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 | Kusilvak Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,499 | $303,164 | $242,182 |
| Price Trend (Annual %) | -0.8% | 5.4% | 8.2% |
| Median Gross Rent | $832 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kusilvak Census Area is about 38% lower than in Alaska. Rent is about 40% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Kusilvak Census Area: home prices fell about 0.8% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Kusilvak Census Area rose about 61.8% between 2015 and 2023, from $514 to $832. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Kusilvak Census Area.
Buying the median-priced home in Kusilvak Census Area costs roughly 18.8 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 Kusilvak Census Area. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Kusilvak Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,499 | $303,164 | $242,182 |
| Median Household Income | $48,718 | $90,338 | $78,145 |
| Price-to-Income Ratio | 3.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Kusilvak Census Area fell about 0.0%, while median household income rose about 32.6% 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 | Kusilvak Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 54.5% | 58.2% |
| Rental Rate | 24.7% | 27.3% | 31.3% |
| Vacancy Rate | 19.2% | 18.2% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Kusilvak Census Area has a homeownership rate of 56.1%, higher than the Alaska average of 54.5%. Its housing vacancy rate is 19.2%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Kusilvak Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.23 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 3.9 | 4.8 | 5.5 |
The typical housing unit in Kusilvak Census Area was built around 1988. On average, 4.2 people live in a home with about 3.9 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kusilvak Census Area, Alaska.
What is the median home price in Kusilvak Census Area, Alaska?
The median home price in Kusilvak Census Area, Alaska is $187,499, lower than the Alaska average of $303,164.
What is the average home price in Kusilvak 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 Kusilvak Census Area, Alaska?
The median gross rent in Kusilvak Census Area, Alaska is $832 per month, lower than the Alaska average of $1,387.
What was the median gross rent in Kusilvak Census Area in 2020?
In 2020, the median gross rent in Kusilvak Census Area, Alaska was $709 per month.
What is the price-to-rent ratio in Kusilvak Census Area, Alaska?
The price-to-rent ratio in Kusilvak Census Area, Alaska is about 18.8, meaning it would take roughly 18.8 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 Kusilvak Census Area.
Are home prices or rent rising faster in Kusilvak Census Area, Alaska?
Home prices and rent are moving in opposite directions in Kusilvak Census Area: home prices fell about 0.8% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Kusilvak Census Area, Alaska?
56.1% of households in Kusilvak Census Area, Alaska own their home, higher than the Alaska average of 54.5%.
What is the vacancy rate in Kusilvak Census Area, Alaska?
The housing vacancy rate in Kusilvak Census Area, Alaska is 19.2%, higher than the Alaska average of 18.2%.