21%) higher than Farm Loop.
