Prince of Wales-Hyder Census Area, Alaska Housing Market Prices
Prince of Wales-Hyder Census Area 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 price 45% below the Alaska median Cheaper than 70% of counties in Alaska$175,350
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Median rent 32% below the Alaska median Among the top 5 cheapest counties in Alaska$963
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,350 | $320,616 | $248,835 |
| Price Trend (Annual %) | 16.1% | 5.4% | 7.5% |
| Median Gross Rent | $963 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Prince of Wales-Hyder Census Area is about 45% lower than in Alaska. Rent is about 32% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Prince of Wales-Hyder Census Area, up about 16.1% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Prince of Wales-Hyder Census Area rose about 18.8% between 2015 and 2024, from $811 to $963. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Prince of Wales-Hyder Census Area.
Buying the median-priced home in Prince of Wales-Hyder Census Area costs roughly 15.2 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 Prince of Wales-Hyder Census Area. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,350 | $320,616 | $248,835 |
| Median Household Income | $61,076 | $93,666 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Prince of Wales-Hyder Census Area rose about 62.6%, while median household income fell about 18.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.5% | 55.1% | 58.5% |
| Rental Rate | 21.9% | 27.3% | 31.2% |
| Vacancy Rate | 25.6% | 17.6% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Prince of Wales-Hyder Census Area has a homeownership rate of 52.5%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 25.6%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1982 | 1986 | 1978 |
| Median Number of Rooms | 4.7 | 4.8 | 5.5 |
The typical housing unit in Prince of Wales-Hyder Census Area was built around 1982. On average, 2.3 people live in a home with about 4.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Prince of Wales-Hyder Census Area, Alaska.
What is the median home price in Prince of Wales-Hyder Census Area, Alaska?
The median home price in Prince of Wales-Hyder Census Area, Alaska is $175,350, lower than the Alaska average of $320,616.
What is the average home price in Prince of Wales-Hyder Census Area, Alaska?
The typical home price in Prince of Wales-Hyder Census Area, Alaska, reported as the median sale price, is $175,350. 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 Prince of Wales-Hyder Census Area, Alaska?
The median gross rent in Prince of Wales-Hyder Census Area, Alaska is $963 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Prince of Wales-Hyder Census Area in 2020?
In 2020, the median gross rent in Prince of Wales-Hyder Census Area, Alaska was $801 per month.
What is the price-to-rent ratio in Prince of Wales-Hyder Census Area, Alaska?
The price-to-rent ratio in Prince of Wales-Hyder Census Area, Alaska is about 15.2, meaning it would take roughly 15.2 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 Prince of Wales-Hyder Census Area.
Are home prices or rent rising faster in Prince of Wales-Hyder Census Area, Alaska?
Both home prices and rent are rising in Prince of Wales-Hyder Census Area, up about 16.1% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Prince of Wales-Hyder Census Area, Alaska?
52.5% of households in Prince of Wales-Hyder Census Area, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Prince of Wales-Hyder Census Area, Alaska?
The housing vacancy rate in Prince of Wales-Hyder Census Area, Alaska is 25.6%, higher than the Alaska average of 17.6%.
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