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 | Dillingham Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,831 | $303,164 | $242,182 |
| Price Trend (Annual %) | -6.5% | 5.4% | 8.2% |
| Median Gross Rent | $1,086 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 0.9% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dillingham Census Area is about 37% lower than in Alaska. Rent is about 22% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2020
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Dillingham Census Area: home prices fell about 6.5% a year while rent rose about 0.9% a year. That is an unusual pattern worth watching.
Median rent in Dillingham Census Area rose about 14.2% between 2015 and 2023, from $951 to $1,086. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Dillingham Census Area.
Buying the median-priced home in Dillingham Census Area costs roughly 14.7 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 Dillingham Census Area. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Dillingham Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,831 | $303,164 | $242,182 |
| Median Household Income | $74,624 | $90,338 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2020, the median home price in Dillingham Census Area fell about 26.2%, while median household income rose about 22.4% 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 | Dillingham Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.1% | 54.5% | 58.2% |
| Rental Rate | 21.2% | 27.3% | 31.3% |
| Vacancy Rate | 42.7% | 18.2% | 10.6% |
| Median Tenure (years) | 22.0 | 14.0 | 15.0 |
| Median Year Moved In | 2004 | 2012 | 2011 |
Dillingham Census Area has a homeownership rate of 36.1%, lower than the Alaska average of 54.5%. Its housing vacancy rate is 42.7%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Dillingham Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.15 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1987 | 1985 | 1978 |
| Median Number of Rooms | 3.6 | 4.8 | 5.5 |
The typical housing unit in Dillingham Census Area was built around 1987. On average, 3.2 people live in a home with about 3.6 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dillingham Census Area, Alaska.
What is the median home price in Dillingham Census Area, Alaska?
The median home price in Dillingham Census Area, Alaska is $191,831, lower than the Alaska average of $303,164.
What is the average home price in Dillingham 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 Dillingham Census Area, Alaska?
The median gross rent in Dillingham Census Area, Alaska is $1,086 per month, lower than the Alaska average of $1,387.
What was the median gross rent in Dillingham Census Area in 2020?
In 2020, the median gross rent in Dillingham Census Area, Alaska was $1,000 per month.
What is the price-to-rent ratio in Dillingham Census Area, Alaska?
The price-to-rent ratio in Dillingham Census Area, Alaska is about 14.7, meaning it would take roughly 14.7 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 Dillingham Census Area.
Are home prices or rent rising faster in Dillingham Census Area, Alaska?
Home prices and rent are moving in opposite directions in Dillingham Census Area: home prices fell about 6.5% a year while rent rose about 0.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Dillingham Census Area, Alaska?
36.1% of households in Dillingham Census Area, Alaska own their home, lower than the Alaska average of 54.5%.
What is the vacancy rate in Dillingham Census Area, Alaska?
The housing vacancy rate in Dillingham Census Area, Alaska is 42.7%, higher than the Alaska average of 18.2%.