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 | Yakutat City and Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $303,164 | $242,182 |
| Price Trend (Annual %) | — | 5.4% | 8.2% |
| Median Gross Rent | $1,276 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 8% lower than the Alaska average.
Affordability
| Metric | Yakutat City and Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $303,164 | $242,182 |
| Median Household Income | $82,065 | $90,338 | $78,145 |
| Price-to-Income Ratio | — | 3.4 | 3.1 |
Occupancy & Tenure
| Metric | Yakutat City and Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 32.2% | 54.5% | 58.2% |
| Rental Rate | 20.7% | 27.3% | 31.3% |
| Vacancy Rate | 47.1% | 18.2% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Yakutat City and Borough has a homeownership rate of 32.2%, lower than the Alaska average of 54.5%. Its housing vacancy rate is 47.1%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Yakutat City and Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.84 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1983 | 1985 | 1978 |
| Median Number of Rooms | 3.7 | 4.8 | 5.5 |
The typical housing unit in Yakutat City and Borough was built around 1983. On average, 1.8 people live in a home with about 3.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yakutat City and Borough, Alaska.
What is the median rent in Yakutat City and Borough, Alaska?
The median gross rent in Yakutat City and Borough, Alaska is $1,276 per month, lower than the Alaska average of $1,387.
What was the median gross rent in Yakutat City and Borough in 2020?
In 2020, the median gross rent in Yakutat City and Borough, Alaska was $1,071 per month.
What is the homeownership rate in Yakutat City and Borough, Alaska?
32.2% of households in Yakutat City and Borough, Alaska own their home, lower than the Alaska average of 54.5%.
What is the vacancy rate in Yakutat City and Borough, Alaska?
The housing vacancy rate in Yakutat City and Borough, Alaska is 47.1%, higher than the Alaska average of 18.2%.