Hoonah-Angoon Census Area Real Estate and Livability Trends
In Hoonah-Angoon Census Area, Alaska, average taxable income per tax return peaked at $59,927.37 in 2021, hinting at improved financial conditions despite previous volatility. Median home values soared to $243,800 in 2022, recovering from $221,600 in 2020, making the area more affordable than Alaska’s broader market but still above the national median. Real estate taxes and mortgage counts have... Read more
Hoonah-Angoon Census Area Market Trends
Median home values in Hoonah-Angoon Census Area, Alaska surged to $243,800 in 2022, a rebound from the $221,600 seen in 2020. Compared to Alaska's broader market where median values hit $318,000, Hoonah-Angoon remains more affordable but still higher than the national median of $179,400. Meanwhile, real estate taxes have fluctuated, peaking at $3,433.33 in 2016 and dipping to $2,625.00 in 2017.... Read more
Median Value of Occupied Housing Units in Hoonah-Angoon Census Area, Alaska Over the Last 8 Years
Median home values in the Hoonah-Angoon Census Area, Alaska over the last eight years have shown some volatility but recently surged to $243,800 in 2022. This increase marks a notable rebound compared to the previous years, especially when considering the lower values around $221,600 in 2020. When stacked against the broader Alaskan market, where median home values hit $318,000 in 2022, it’s clear that Hoonah-Angoon's property market remains more affordable. However, it's considerably higher than the national median, which reached $179,400 in 2022. These dynamics suggest that while the area offers opportunities for more affordable investment compared to the state average, it’s still a premium compared to national trends.
Average Real Estate Taxes Per Tax Return in Hoonah-Angoon Census Area, AK Over the Last 6 Years
Real estate taxes in Hoonah-Angoon Census Area, Alaska, have shown some fluctuation over the last six years. While they hit a high of $3,433.33 in 2016, they saw a notable dip to $2,625.00 in 2017. Investors and property developers should keep an eye on these variances as they could significantly impact overall costs. Potential residents might find this trend useful for budgeting, especially considering the peak years versus the more budget-friendly ones.
Number of Mortgages by Occupancy Type in Hoonah-Angoon Census Area, AK Over the Last 5 Years in Hoonah-Angoon Census Area
Over the past five years, the Hoonah-Angoon Census Area, Alaska has seen fluctuations in mortgage counts predominantly for principal residences, peaking in 2021 with 37 occurrences. Meanwhile, investment properties have remained notably stable, showing minimal variation. The number of second residences experienced relatively small, yet significant changes, particularly in 2021 and 2022. Understanding these shifts in occupancy type can be crucial for investors and developers, as it hints at local housing demands and resident preferences. These trends may also guide insurance agents and appraisers in assessing risk and property value, aligning real estate strategies with actual market dynamics.
Economic Outlook
In Hoonah-Angoon Census Area, Alaska, the average taxable income per tax return peaked at $59,927.37 in 2021, marking an upward trend that suggests improving financial conditions despite past economic volatility. Similarly, the average total tax liability per tax return has shown significant fluctuations, with recent years settling into more stable, higher amounts—surpassing $9,000 consistently since 2017. This could indicate increasing financial accountability, offering relevant insights for... Read more
Average Taxable Income per Tax Return in Hoonah-Angoon Census Area, AK over the last 9 years
Over the past nine years, the average taxable income per tax return in Hoonah-Angoon Census Area, AK has shown notable fluctuations with a significant increase in 2021, reaching $59,927.37. This peak follows a series of variable income levels, suggesting economic volatility yet a recent upward trend that could indicate improving financial conditions. Potential movers or residents might see this as a sign of economic growth and stabilization in the area.
Average Total Tax Liability Per Tax Return in Hoonah-Angoon Census Area, AK Over the Last 10 Years
Over the last 10 years, the average total tax liability per tax return in Hoonah-Angoon Census Area, Alaska has seen significant fluctuations, peaking at $10,036.71 in 2013 and hitting a low of $6,248.68 in 2012. While there was noticeable volatility, recent years have shown more stabilized higher figures, particularly from 2017 onwards with amounts consistently surpassing $9,000 in 2017 and 2021. This trend implies an increasing financial accountability in the area, providing relevant insights for potential investors, new residents, and property developers concerning the local economic environment.
Cost of Living in Hoonah-Angoon Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,529 | $1,886 | $2,358 | $1,683 | $1,572 |
| 1 adult 4 children | $1,529 | $1,540 | $1,825 | $1,683 | $1,705 |
| 2 adults 3 children | $1,529 | $1,541 | $2,035 | $1,683 | $1,289 |
| 1 adult 3 children | $1,529 | $1,258 | $1,502 | $1,683 | $1,406 |
| 2 adults 2 children | $1,219 | $1,261 | $1,712 | $1,469 | $1,025 |
| 1 adult 2 children | $1,219 | $942 | $1,179 | $1,469 | $1,061 |
| 2 adults 1 child | $1,219 | $997 | $1,389 | $774 | $878 |
| 1 adult 1 child | $1,219 | $644 | $856 | $774 | $791 |
| 2 adults | $928 | $801 | $1,066 | $0 | $700 |
| 1 adult | $855 | $437 | $533 | $0 | $573 |
Demographics
In Hoonah-Angoon Census Area, Alaska, the adult population skews male with significant gender disparity. Educational attainment presents a wide range, with the majority completing high school, though a considerable number have pursued higher education. The age distribution suggests a predominantly older demographic, with a notable portion over 55. Racially, the area is predominantly White and American Indian and Alaska Native, with minimal representation from other racial groups. This... Read more
Race Distribution in Hoonah-Angoon Census Area, Alaska (2022)
Educational Attainment in Hoonah-Angoon Census Area, Alaska (2022)
Age Distribution in Hoonah-Angoon Census Area, Alaska
Citizen Population in Hoonah-Angoon Census Area, Alaska (2022)
School Data
The student-to-teacher ratio in Hoonah-Angoon Census Area, Alaska has seen substantial shifts over the past decade, peaking at twenty-six students per teacher in 2017 before plunging to just over seven in 2021. Currently, it stands at thirteen, still below the national average of fourteen. These changes might mirror fluctuations in school funding, population trends, or policy shifts. Lower ratios often suggest more personalized student attention, which could attract families, whereas higher... Read more
Student-to-teacher ratio in Hoonah-Angoon Census Area, Alaska over the last 10 years
Over the last decade, the student-to-teacher ratio in Hoonah-Angoon Census Area, Alaska has fluctuated noticeably, hitting a high of twenty-six students per teacher in 2017 before dropping to just over seven in 2021. Currently, it stands at thirteen, which is still below the national average of fourteen students per teacher. These variations could be significant for potential investors, real estate agents, and families considering relocation as they may reflect changes in school funding, population shifts, or policy adjustments. Lower ratios might indicate more personalized attention for students, a potential draw for families, while higher ratios could signal resource constraints. Appraisers and insurance agents might find these factors useful when assessing property values and risk levels in the region.
