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 | Haines Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $303,164 | $242,182 |
| Price Trend (Annual %) | -3.0% | 5.4% | 8.2% |
| Median Gross Rent | $920 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 1.7% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Haines Borough is about 38% lower than in Alaska. Rent is about 34% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Haines Borough: home prices fell about 3.0% a year while rent rose about 1.7% a year. That is an unusual pattern worth watching.
Median rent in Haines Borough rose about 5.8% between 2015 and 2023, from $870 to $920. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Haines Borough.
Buying the median-priced home in Haines Borough costs roughly 17.0 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 Haines Borough. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Haines Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $303,164 | $242,182 |
| Median Household Income | $69,867 | $90,338 | $78,145 |
| Price-to-Income Ratio | 2.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2023, the median home price in Haines Borough fell about 32.3%, while median household income rose about 59.6% 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 | Haines Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.2% | 54.5% | 58.2% |
| Rental Rate | 15.3% | 27.3% | 31.3% |
| Vacancy Rate | 35.5% | 18.2% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Haines Borough has a homeownership rate of 49.2%, lower than the Alaska average of 54.5%. Its housing vacancy rate is 35.5%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Haines Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1987 | 1985 | 1978 |
| Median Number of Rooms | 4.1 | 4.8 | 5.5 |
The typical housing unit in Haines Borough was built around 1987. On average, 2.2 people live in a home with about 4.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Haines Borough, Alaska.
What is the median home price in Haines Borough, Alaska?
The median home price in Haines Borough, Alaska is $187,500, lower than the Alaska average of $303,164.
What is the average home price in Haines Borough, 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 Haines Borough, Alaska?
The median gross rent in Haines Borough, Alaska is $920 per month, lower than the Alaska average of $1,387.
What was the median gross rent in Haines Borough in 2020?
In 2020, the median gross rent in Haines Borough, Alaska was $695 per month.
What is the price-to-rent ratio in Haines Borough, Alaska?
The price-to-rent ratio in Haines Borough, Alaska is about 17.0, meaning it would take roughly 17.0 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 Haines Borough.
Are home prices or rent rising faster in Haines Borough, Alaska?
Home prices and rent are moving in opposite directions in Haines Borough: home prices fell about 3.0% a year while rent rose about 1.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Haines Borough, Alaska?
49.2% of households in Haines Borough, Alaska own their home, lower than the Alaska average of 54.5%.
What is the vacancy rate in Haines Borough, Alaska?
The housing vacancy rate in Haines Borough, Alaska is 35.5%, higher than the Alaska average of 18.2%.