Haines Borough Real Estate and Livability Trends
Haines Borough, Alaska's real estate market has seen median home values jump from $211,400 in 2015 to $289,200 in 2022, outstripping national trends and demonstrating more volatility compared to the state's broader market. Average taxable incomes in the area rose from $50,501.46 in 2013 to $72,115.38 in 2021, though fluctuating state and local income taxes create financial uncertainties. Property... Read more
Haines Borough Market Trends
In Haines Borough, Alaska, median home values have surged from $211,400 in 2015 to $289,200 in 2022, outpacing national trends and showcasing more volatility compared to the state's overall market. Interestingly, real estate taxes peaked at $4,775 in 2019, indicating possible rising property values and enhanced local services. Mortgages for principal residences spiked in 2020 and 2021, suggesting... Read more
Median Value of Occupied Housing Units in Haines Borough, Alaska Over the Last 8 Years
In Haines Borough, Alaska, median home values have shown an upward trajectory over the past eight years, surging from $211,400 in 2015 to $289,200 in 2022. This increase is striking compared to the national trend, where the median home value grew from $125,500 to $179,400 during the same period. While Haines Borough's housing market shows more volatility than the state of Alaska overall, its ending value remains lower than Alaska's 2022 median of $318,000. This dynamic market, with both rapid rises and fluctuations, could appeal to savvy investors and buyers aiming for potentially faster appreciation rates.
Average Real Estate Taxes Per Tax Return in Haines Borough, AK Over the Last 10 Years
Over the past decade, Haines Borough, Alaska has seen fluctuating average real estate taxes per tax return, with a notable rise between 2015 and 2019, peaking at $4,775.00 in 2019. These increasing taxes could imply growing property values or higher funding needs for local services. For potential investors, builders, and residents, this trend might suggest a rising economic investment in the area, possibly enhancing the local infrastructure and public amenities. However, the variability also calls for a closer look at what drives these tax adjustments, ensuring informed decisions when considering property acquisitions or relocations.
Number of Mortgages by Occupancy Type in Haines Borough, AK Over the Last 5 Years in Haines Borough
In Haines Borough, Alaska, the number of mortgages for principal residences has shown notable year-over-year fluctuations, peaking significantly in 2020 and 2021. Investment property and second residence mortgages, however, have remained relatively stable with slight variations. These shifts hint at potential dynamics in local demand and property values that could matter for investors and builders planning projects, appraisers evaluating the market, or insurance agents assessing risk. Investors might see opportunities in the seemingly stable investment property market, while those moving to the area or real estate agents could be interested in the implications of the surge in principal residence mortgages.
Economic Outlook
Haines Borough, Alaska's real estate market is influenced by a fluctuating economic backdrop, with average taxable incomes rising notably from $50,501.46 in 2013 to $72,115.38 in 2021. The variable state and local income taxes, spiking to $2,250.00 in 2017, add another layer of financial uncertainty. Additionally, total tax liability saw a significant rise from $6,636.94 in 2012 to $12,980.18 in 2021, with the sharpest increase between 2020 and 2021, potentially impacting cost of living,... Read more
Average Taxable Income per Tax Return in Haines Borough, AK over the last 9 years
Over the past nine years, Haines Borough, AK has experienced notable fluctuations in average taxable income per tax return, with a significant rise from $50,501.46 in 2013 to $72,115.38 in 2021. The sharp increases in 2018 and 2021, along with a slight decline during 2019 and 2020, indicate economic variability that could influence decisions for prospective movers considering financial stability and growth potential in the area.
Average State and Local Income Taxes Per Tax Return in Haines Borough, AK Over the Last 6 Years
Over the past six years, Haines Borough, AK has seen a fluctuating trend in average state and local income taxes per tax return. From a modest $750.00 in 2012, the figure spiked to $1,333.33 in 2013 and experienced another high in 2015 at $1,900.00. Most notably, 2017 witnessed a peak at $2,250.00. These changes indicate a significant variability in local tax burdens, which is crucial for residents and potential new movers in understanding the financial demands of the borough.
Average Total Tax Liability Per Tax Return in Haines Borough, AK Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Haines Borough, Alaska, has seen a significant upward trend, increasing from approximately $6,636.94 in 2012 to $12,980.18 in 2021. The sharpest rise occurred between 2020 and 2021, suggesting recent economic or policy changes. This hike in tax liability may impact the cost of living, investment potential, and property values, making a crucial consideration for prospective residents and investors.
Cost of Living in Haines Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,700 | $1,866 | $2,358 | $1,751 | $1,618 |
| 1 adult 4 children | $1,700 | $1,524 | $1,825 | $1,751 | $1,745 |
| 2 adults 3 children | $1,700 | $1,524 | $2,035 | $1,751 | $1,338 |
| 1 adult 3 children | $1,700 | $1,244 | $1,502 | $1,751 | $1,448 |
| 2 adults 2 children | $1,311 | $1,248 | $1,712 | $1,528 | $1,034 |
| 1 adult 2 children | $1,311 | $932 | $1,179 | $1,528 | $1,063 |
| 2 adults 1 child | $1,311 | $986 | $1,389 | $805 | $880 |
| 1 adult 1 child | $1,311 | $637 | $856 | $805 | $786 |
| 2 adults | $996 | $792 | $1,066 | $0 | $690 |
| 1 adult | $919 | $432 | $533 | $0 | $559 |
Safety trends & Data
Property crime in Haines Borough, Alaska appears relatively low and sporadic, with just one incident reported each year over the past four years—Larceny-Theft in 2018, Vandalism in 2019, and Burglary in both 2021 and 2022. This minimal, yet unpredictable trend could be attractive to individuals prioritizing safety and stability for investment or... Read more
Property Crime Trends in Haines Borough, AK Over the Last 4 Years
Haines Borough, Alaska has seen sporadic occurrences in property crimes over the past four years, with each year showing only one incident - Larceny-Theft in 2018, Vandalism in 2019, and Burglary in both 2021 and 2022. This unpredictable but relatively low crime trend might appeal to those who prioritize safety and stability when considering investment or relocation.
Demographics
Haines Borough, Alaska presents an interesting demographic composition with a nearly equal split between male (715) and female (690) adults as of 2022. Educational attainment skews towards high school graduates, with a notable number holding bachelor's or graduate degrees. The age distribution tilts older, with significant populations in the 55 to 74 years bracket. Racially, the borough is predominantly White, but it also includes a small but present American Indian, Alaska Native, and Asian... Read more
Race Distribution in Haines Borough, Alaska (2022)
Educational Attainment in Haines Borough, Alaska (2022)
Age Distribution in Haines Borough, Alaska
Citizen Population in Haines Borough, Alaska (2022)
School Data
Haines Borough, Alaska has experienced dramatic fluctuations in its student-to-teacher ratios, reaching a high of seventy in 2021 before dropping to thirty-four in 2023. This stands in stark contrast to the U.S. national average of fourteen and could signal periods of overburdened educators or significant changes in school programs. Such trends may influence decisions by prospective residents, investors, and real estate agents by indirectly affecting educational quality and community... Read more
Student-to-teacher ratio in Haines Borough, Alaska over the last 10 years
Over the past decade, Haines Borough, Alaska has seen significant fluctuations in its student-to-teacher ratios, peaking at seventy in 2021 before dropping to thirty-four in 2023. These dramatic shifts contrast sharply with the U.S. national average of fourteen students per teacher, reflecting periods of either overburdened educators or perhaps programmatic changes. Understanding these trends could be valuable for prospective residents, investors, and real estate agents as they imply potential impacts on educational quality and community well-being. This variability also presents risks and considerations for appraisers and insurance agents assessing properties in the area, as educational resources can be a pivotal factor in property valuation and risk assessment.
