Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bethel Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $324,983 | $303,164 | $242,182 |
| Price Trend (Annual %) | 4.2% | 5.4% | 8.2% |
| Median Gross Rent | $1,453 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bethel Census Area is about 7% higher than in Alaska. Rent is about 5% higher than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bethel Census Area, up about 4.2% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Bethel Census Area rose about 24.4% between 2015 and 2023, from $1,168 to $1,453. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Bethel Census Area.
Buying the median-priced home in Bethel Census Area costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bethel Census Area. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Bethel Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $324,983 | $303,164 | $242,182 |
| Median Household Income | $69,746 | $90,338 | $78,145 |
| Price-to-Income Ratio | 4.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bethel Census Area rose about 22.8%, while median household income rose about 30.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bethel Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.9% | 54.5% | 58.2% |
| Rental Rate | 30.6% | 27.3% | 31.3% |
| Vacancy Rate | 22.5% | 18.2% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Bethel Census Area has a homeownership rate of 46.9%, lower than the Alaska average of 54.5%. Its housing vacancy rate is 22.5%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Bethel Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.75 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 3.8 | 4.8 | 5.5 |
The typical housing unit in Bethel Census Area was built around 1988. On average, 3.8 people live in a home with about 3.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bethel Census Area, Alaska.
What is the median home price in Bethel Census Area, Alaska?
The median home price in Bethel Census Area, Alaska is $324,983, higher than the Alaska average of $303,164.
What is the average home price in Bethel Census Area, Alaska?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bethel Census Area, Alaska?
The median gross rent in Bethel Census Area, Alaska is $1,453 per month, higher than the Alaska average of $1,387.
What was the median gross rent in Bethel Census Area in 2020?
In 2020, the median gross rent in Bethel Census Area, Alaska was $1,368 per month.
What is the price-to-rent ratio in Bethel Census Area, Alaska?
The price-to-rent ratio in Bethel Census Area, Alaska is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bethel Census Area.
Are home prices or rent rising faster in Bethel Census Area, Alaska?
Both home prices and rent are rising in Bethel Census Area, up about 4.2% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bethel Census Area, Alaska?
46.9% of households in Bethel Census Area, Alaska own their home, lower than the Alaska average of 54.5%.
What is the vacancy rate in Bethel Census Area, Alaska?
The housing vacancy rate in Bethel Census Area, Alaska is 22.5%, higher than the Alaska average of 18.2%.