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 | Yukon-Koyukuk Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,171 | $303,164 | $242,182 |
| Price Trend (Annual %) | 5.6% | 5.4% | 8.2% |
| Median Gross Rent | $892 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yukon-Koyukuk Census Area is about 64% lower than in Alaska. Rent is about 36% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yukon-Koyukuk Census Area, up about 5.6% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Yukon-Koyukuk Census Area rose about 39.3% between 2015 and 2023, from $641 to $892. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Yukon-Koyukuk Census Area.
Buying the median-priced home in Yukon-Koyukuk Census Area costs roughly 10.3 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 Yukon-Koyukuk Census Area. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Yukon-Koyukuk Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,171 | $303,164 | $242,182 |
| Median Household Income | $52,372 | $90,338 | $78,145 |
| Price-to-Income Ratio | 2.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yukon-Koyukuk Census Area fell about 0.8%, while median household income rose about 55.5% between 2009 and 2023 — 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 | Yukon-Koyukuk Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.4% | 54.5% | 58.2% |
| Rental Rate | 17.1% | 27.3% | 31.3% |
| Vacancy Rate | 41.5% | 18.2% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Yukon-Koyukuk Census Area has a homeownership rate of 41.4%, lower than the Alaska average of 54.5%. Its housing vacancy rate is 41.5%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Yukon-Koyukuk Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.08 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1986 | 1985 | 1978 |
| Median Number of Rooms | 3.1 | 4.8 | 5.5 |
The typical housing unit in Yukon-Koyukuk Census Area was built around 1986. On average, 2.1 people live in a home with about 3.1 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yukon-Koyukuk Census Area, Alaska.
What is the median home price in Yukon-Koyukuk Census Area, Alaska?
The median home price in Yukon-Koyukuk Census Area, Alaska is $110,171, lower than the Alaska average of $303,164.
What is the average home price in Yukon-Koyukuk Census Area, Alaska?
The typical home price in %s, reported as the median sale price, is %s. 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 Yukon-Koyukuk Census Area, Alaska?
The median gross rent in Yukon-Koyukuk Census Area, Alaska is $892 per month, lower than the Alaska average of $1,387.
What was the median gross rent in Yukon-Koyukuk Census Area in 2020?
In 2020, the median gross rent in Yukon-Koyukuk Census Area, Alaska was $823 per month.
What is the price-to-rent ratio in Yukon-Koyukuk Census Area, Alaska?
The price-to-rent ratio in Yukon-Koyukuk Census Area, Alaska is about 10.3, meaning it would take roughly 10.3 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 Yukon-Koyukuk Census Area.
Are home prices or rent rising faster in Yukon-Koyukuk Census Area, Alaska?
Both home prices and rent are rising in Yukon-Koyukuk Census Area, up about 5.6% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yukon-Koyukuk Census Area, Alaska?
41.4% of households in Yukon-Koyukuk Census Area, Alaska own their home, lower than the Alaska average of 54.5%.
What is the vacancy rate in Yukon-Koyukuk Census Area, Alaska?
The housing vacancy rate in Yukon-Koyukuk Census Area, Alaska is 41.5%, higher than the Alaska average of 18.2%.