Skagway Municipality, Alaska Housing Market Prices
Skagway Municipality 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 32% below the Alaska median$218,750
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Median rent 10% below the Alaska median$1,280
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Skagway Municipality | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,750 | $320,616 | $248,835 |
| Price Trend (Annual %) | — | 5.4% | 7.5% |
| Median Gross Rent | $1,280 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Skagway Municipality is about 32% lower than in Alaska. Rent is about 10% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2016
Median Rent Prices, 2015-2024
Median rent in Skagway Municipality rose about 25.4% between 2015 and 2024, from $1,020 to $1,280. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Skagway Municipality.
Buying the median-priced home in Skagway Municipality costs roughly 14.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Skagway Municipality. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Skagway Municipality | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,750 | $320,616 | $248,835 |
| Median Household Income | $80,882 | $93,666 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2016, the median home price in Skagway Municipality fell about 4.4%, while median household income rose about 4.6% between 2010 and 2025 — 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 | Skagway Municipality | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.9% | 55.1% | 58.5% |
| Rental Rate | 19.7% | 27.3% | 31.2% |
| Vacancy Rate | 32.4% | 17.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Skagway Municipality has a homeownership rate of 47.9%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 32.4%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Skagway Municipality | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 4.7 | 4.8 | 5.5 |
The typical housing unit in Skagway Municipality was built around 1985. On average, 2.1 people live in a home with about 4.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Skagway Municipality, Alaska.
What is the median home price in Skagway Municipality, Alaska?
The median home price in Skagway Municipality, Alaska is $218,750, lower than the Alaska average of $320,616.
What is the average home price in Skagway Municipality, Alaska?
The typical home price in Skagway Municipality, Alaska, reported as the median sale price, is $218,750. 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 Skagway Municipality, Alaska?
The median gross rent in Skagway Municipality, Alaska is $1,280 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Skagway Municipality in 2020?
In 2020, the median gross rent in Skagway Municipality, Alaska was $1,089 per month.
What is the price-to-rent ratio in Skagway Municipality, Alaska?
The price-to-rent ratio in Skagway Municipality, Alaska is about 14.2, meaning it would take roughly 14.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Skagway Municipality.
What is the homeownership rate in Skagway Municipality, Alaska?
47.9% of households in Skagway Municipality, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Skagway Municipality, Alaska?
The housing vacancy rate in Skagway Municipality, Alaska is 32.4%, higher than the Alaska average of 17.6%.
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