Aleutians East Borough Real Estate and Livability Trends
Aleutians East Borough, Alaska presents a unique landscape for potential investors with median home values fluctuating from $126,100 in 2015 to $164,100 in 2022. In contrast, Alaska as a whole saw a more consistent rise from $250,000 to $318,000, making this borough a potentially lower entry point for investment. Real estate taxes per return have varied, hinting at changing local government... Read more
Aleutians East Borough Market Trends
Aleutians East Borough, Alaska, offers intriguing real estate opportunities with its lower median home values compared to state and national trends. With median home values reaching $164,100 in 2022, the area presents a more affordable entry point, especially enticing for property investors or new residents. Meanwhile, real estate tax rates have shown some fluctuation, potentially hinting at... Read more
Median Value of Occupied Housing Units in Aleutians East Borough, Alaska Over the Last 8 Years
In Aleutians East Borough, Alaska, median home values have seen significant fluctuations over the last eight years, starting at $126,100 in 2015, dipping to $119,900 in 2019, and then surging to $164,100 in 2022. When compared to the statewide trend in Alaska, the borough's median values are markedly lower, with Alaska's median home value rising steadily from $250,000 in 2015 to $318,000 in 2022. Nationally, the median home values have also risen, from $125,500 in 2015 to $179,400 in 2022. This makes Aleutians East Borough an intriguing prospect for potential property investors and new residents, offering relatively lower entry points amid broader upward trends.
Average Real Estate Taxes Per Tax Return in Aleutians East Borough, AK Over the Last 4 Years
Aleutians East Borough, Alaska, has seen fluctuating real estate taxes per tax return over the past years. Beginning at $3,266.67 in 2012, there was a decline to $2,333.33 by 2014, before increasing again to $3,350.00 in 2017. This variability might indicate shifting local government financial policies or economic factors impacting property assessments. Potential investors or residents should consider these trends when evaluating the area's tax stability and potential long-term commitments.
Number of Mortgages by Occupancy Type in Aleutians East Borough, AK Over the Last 5 Years in Aleutians East Borough
Over the past five years, Aleutians East Borough, Alaska has seen a steady number of mortgages for principal residences, with counts hovering around 7-9 per year. In contrast, investment properties and second residences recorded minimal activity, each peaking at just one mortgage in 2022 and 2020, respectively. These trends suggest a predominantly stable and residential market, which might be less appealing for investors seeking growth opportunities but beneficial for families looking for a quiet, consistent community. Appraisers and real estate agents should take note of this stability when assessing property values, while insurance agents might see it as an indicator of lower-risk, long-term occupancy.
Economic Outlook
In Aleutians East Borough, Alaska, the average taxable income per tax return has shown notable fluctuations, reaching a high of $60,704.23 in 2021 after dipping to $45,865.43 in 2018. The erratic changes suggest local economic volatility, possibly due to shifting industries or broader economic factors. State and local income taxes have also seen significant variation, with a marked jump from $300.00 in 2016 to $666.67 in 2017, potentially indicating changes in fiscal policy or economic... Read more
Average Taxable Income per Tax Return in Aleutians East Borough, AK over the last 9 years
Average taxable income per tax return in Aleutians East Borough, AK exhibited notable fluctuations over the past nine years, with significant increases and decreases. Income saw a peak in 2017 at $53,686.67, followed by a drop in 2018 to $45,865.43. The most significant spike occurred in 2021, reaching $60,704.23. These trends can indicate economic volatility, likely influenced by local industry shifts or broader economic factors, impacting residents' financial stability and potential newcomers' expectations.
Average State and Local Income Taxes Per Tax Return in Aleutians East Borough, AK Over the Last 4 Years
Aleutians East Borough, AK has seen consistent state and local income taxes per tax return at $300.00 from 2012 to 2016, but 2017 marked a significant spike to $666.67. This sudden increase may influence economic decisions for current and prospective residents, possibly indicating changes in local fiscal policies or economic conditions impacting tax liabilities.
Average Total Tax Liability Per Tax Return in Aleutians East Borough, AK Over the Last 10 Years
Aleutians East Borough, Alaska has experienced fluctuating average total tax liabilities per tax return over the past decade, with noticeable peaks and valleys. For instance, tax liabilities soared to $7,923.38 in 2015 and saw another significant rise to $9,060.53 in 2017, eventually reaching $9,276.67 in 2021. However, there were also periods of decline, with notable drops to $5,445.31 in 2018 and $5,700.00 in 2020. This volatility could reflect changes in local economic conditions or variations in income levels, underscoring the importance of staying informed about financial trends for those considering investment or relocation to this region.
Cost of Living in Aleutians East Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,502 | $1,922 | $2,739 | $1,685 | $1,608 |
| 1 adult 4 children | $1,502 | $1,570 | $2,119 | $1,685 | $1,713 |
| 2 adults 3 children | $1,502 | $1,570 | $2,364 | $1,685 | $1,310 |
| 1 adult 3 children | $1,502 | $1,282 | $1,744 | $1,685 | $1,405 |
| 2 adults 2 children | $1,234 | $1,285 | $1,989 | $1,471 | $1,050 |
| 1 adult 2 children | $1,234 | $960 | $1,369 | $1,471 | $1,068 |
| 2 adults 1 child | $1,234 | $1,016 | $1,614 | $775 | $890 |
| 1 adult 1 child | $1,234 | $656 | $995 | $775 | $792 |
| 2 adults | $937 | $816 | $1,239 | $0 | $706 |
| 1 adult | $865 | $445 | $620 | $0 | $579 |
Demographics
Aleutians East Borough, Alaska, shows a male-leaning adult population with a higher number of men than women. Educational attainment levels reveal that high school graduates form the largest group, while advanced degrees are relatively rare. The age distribution appears balanced, with notable representation across various age brackets, although the 25-34 age group is the most prevalent. The racial makeup is predominantly American Indian and Alaska Native, followed by Asian and White... Read more
Race Distribution in Aleutians East Borough, Alaska (2022)
Educational Attainment in Aleutians East Borough, Alaska (2022)
Age Distribution in Aleutians East Borough, Alaska
Citizen Population in Aleutians East Borough, Alaska (2022)
School Data
In Aleutians East Borough, Alaska, the student-to-teacher ratio has fluctuated between 7 and 9 students per teacher over the past decade, significantly lower than the national average of 14 students per teacher. This lower ratio can suggest more personalized educational attention, which may appeal to families and influence local property values. Real estate agents, investors, appraisers, and insurance agents might find this educational metric valuable when assessing the area's market appeal and... Read more
Student-to-teacher ratio in Aleutians East Borough, Alaska over the last 10 years
Over the past decade, Aleutians East Borough, Alaska has seen its student-to-teacher ratio fluctuate between roughly 7 and 9 students per teacher. Compared to the national average of 14 students per teacher, the borough’s ratios are significantly lower. This lower ratio could potentially translate to more personalized attention for each student, which might be appealing for families considering a move to the area. Additionally, this metric is of interest to real estate agents and investors as it can reflect the quality of education, which often influences property values. Appraisers and insurance agents might also factor this into their assessments, considering the potential attractiveness of strong educational support in the community.
