Northwest Arctic Borough, Alaska Housing Market Prices
Northwest Arctic 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 priceN/A
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Median rent 5% below the Alaska median$1,350
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Northwest Arctic Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $320,616 | $248,835 |
| Price Trend (Annual %) | — | 5.4% | 7.5% |
| Median Gross Rent | $1,350 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 1.3% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 5% lower than the Alaska average.
Affordability
| Metric | Northwest Arctic Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $320,616 | $248,835 |
| Median Household Income | $82,858 | $93,666 | $80,455 |
| Price-to-Income Ratio | — | 3.4 | 3.1 |
Occupancy & Tenure
| Metric | Northwest Arctic Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.8% | 55.1% | 58.5% |
| Rental Rate | 23.7% | 27.3% | 31.2% |
| Vacancy Rate | 33.5% | 17.6% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Northwest Arctic Borough has a homeownership rate of 42.8%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 33.5%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Northwest Arctic Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.81 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 4.0 | 4.8 | 5.5 |
The typical housing unit in Northwest Arctic Borough was built around 1986. On average, 3.8 people live in a home with about 4.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Northwest Arctic Borough, Alaska.
What is the median rent in Northwest Arctic Borough, Alaska?
The median gross rent in Northwest Arctic Borough, Alaska is $1,350 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Northwest Arctic Borough in 2020?
In 2020, the median gross rent in Northwest Arctic Borough, Alaska was $1,286 per month.
What is the homeownership rate in Northwest Arctic Borough, Alaska?
42.8% of households in Northwest Arctic Borough, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Northwest Arctic Borough, Alaska?
The housing vacancy rate in Northwest Arctic Borough, Alaska is 33.5%, higher than the Alaska average of 17.6%.
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