Bristol Bay Borough, Alaska Housing Market Prices
Bristol Bay Borough Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% below the Alaska median Among the top 3 cheapest counties in Alaska$95,000
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Median rent 7% below the Alaska median$1,317
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bristol Bay Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $320,616 | $248,835 |
| Price Trend (Annual %) | — | 5.4% | 7.5% |
| Median Gross Rent | $1,317 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bristol Bay Borough is about 70% lower than in Alaska. Rent is about 7% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2016
Median Rent Prices, 2015-2024
Median rent in Bristol Bay Borough rose about 24.0% between 2015 and 2024, from $1,062 to $1,317. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Bristol Bay Borough.
Buying the median-priced home in Bristol Bay Borough costs roughly 6.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bristol Bay Borough. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Bristol Bay Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $320,616 | $248,835 |
| Median Household Income | $93,494 | $93,666 | $80,455 |
| Price-to-Income Ratio | 1.0 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2016, the median home price in Bristol Bay Borough fell about 26.7%, while median household income rose about 40.7% between 2009 and 2025 — 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 | Bristol Bay Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 19.5% | 55.1% | 58.5% |
| Rental Rate | 16.9% | 27.3% | 31.2% |
| Vacancy Rate | 63.5% | 17.6% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Bristol Bay Borough has a homeownership rate of 19.5%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 63.5%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Bristol Bay Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 4.1 | 4.8 | 5.5 |
The typical housing unit in Bristol Bay Borough was built around 1986. On average, 2.2 people live in a home with about 4.1 rooms, staying for about 19.0 years on average.
Bristol Bay Borough, AK Housing Compared With Nearby Counties
How Bristol Bay Borough, AK compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bristol Bay Borough, AK | 875 | $95,000 #2/2 | $1,317 #1/2 | 53.6% #2/2 |
| Kenai Peninsula Borough, AK | 60,577 | $264,574 | $1,183 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Bristol Bay Borough, Alaska.
What is the median home price in Bristol Bay Borough, Alaska?
The median home price in Bristol Bay Borough, Alaska is $95,000, lower than the Alaska average of $320,616.
What is the average home price in Bristol Bay Borough, Alaska?
The typical home price in Bristol Bay Borough, Alaska, reported as the median sale price, is $95,000. 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 Bristol Bay Borough, Alaska?
The median gross rent in Bristol Bay Borough, Alaska is $1,317 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Bristol Bay Borough in 2020?
In 2020, the median gross rent in Bristol Bay Borough, Alaska was $1,208 per month.
What is the price-to-rent ratio in Bristol Bay Borough, Alaska?
The price-to-rent ratio in Bristol Bay Borough, Alaska is about 6.0, meaning it would take roughly 6.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bristol Bay Borough.
What is the homeownership rate in Bristol Bay Borough, Alaska?
19.5% of households in Bristol Bay Borough, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Bristol Bay Borough, Alaska?
The housing vacancy rate in Bristol Bay Borough, Alaska is 63.5%, higher than the Alaska average of 17.6%.
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