Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

Not Available
$1,336

Housing Market Overview

Metric Northwest Arctic Borough Alaska Avg US Average
Median Home Price $303,164 $242,182
Price Trend (Annual %) 5.4% 8.2%
Median Gross Rent $1,336 $1,387 $1,342
Rent Trend (Annual %) 1.3% 2.4% 5.1%
Household Income Trend (Annual %)

Affordability

Metric Northwest Arctic Borough Alaska Avg US Average
Median Home Price $303,164 $242,182
Median Household Income $80,357 $90,338 $78,145
Price-to-Income Ratio 3.4 3.1

Occupancy & Tenure

Metric Northwest Arctic Borough Alaska Avg US Average
Homeownership Rate 40.1% 54.5% 58.2%
Rental Rate 26.2% 27.3% 31.3%
Vacancy Rate 33.8% 18.2% 10.6%
Median Tenure (years) 19.0 14.0 15.0
Median Year Moved In 2007 2012 2011

Housing Stock

Metric Northwest Arctic Borough Alaska Avg US Average
Average Household Size 3.91 people 2.63 people 2.54 people
Median Structure Built Year 1985 1985 1978
Median Number of Rooms 3.9 4.8 5.5