Dillingham Census Area Real Estate and Livability Trends
Dillingham Census Area, Alaska has seen a rise in average taxable income per tax return, hitting $60,891.96 in 2021, while the average total tax liability has also increased, suggesting a potentially more prosperous local economy. Interestingly, while Alaska's overall home values have risen, Dillingham saw a decline from $196,400 in 2016 to $167,700 in 2022. Education-wise, the student-to-teacher... Read more
Dillingham Census Area Market Trends
Median home values in the Dillingham Census Area have generally trended downward over the past eight years, dipping from a peak of $196,400 in 2016 to a low of $155,900 in 2021, before slightly rebounding to $167,700 in 2022. This contrasts with Alaska's overall rising market, where median home values have climbed from $250,000 in 2015 to $318,000 in 2022. Real estate taxes saw fluctuations,... Read more
Median Value of Occupied Housing Units in Dillingham Census Area, Alaska Over the Last 8 Years
Median home values in the Dillingham Census Area have generally trended downwards over the past eight years, with a peak at $196,400 in 2016, followed by a gradual decline to a low of $155,900 in 2021, before a slight rebound to $167,700 in 2022. This is in stark contrast to Alaska's overall market, where median home values have been steadily increasing from $250,000 in 2015 to $318,000 in 2022. Nationally, home values have also seen a growth trajectory, rising from $125,500 in 2015 to $179,400 in 2022. These differences indicate that while national and state-wide housing markets are generally on the rise, Dillingham's market may be experiencing unique local pressures. This divergence could present opportunities for potential buyers or investors looking for comparatively lower entry points in a market within an otherwise upward-trending state.
Average Real Estate Taxes Per Tax Return in Dillingham Census Area, AK Over the Last 10 Years
Real estate taxes per tax return in the Dillingham Census Area, Alaska have shown fluctuations over the past decade, with a notable spike to $4,633.33 in 2019. While there was a general upward trend from 2012 to 2015, the years following saw some variability. The rise in taxes could indicate increasing property values or changes in local tax rates, which might interest potential investors and current residents aiming to forecast future tax liabilities or gauge the area's economic climate.
Percentage of Farm Returns in Dillingham Census Area, AK Over the Last 2 Years
Farm tax returns in Dillingham Census Area, Alaska have seen a slight decline, dropping from 2.22% in 2020 to 2.14% in 2021. This could reflect a decrease in agricultural activity or profitability, which might impact decisions for potential investors or those considering agricultural ventures in the region. The stability close to 2% still signifies some level of rural enterprise, revealing opportunities in supporting services or innovation in farming techniques to possibly reverse the trend.
Number of Mortgages by Occupancy Type in Dillingham Census Area, AK Over the Last 5 Years in Dillingham Census Area
In the Dillingham Census Area of Alaska, mortgage trends over the last five years reveal a notable focus on principal residences, peaking in 2021 with 87 mortgages. Investment property mortgages and second residence mortgages consistently trailed behind, with only minor fluctuations. For potential investors and real estate agents, this trend highlights a more stable demand for primary homes, potentially indicating a family-centric market. Appraisers and insurance agents might deduce a lower risk profile for principal residences given their higher volume and steady demand. Builders and property developers could prioritize constructing homes that cater to long-term residents over vacation or rental properties.
Economic Outlook
Dillingham Census Area, Alaska has seen a steady rise in average taxable income per tax return over the last nine years, hitting $60,891.96 in 2021, up from $41,928.14 in 2013. Additionally, average total tax liability per tax return has risen significantly from $5,268.48 in 2012 to $10,905.59 in 2021. These trends suggest a potentially more prosperous local economy and higher earning opportunities, which could be appealing for investors, property developers, and prospective residents examining... Read more
Average Taxable Income per Tax Return in Dillingham Census Area, AK over the last 9 years
Dillingham Census Area, AK has seen a steady increase in the average taxable income per tax return over the last nine years, peaking significantly at $60,891.96 in 2021 from $41,928.14 in 2013. The notable jump in 2021 is particularly relevant for prospective movers or those comparing the financial landscape, indicating a potentially more prosperous local economy or higher earning opportunities recently.
Average Total Tax Liability Per Tax Return in Dillingham Census Area, AK Over the Last 10 Years
Over the past decade, Dillingham Census Area in Alaska has seen a notable upward trend in average total tax liability per tax return. There has been a significant increase from $5,268.48 in 2012 to $10,905.59 in 2021. This escalation is particularly pronounced in recent years, suggesting growing economic activity or income levels in the region. For investors, property developers, and prospective residents, this data can be a useful indicator of the area's potential growth and prosperity.
Cost of Living in Dillingham Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,535 | $2,035 | $2,715 | $1,672 | $1,519 |
| 1 adult 4 children | $1,535 | $1,662 | $2,101 | $1,672 | $1,608 |
| 2 adults 3 children | $1,535 | $1,662 | $2,344 | $1,672 | $1,215 |
| 1 adult 3 children | $1,535 | $1,357 | $1,729 | $1,672 | $1,303 |
| 2 adults 2 children | $1,261 | $1,361 | $1,972 | $1,460 | $973 |
| 1 adult 2 children | $1,261 | $1,016 | $1,358 | $1,460 | $967 |
| 2 adults 1 child | $1,261 | $1,075 | $1,600 | $769 | $834 |
| 1 adult 1 child | $1,261 | $695 | $986 | $769 | $712 |
| 2 adults | $958 | $864 | $1,229 | $0 | $655 |
| 1 adult | $884 | $471 | $614 | $0 | $535 |
Safety trends & Data
Dillingham Census Area, Alaska has experienced fluctuating property crime trends over the past five years, notably seeing a consistent decline in vandalism from 17 incidents in 2018 to just 1 in 2022. Burglary and larceny-theft spiked in 2019 with 7 cases each but have generally been on the decline since. Motor vehicle theft also peaked in 2019 with 5 incidents and has significantly decreased. This downward trend in property crime suggests a potential increase in safety, which could provide... Read more
Property Crime Trends in Dillingham Census Area, AK Over the Last 5 Years
Over the past five years, Dillingham Census Area, Alaska has witnessed fluctuating property crime trends. Notably, vandalism has consistently remained a concern, peaking at 17 incidents in 2018 but showing a declining pattern in subsequent years down to just 1 incident in 2022. Burglary and larceny-theft incidents saw an initial spike, particularly in 2019 with 7 cases each, but have generally been decreasing since then. Motor vehicle thefts peaked in 2019 with 5 incidents and have seen a significant drop, mirroring other forms of property crime. These trends provide valuable insights for investors, real estate agents, and residents, suggesting a potential increase in safety and possibly more favorable conditions for property development in recent years.
Demographics
Dillingham Census Area in Alaska reveals a nearly balanced gender ratio with a slight male majority. Educational attainment data suggests a predominant number of high school graduates, supplemented by a significant portion with some college experience but no degree. The age distribution leans slightly towards younger populations under 34 years, though there remains a steady representation across older age brackets. The racial composition is heavily skewed towards American Indian and Alaska... Read more
Race Distribution in Dillingham Census Area, Alaska (2022)
Educational Attainment in Dillingham Census Area, Alaska (2022)
Age Distribution in Dillingham Census Area, Alaska
Citizen Population in Dillingham Census Area, Alaska (2022)
School Data
Over the past decade, the student-to-teacher ratio in Dillingham Census Area, Alaska, has fluctuated significantly, peaking at 21:1 in 2014 before dropping to below 9:1 in 2022. Recent trends show the current ratio is around nine to ten students per teacher, significantly lower than the national average of 14. This shift towards smaller class sizes may suggest more focused educational environments, potentially attracting families to the area. For investors and developers, this information could... Read more
Student-to-teacher ratio in Dillingham Census Area, Alaska over the last 10 years
Over the past decade, the student-to-teacher ratio in Dillingham Census Area, Alaska has fluctuated significantly, ranging from as high as 21 students per teacher in 2014 to below nine in 2022. Notably, recent years show a trend towards smaller class sizes, hovering around nine to ten students per teacher, compared to the national average of 14. This could imply smaller, more focused educational environments potentially leading to better student outcomes, which may be attractive to families considering a move to the area. For investors and developers, understanding these trends could impact decisions on residential projects targeting families. School quality often influences property values, making this data valuable for real estate agents and appraisers assessing long-term value in Dillingham.
