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Kenai, AK Homes for Sale under $400,000

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  • /4

    $175,000

    • Land
    • 10 Acres
    • $17,500 per Acre

    2021 Wyatt Way, Kenai, AK 99611

    10 ACRES IN CITY LIMITS! This property already has electric, a septic, and a well on site. It is off a city-maintained street just minutes from central Kenai. There is a partially cleared section to the front of the lot. Natural gas is adjacent to the property as well. Plenty of potential for development or other uses! The lot is zoned for General Commercial.

    Agent Photo

    Michelle Glaves

    Jack White Real Estate Soldotna

    (833) 365-6443

    2021 Wyatt Way, Kenai, AK 99611
  • /13

    $140,000

    • 2 Beds
    • 1 Bath
    • 988 Sq Ft

    504 Mission Ave, Kenai, AK 99611

    Located in Old Town Kenai. This home is awaiting you time and talent to give it a full update.

    Glenda Feeken RE/MAX of The Peninsula

    504 Mission Ave, Kenai, AK 99611
  • /6

    $160,000

    • Land
    • 1.5 Acres
    • $106,667 per Acre

    120 Plech Dr, Kenai, AK 99611

    Prime Ready-to-Build Multi-Home Site on Bever Loop Road - Kenai River AreaThis exceptional vacant parcel on Bever Loop Road offers a rare opportunity to build your dream setup near the world-famous Kenai River. With all the major infrastructure already in place, this property is truly ''shovel-ready'' -- saving you time, hassle, and significant expense.All the heavy lifting has been completed

    Lisa Roberts Realty ONE Group Aurora

    120 Plech Dr, Kenai, AK 99611
  • /52

    $298,000

    • 1 Bed
    • 1 Bath
    • 567 Sq Ft

    51067 Ramona Rd, Kenai, AK 99611

    The perfect setup for your Alaskan dream. Lakefront property with dock and gazebo. Includes a 1 bed cabin currently used as a vacation rental and family retreat, along with a 1,200 sq ft unfinished home on foundation ready for completion. Whether you're looking to build, invest, or enjoy a getaway, the groundwork is in place. Two meters, natural gas, well, and new pressure tank. BTV info. AS-IS

    Margo Montgomery Jack White Real Estate Mat Su

    51067 Ramona Rd, Kenai, AK 99611
  • /11

    $139,500

    • Land
    • 1.04 Acres
    • $134,135 per Acre

    245 Nevada St, Kenai, AK 99611

    Beautiful 1.04-acre lot in Kenai city limits. Property features a driveway, partial mountain views, a productive raspberry patch, birch trees, and plenty of space to build. Electric and city sewer are on site, with city water and natural gas adjacent at the road. Small cabin on wooden skids is included. Close to Kenai River public boat launch. Property borders 80 acres of vacant, city-owned land.

    Kelly King Century 21 Realty Solutions Freedom Branch

    245 Nevada St, Kenai, AK 99611
  • /46

    $249,000

    • 7 Beds
    • 3 Baths
    • 2,688 Sq Ft

    310 Linwood Ln, Kenai, AK 99611

    Bring your vision and unlock the potential of this triplex investment opportunity! Conveniently located near shopping, dining, schools, and other amenities, this property offers two, 2-bedroom, 1-bath units and one 3-bedroom 1 bath unit. Each unit features its own garage, washer and dryer, separate heating system, and individual electric service. Whether you're an investor looking to add value to

    Coral Hoffman Elite Real Estate Group Soldotna Branch

    310 Linwood Ln, Kenai, AK 99611
  • /32

    $330,000

    • 1 Bed
    • 1.5 Baths
    • 1,200 Sq Ft

    1303 Colonial Dr, Kenai, AK 99611

    Total complete makeover of interior will shock and surprise everyone. Quality of work far above the average on this 1,200 Sq Ft home in City of Kenai. Close proximity to shopping, businesses and airport.

    Fred Braun Jack White Real Estate Kenai

    1303 Colonial Dr, Kenai, AK 99611
  • /26

    $249,000

    • 1 Bed
    • 1 Bath
    • 440 Sq Ft

    35715 Kalifornsky Beach Rd, Kenai, AK 99611

    BREATHTAKING VIEWS! 440 sq ft 1 bed (loft) and 1 bathroom turn-key cabin with a detached 1,040 sq ft garage on 1.25 acres overlooking the Cook Inlet with panoramic scenery, including stunning sunsets over Mount Redoubt. Cabin is conveniently located minutes from the Kenai and Kasilof Rivers, making it a fisherman's dream location. Cash or possible recreation loan. Turnkey cabin (including the

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    35715 Kalifornsky Beach Rd, Kenai, AK 99611
  • /18

    $350,000

    $35K PRICE DROP
    • 5 Beds
    • 1.5 Baths
    • 2,130 Sq Ft

    1511 Stellar Dr, Kenai, AK 99611

    5 Bedroom, 2 bath 2130 sf home on .27 ac 1 car garage with completely fenced back yard in City of Kenai. In town convenience to shopping, schools and walking distance to the park and the Kenai Beach. Dry cabin in back yard with your own raspberry bushes and beautiful rose bushes.

    Emerline Showalter Mossy Oak Properties of Alaska - Kenai

    1511 Stellar Dr, Kenai, AK 99611
  • /2

    $165,000

    • Land
    • 80 Acres
    • $2,062 per Acre

    L1 & 2 N Lupine Dr, Kenai, AK 99611

    80 acres off N Lupine Dr. Gas & Electric in area. Below Borough assessed value.

    Dale Bagley Redoubt Keller Williams Realty Alaska Group

    L1 & 2 N Lupine Dr, Kenai, AK 99611
  • /27

    $109,500

    • 768 Sq Ft

    53871 Izigan Ave, Kenai, AK 99611

    Equity builder! This partially finished cabin on 1.84 acres (2lots!) already has a well, driveway, and gravel pad. Plenty of parking with a large driveway, plus a second access driveway as well. Rolling hills and big trees, what a great setting for your Alaska adventure!

    Kevin Lauver Century 21 Realty Solutions Freedom Branch

    53871 Izigan Ave, Kenai, AK 99611
  • /15

    $279,000

    • 2 Beds
    • 2 Baths
    • 866 Sq Ft

    1350 Angler Dr Unit 2, Kenai, AK 99611

    ANGLER'S ESCAPE CONDOMINIUMS! 2 bed 2 bath 866 sq ft condo built in 2000 w/ shared coin op laundry onsite. Open concept, T&G interior, log sided, metal roof, covered patio, shared firepit & more. Monthly dues include electricity, gas heat, snow removal, refuse & insurance. Great investment w/ nightly rentals permitted. BE THE FIRST TO OWN ONE OF THE FIVE UNITS AVAILABLE!

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    1350 Angler Dr Unit 2, Kenai, AK 99611
  • /3

    $150,000

    $15K PRICE INCREASE
    • Land
    • 1.18 Acres
    • $127,119 per Acre

    1609 Pey Dr, Kenai, AK 99611

    Prime property in a desirable subdivision in Kenai. This 1.18-acre lot offers stunning views of Cook Inlet. You can build your dream home and enjoy watching belugas and salmon from your backyard. The lot is conveniently located near local schools and stores. It is ready for construction and is equipped with natural gas, electricity, and city water.

    Rick Davids Sun Properties, LLC

    1609 Pey Dr, Kenai, AK 99611
  • /13

    $209,000

    • Land
    • 20 Acres
    • $10,450 per Acre

    40745 Frogberry St, Kenai, AK 99611

    RARE 20 ACRE LOT WITH OUT OF THIS WORLD PANORAMIC MOUNTAIN VIEWS!!! Where else do you find a large parcel with the opportuity to have views and privacy close to town?! Build your dream home. Miles and miles of trails from Frogberry. Spirit Lake's road is across from this lot for fishing fun! No CC&R so you can build a dream vacation rental destination. Most local banks have land loan options.

    Katie Uei EXP Realty, LLC

    40745 Frogberry St, Kenai, AK 99611
  • /16

    $279,000

    • 2 Beds
    • 2 Baths
    • 866 Sq Ft

    1350 Angler Dr Unit 3, Kenai, AK 99611

    ANGLER'S ESCAPE CONDOMINIUMS! 2 bed 2 bath 866 sq ft condo built in 2000 w/ shared coin op laundry onsite. Open concept, T&G interior, log sided, metal roof, covered patio, shared firepit & more. Monthly dues include electricity, gas heat, snow removal, refuse & insurance. Great investment w/ nightly rentals permitted. BE THE FIRST TO OWN ONE OF THE FIVE UNITS AVAILABLE!

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    1350 Angler Dr Unit 3, Kenai, AK 99611
  • /12

    $267,500

    • Land
    • 2.99 Acres
    • $89,465 per Acre

    35807 Kalifornsky Beach Rd, Kenai, AK 99611

    Discover nearly 3 acres of versatile land in a prime Kenai Peninsula location! This 2.99-acre parcel offers a rare opportunity to build, invest, or hold in a highly desirable area along Kalifornsky Beach Road. Enjoy expansive views of Cook Inlet and surrounding mountains, with a naturally sloping, bluff-side setting that provides both character and potential for a variety of uses. The property

    Sarah Beller Sarah Beller Real Estate

    35807 Kalifornsky Beach Rd, Kenai, AK 99611
  • /19

    $299,000

    • Land
    • 80 Acres
    • $3,738 per Acre

    45472 Lentfer Ave, Kenai, AK 99611

    80 acres with driveway, gravel pad, 5th-wheel trailer, Conex, outhouse with shower located between Soldotna and Kenai. The property is inside the city limits of Kenai. Good start to a road to the middle of the first 40 acre parcel for a future home site or to subdivide into multiple parcels. Actual acreage is less to due to 30 ft Right of Way along Lentfer Ave. See the plat.

    Edward Oberts Redoubt Keller Williams Realty Alaska Group

    45472 Lentfer Ave, Kenai, AK 99611
  • /31

    $395,000

    • 1 Bed
    • 1 Bath
    • 752 Sq Ft

    35336 Farmstead St, Kenai, AK 99611

    Great Location! Escape to your private Alaska retreat! This beautifully completed 2024 cabin sits on 8.54 acres & blends modern finishes w/ warm rustic charm. The 752 sq ft cabin includes a spacious deck, detached 384 sq ft garage w/ 220V outlet, + a 2nd septic system for future expansion. Ideal for a retreat, horse property, or ranch lifestyle located beside an Airpark. Near inlet & river access.

    Rebecca Curren Jack White Real Estate Soldotna

    35336 Farmstead St, Kenai, AK 99611
  • /50

    $375,000

    • 2 Beds
    • 2.5 Baths
    • 2,526 Sq Ft

    303 Dolly Varden St, Kenai, AK 99611

    Older is better! This 3 level home is only 5 minutes from downtown, shopping, airport, courthouse, river and beach. Enjoy the sunroom and the uniqueness of this 76 year old home with its historic charm and multiple rooms on the 3 different levels. Private feel with abundant gross living area.

    Fred Braun Jack White Real Estate Kenai

    303 Dolly Varden St, Kenai, AK 99611
  • /26

    $298,500

    • 0.5 Baths
    • 2,328 Sq Ft

    39298 Kalifornsky Beach Rd, Kenai, AK 99611

    With a well and septic already in, this huge shop is set up to easily add a cabin, mobile home or your forever house. The beach and dip netting are a short ATV ride away. Room for your boats, RVs, fishing gear, and all toys. Plenty of parking, right off the paved road. The shop has a half bath, garage doors on both ends, updated electrical incl 220V. Summer is around the corner, now is the time!

    Kevin Lauver Century 21 Realty Solutions Freedom Branch

    39298 Kalifornsky Beach Rd, Kenai, AK 99611
  • /44

    $199,500

    • 4 Beds
    • 2 Baths
    • 1,386 Sq Ft

    50370 Littmitz Ave, Kenai, AK 99611

    Updated 4-bedroom home in the heart of Nikiski, conveniently located off S. Miller Loop! A circular gravel driveway welcomes you home, leading to the attached garage and large covered front entry deck. The property features a fenced, pet-friendly side yard plus a large open backyard with plenty of room to enjoy Alaska living. New furnace in 2024 and an adorable woodstove keep things cozy and

    Kevin Lauver Century 21 Realty Solutions Freedom Branch

    50370 Littmitz Ave, Kenai, AK 99611
  • /19

    $110,000

    $10K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 470 Sq Ft

    53642 Timber Ln, Kenai, AK 99611

    1960 mobile home situated on .98 acre not far from the Kenai River. The vintage home retains its classic character with original features, offering a turn key cozy living space. This property can serve as a home, a base camp for fishing, or a residence while building your dream home. Well, septic, electricity and natural gas are present, although the home currently operates on oil heat.Enjoy the

    Ashley Kornfeind Jack White Real Estate Mat Su

    53642 Timber Ln, Kenai, AK 99611
  • /2

    $249,999

    • Land
    • 1.17 Acres
    • $213,674 per Acre

    000 Scamp Dr, Kenai, AK 99611

    Rare riverfront VIEW lot with option to purchase adjacent lot too! Ideally located between Kenai and Soldotna near schools, shopping, restaurants, and city services. Build your Alaska dream home with electricity in the area; contact Enstar for gas extension details. One of the last remaining Kenai River view lots offering this combination of location, scenery, and opportunity

    Ross Baxter Jack White Real Estate Soldotna

    000 Scamp Dr, Kenai, AK 99611
  • /11

    $399,900

    $16K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,583 Sq Ft

    930 Baleen Ave, Kenai, AK 99611

    This 3 bedroom, 2 bathroom home offers 1,583 square feet of well-planned space with an open floor plan that creates a natural flow between the main living areas, making it practical and efficient for day-to-day living. Step outside onto the deck and enjoy the added outdoor space, ideal for morning coffee, fresh air, or unwinding at the end of the day. A 2-car garage provides convenience and ...

    Marjorie Pellegrini Go North Realty

    930 Baleen Ave, Kenai, AK 99611
  • /39

    $130,000

    $30K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 1,035 Sq Ft

    50227 Terry Ray Ave, Kenai, AK 99611

    Charming Unfinished Cabin with Great Potential! This cozy cabin offers a unique opportunity to add your personal touch. Featuring an open-concept kitchen and living area, this space is perfect for relaxed living or weekend getaways. The home includes one finished bedroom and one full bathroom, freshly painted with new trim and flooring throughout. A second bedroom is framed in and ready for your

    Tiffany Holly Century 21 Realty Solutions Freedom Branch

    50227 Terry Ray Ave, Kenai, AK 99611
  • /34

    $195,000

    $45K PRICE INCREASE
    • Land
    • 5.28 Acres
    • $36,932 per Acre

    7450 Kenai Spur Hwy, Kenai, AK 99611

    Fantastic Kenai Spur Highway frontage consisting of 5.28 Acres with huge improved gravel pad on general commercial use acres with Kenai Spur driveway access! Natural gas runs along the highway frontage, Electric adjacent lot on other side of Highway. Culvert in place. In Kenai City Limits.

    Debra Hunt Mossy Oak Properties of Alaska - Kenai

    7450 Kenai Spur Hwy, Kenai, AK 99611
  • /24

    $349,000

    • 3 Beds
    • 2 Baths
    • 1,305 Sq Ft

    1350 Angler Dr Unit 1, Kenai, AK 99611

    ANGLER'S ESCAPE CONDOMINIUMS! 3 bed 2 bath 1305 sq ft condo built in 2000. Open concept, private laundry room, T&G interior, log sided, metal roof, covered patio, shared firepit & more. Monthly dues include electricity, gas heat, snow removal, refuse & insurance. Great investment w/ nightly rentals permitted. BE THE FIRST TO OWN ONE OF THE FIVE UNITS AVAILABLE!

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    1350 Angler Dr Unit 1, Kenai, AK 99611
  • /49

    $297,500

    • 2 Beds
    • 2 Baths
    • 852 Sq Ft

    53272 Williams Rd, Kenai, AK 99611

    COZY CABIN IN THE WOODS. So charming with it's private setting, circle driveway, fire pit & large new deck. Cabin has 1 bedroom plus sleeping area in the loft. Enclosed sunroom/porch to enjoy summer days mosquito free! Bunkhouse above the 3 bay shop w/gravel floor has a deck, 3/4 bath, living room & sleeping area. Perfect for summer guests who snore. Perfect summer set up. Could be turnkey.

    Kelly Griebel Century 21 Realty Solutions Freedom Branch

    53272 Williams Rd, Kenai, AK 99611
  • /29

    $140,000

    • 192 Sq Ft

    45543 Porter Rd, Kenai, AK 99611

    Fisherman's paradise! *Drive-up* Lakefront cabin in the Castaway Cove sub. Private gated access to the Kenai River for sub land owners and fishing platform. Power, gas, and sand point well on property. HOA provide Sani-cans nearby for convivence. Property includes small shed and sauna. Enjoy the sparkling Lake View after a day on the river fishing. Nat. gas and well are on the property but are

    Camilla Bundy Redoubt Keller Williams Realty Alaska Group

    45543 Porter Rd, Kenai, AK 99611
  • /37

    $365,000

    • 4 Beds
    • 2.5 Baths
    • 1,948 Sq Ft

    319 Rogers Rd, Kenai, AK 99611

    Well-maintained and move-in read home on a desirable corner lot in great neighborhood! Conveniently located close to high school, junior high, Walmart, Safeway and Home Depot. This charming home features 4 bdrms, 2.5 baths, fireplace, and offers plenty of space for comfortable living. A perfect opportunity for new owners looking for convenience, comfort and a welcoming community!

    Glenda Feeken RE/MAX of The Peninsula

    319 Rogers Rd, Kenai, AK 99611
  • /44

    $329,000

    • 2 Beds
    • 1 Bath
    • 1,073 Sq Ft

    49066 Heights Ln, Kenai, AK 99611

    Charming log home on 1.95 acres featuring 2 bedrooms plus a bonus room, 1 full bath, remodeled kitchen and bath, and fresh interior paint. Cozy woodstove, cedar privacy fence, greenhouse, and generator setup with enclosure add to the appeal. Conveniently located near Captain Cook State Recreation Area, nearby lakes, and the North Peninsula Recreation Center.

    Marti Pepper Redoubt Keller Williams Realty Alaska Group

    49066 Heights Ln, Kenai, AK 99611
  • /13

    $205,000

    $15K PRICE DROP
    • Land
    • 2.32 Acres
    • $88,362 per Acre

    37201 Ohana Cir, Kenai, AK 99611

    MOTIVATED SELLER -2.32 Acres with utilities and gravel pad 1/2 mile from the Kenai river, great for a RV park /fish camp or build your home and shop. It is 1.3 miles to Chachanski public Docand 4.2 miles to briidge access Doc for fishing. THE GRAVEL PAD HAS BEEN WELL COMPACTED AND IS READY TO START BUILDING OR ADDING THOSE FIRE PITS FOR THAT RV PARK. THIS PROPERTY IS READY FOR YOU. DONT MISS

    Rhonda Lee Byrd Real Estate Brokers of Alaska

    37201 Ohana Cir, Kenai, AK 99611
  • /9

    $200,000

    $50K PRICE DROP
    • Land
    • 40.96 Acres
    • $4,883 per Acre

    000 Kalifornsky Beach Rd, Kenai, AK 99611

    40 Acres Off K-Beach Build It, Hold It, or Create Something BiggerIf you've been waiting for a piece of land with real potential, this is it. This 40-acre parcel sits just off Kalifornsky Beach Road with direct highway access, giving you that rare combination of space, privacy, and convenience. Whether you're looking to build a private homestead, create a multi-lot development, or simply

    Lyndy Wackler Jack White Real Estate Soldotna

    000 Kalifornsky Beach Rd, Kenai, AK 99611
  • /14

    $130,000

    • Land
    • 1 Acre
    • $130,000 per Acre

    L9 Sea Watch Estates Sub, Kenai, AK 99611

    Outstanding mountain views await you at this BEACHFRONT property. The terrain is level -perfect for building your dream home! Land is dry with nice trees; Utilities are right along K-beach for easy hookup. Enjoy the unique Alaska Range with your morning coffee!

    Jeff Trujillo Mossy Oak Properties of Alaska - Soldotna

    L9 Sea Watch Estates Sub, Kenai, AK 99611
  • /16

    $279,000

    • 2 Beds
    • 2 Baths
    • 866 Sq Ft

    1350 Angler Dr Unit 4, Kenai, AK 99611

    ANGLER'S ESCAPE CONDOMINIUMS! 2 bed 2 bath 866 sq ft condo built in 2000 w/ shared coin op laundry onsite. Open concept, T&G interior, log sided, metal roof, covered patio, shared firepit & more. Monthly dues include electricity, gas heat, snow removal, refuse & insurance. Great investment w/ nightly rentals permitted. BE THE FIRST TO OWN ONE OF THE FIVE UNITS AVAILABLE!

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    1350 Angler Dr Unit 4, Kenai, AK 99611
  • /11

    $279,000

    • 2 Beds
    • 2 Baths
    • 1,680 Sq Ft

    513 Peninsula Ave, Kenai, AK 99611

    Rare opportunity to own a duplex in a truly remarkable setting. This two-unit property features one-bedroom units in each side, offering flexibility for rental income, owner-occupancy, or a combination of both. Each unit is thoughtfully laid out for comfortable living, and a shared laundry area adds convenience for tenants or occupants. Set against the stunning backdrop where the inlet meets...

    Marjorie Pellegrini Go North Realty

    513 Peninsula Ave, Kenai, AK 99611
  • /37

    $360,000

    • 3 Beds
    • 2 Baths
    • 1,369 Sq Ft

    1404 Hedley Dr, Kenai, AK 99611

    Move-in ready 3-bedroom, 2-bath ranch offering 1,369 sq ft of comfortable living space in a desirable neighborhood. Built in 2011 with a 5-Star Energy Rating, this home features a spacious primary suite complete with a walk-in closet and private bath, plus a convenient laundry/mud room. Enjoy the comfort of a heated 2-car garage and a fully fenced backyard. A sliding glass door leads to a large

    Preston Penrod Jack White Real Estate Soldotna

    1404 Hedley Dr, Kenai, AK 99611
  • /26

    $377,000

    $23K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 1,996 Sq Ft

    51556 Sunset St, Kenai, AK 99611

    This unique homes offers much! Nestled on a beautifully treed lot, this three bedroom home feels so private and surrounded by nature. The main living area has wood details throughout, large windows and a wonderful kitchen. Sellers have done many upgrades that include a new roof, deck, bathroom renovations and flooring.

    Jennifer Howell Jack White Real Estate Soldotna

    51556 Sunset St, Kenai, AK 99611
  • /21

    $211,000

    $11K PRICE INCREASE
    • 3 Beds
    • 1.5 Baths
    • 1,362 Sq Ft

    813 Auk St Unit E4, Kenai, AK 99611

    Conveniently located condo in Kenai! This fully furnished 3-bedroom, 2-bath home spans three levels and features a private deck. HOA includes heat, water and sewer, exterior and grounds maintenance, plus trash and snow removal. Located within walking distance to local schools, the Oilers Ball Field, and the Kenai Golf Course. Starlink is included.

    William Baker Jack White Real Estate Soldotna

    813 Auk St Unit E4, Kenai, AK 99611
  • /22

    $295,000

    • 3 Beds
    • 1 Bath
    • 960 Sq Ft

    1114 Alder Ave, Kenai, AK 99611

    Welcome to this beautifully updated 3-bedroom, 1-bathroom home located in the popular Woodland Estates Subdivision. Step inside to discover a bright, open interior featuring newly remodeled flooring that flows seamlessly throughout the entire house. The heart of the home is the updated kitchen and dining area, with stylish contemporary finishes and modern appliances. The home also features a

    Liz Jozwiak EXP Realty, LLC

    1114 Alder Ave, Kenai, AK 99611

Showing Results 1 - 40, Page 1 of 2

Home Prices in Kenai, AK

Home Price Trends

Median Sale Price
$350,000
Median Single Family Sale Price
$350,000
Median 2 Bedroom Sale Price
$278,500
Median 1 Bedroom Sale Price
$261,500
Average Price Per Sq Ft
$232
Number of Homes for Sale
37
Last 12 months Home Sales
148
Months of Supply
3.00
Median List Price
$356,925
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
12%
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