Aleutians West Census Area Real Estate and Livability Trends
In Aleutians West Census Area, Alaska, median home values have surged from $217,500 in 2015 to $377,100 in 2022, reflecting a remarkable 73% increase. This trend suggests a dynamic real estate market, which might appeal to prospective investors and buyers. At the same time, rising real estate taxes and a noticeable uptick in principal residence and investment property loans indicate economic... Read more
Aleutians West Census Area Market Trends
In Aleutians West Census Area, Alaska, median home values have surged from $217,500 in 2015 to $377,100 in 2022, outpacing both state and national growth rates. This substantial 73% increase hints at a dynamic and potentially lucrative real estate environment. Real estate taxes in the area reflect this trend, climbing from $3,188.24 in 2012 to $5,500.00 in 2021, which might indicate economic... Read more
Median Value of Occupied Housing Units in Aleutians West Census Area, Alaska Over the Last 8 Years
Over the last 8 years, median home values in Aleutians West Census Area, Alaska have experienced substantial growth, increasing from $217,500 in 2015 to $377,100 in 2022. This 73% rise significantly outpaces the 43% and 43% growth rates seen both statewide in Alaska, where median home values climbed from $250,000 to $318,000, and nationally, where values grew from $125,500 to $179,400. For investors or prospective homeowners, this rapid appreciation might indicate a potentially lucrative but also more expensive real estate market compared to broader trends in Alaska and across the United States.
Average Real Estate Taxes Per Tax Return in Aleutians West Census Area, AK Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Aleutians West Census Area, Alaska have exhibited a generally upward trend, starting from $3,188.24 in 2012 to a peak of $5,500.00 in 2021. This increase may point towards a rise in property values or local tax rate adjustments, potentially signaling economic growth in the region. For investors and potential residents, this could mean a stable or appreciating property market, while existing homeowners might see higher taxes as a trade-off for increased property values.
Number of Mortgages by Occupancy Type in Aleutians West Census Area, AK Over the Last 5 Years in Aleutians West Census Area
Over the last 5 years in Aleutians West Census Area, Alaska, there's been noticeable variability in the number of mortgages based on occupancy type. Principal residences typically dominated the mortgage counts, peaking significantly in 2021 with 88 mortgages. Investment properties, although fewer in number, showed a slight overall increase with a spike in 2022. Second residences consistently had minimal mortgage counts. This fluctuation in occupancy type can be critical for investors, appraisers, and real estate agents to understand market dynamics and demand shifts. For instance, high principal residence mortgages suggest a stable population, whereas increasing investment property interest might indicate growing commercial opportunities or rental market potential.
Economic Outlook
Aleutians West Census Area, Alaska, has seen a notable rise in average taxable income per tax return from $54,849.58 in 2013 to $78,619.30 in 2021, hinting at growing economic opportunities in the region. State and local income taxes have similarly escalated, with an increase from $537.50 in 2012 to $1,600.00 in 2017, signaling higher financial obligations for residents. Additionally, average total tax liability has climbed from approximately $7,019.70 in 2012 to $11,960.39 in 2021, reflecting... Read more
Average Taxable Income per Tax Return in Aleutians West Census Area, AK over the last 9 years
Over the past nine years, Aleutians West Census Area, AK has experienced a steady and notable increase in average taxable income per tax return, starting at $54,849.58 in 2013 and reaching $78,619.30 in 2021. This upward trend indicates a growing economic prosperity in the region, making it an increasingly attractive place for potential residents seeking better financial opportunities.
Average State and Local Income Taxes Per Tax Return in Aleutians West Census Area, AK Over the Last 6 Years
Over the past six years, Aleutians West Census Area, AK has seen a marked increase in state and local income taxes per tax return, jumping from $537.50 in 2012 to $1,600.00 in 2017. This consistent rise reflects growing financial obligations for residents, which is a crucial consideration for potential movers and current inhabitants assessing their cost of living and overall financial planning.
Average Total Tax Liability Per Tax Return in Aleutians West Census Area, AK Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Aleutians West Census Area, Alaska, has shown a general upward trajectory, climbing from around $7,019.70 in 2012 to $11,960.39 in 2021. Notable spikes occurred in 2015 and 2017, with liabilities reaching $9,336.22 and $9,774.43, respectively. More recent years have seen even steeper increases, possibly indicating economic growth or changes in tax policy impacting the area. For potential investors and residents, this trend highlights the evolving financial obligations and possibly shifting economic conditions in this part of Alaska.
Cost of Living in Aleutians West Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,187 | $1,922 | $2,739 | $1,997 | $1,776 |
| 1 adult 4 children | $2,187 | $1,570 | $2,119 | $1,997 | $1,900 |
| 2 adults 3 children | $2,187 | $1,570 | $2,364 | $1,997 | $1,492 |
| 1 adult 3 children | $2,187 | $1,282 | $1,744 | $1,997 | $1,631 |
| 2 adults 2 children | $1,797 | $1,285 | $1,989 | $1,743 | $1,171 |
| 1 adult 2 children | $1,797 | $960 | $1,369 | $1,743 | $1,235 |
| 2 adults 1 child | $1,797 | $1,016 | $1,614 | $918 | $958 |
| 1 adult 1 child | $1,797 | $656 | $995 | $918 | $919 |
| 2 adults | $1,365 | $816 | $1,239 | $0 | $727 |
| 1 adult | $1,202 | $445 | $620 | $0 | $639 |
Safety trends & Data
Property crime in Aleutians West Census Area, Alaska has shown varied trends over the last five years, with larceny-theft peaking at 7.00 in 2020 but dropping to 1.00 in 2021. Motor vehicle thefts have been more consistent, ranging between 2.00 and 5.00. Vandalism spiked to 7.00 in 2021, while burglary and arson occurrences were minimal. This might be helpful for investors and residents to gauge the security environment and adjust their expectations... Read more
Property Crime Trends in Aleutians West Census Area, AK Over the Last 5 Years
Property crime in Aleutians West Census Area, Alaska shows a varied trend over the last five years, with notable fluctuations. Larceny-theft incidents peaked at 7.0 in 2020 but dropped significantly to 1.0 in 2021. Motor vehicle thefts presented lower variability, maintaining a range between 2.0 and 5.0. Instances of vandalism surged to 7.0 in 2021, and burglary and arson were singular occurrences. Investors and residents may find these data useful in assessing the security environment and aligning their expectations.
Demographics
Aleutians West Census Area in Alaska shows a notable gender imbalance with nearly 70% of adults being male. Educational attainment is varied; over half of the population have achieved some level of college education, but a significant portion still does not have a high school diploma. The age distribution indicates a relatively young population, with the largest groups in the 25 to 54-year range. Racial diversity is evident with a prominent Asian community, comprising roughly 45% of the... Read more
Race Distribution in Aleutians West Census Area, Alaska (2022)
Educational Attainment in Aleutians West Census Area, Alaska (2022)
Age Distribution in Aleutians West Census Area, Alaska
Citizen Population in Aleutians West Census Area, Alaska (2022)
School Data
Aleutians West Census Area, Alaska has seen its student-to-teacher ratio shift significantly, from about ten students per teacher in 2014 to nearly 23 in 2019, and then settling around sixteen more recently. This volatility possibly reflects broader demographic or educational policy changes, suggesting a growing demand for educational resources. For prospective homebuyers, investors, or educators, these trends could impact local housing markets and community services, hinting at shifting needs... Read more
Student-to-teacher ratio in Aleutians West Census Area, Alaska over the last 10 years
In Aleutians West Census Area, Alaska, the student-to-teacher ratio has experienced significant fluctuations over the last decade. Starting at around ten students per teacher in 2014, the ratio spiked dramatically to nearly 23 in 2019, before gradually receding to approximately sixteen in 2023. While the 2022 ratio of close to fifteen is more aligned with the current U.S. national average of fourteen, the variability in this metric may reflect broader demographic or educational policy changes in the region. For those keen on investing in property, relocating, or working as educators, this shifting ratio could indicate changing demand for educational resources, potentially impacting local housing markets and community services.
