Juneau City and Borough Real Estate and Livability Trends
Juneau City and Borough, Alaska's real estate market reveals notable trends: Median home values have surged from $323,500 in 2015 to $404,600 in 2022, surpassing both state and national averages. The real estate tax climb, peaking at $5,732.17 in 2020, suggests rising property values and fiscal demands. A decrease in motor vehicle thefts and larceny-theft cases since 2018 reflects potential... Read more
Juneau City and Borough Market Trends
Juneau City and Borough, Alaska, has experienced a sharper rise in median home values, jumping from $323,500 in 2015 to $404,600 in 2022, outpacing both state and national trends. Residential energy tax credits peaked at $805.26 per tax return in 2021, showing significant fluctuations, which might appeal to those looking to maximize energy-efficient home incentives. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Juneau City and Borough, Alaska Over the Last 8 Years
Juneau City and Borough, Alaska, has seen median home values rise from $323,500 in 2015 to $404,600 in 2022. This increase is more aggressive compared to Alaska's overall jump from $250,000 to $318,000 in the same period. Nationally, the median value started much lower at $125,500 in 2015 and reached $179,400 in 2022. These trends suggest that Juneau's real estate market is quite robust, potentially offering attractive gains for investors and those looking to settle in the area.
Residential Energy Tax Credit Per Tax Return in Juneau City and Borough, AK Over the Last 8 Years
Residential energy tax credits in Juneau City and Borough, Alaska have shown significant fluctuations over the past eight years. These credits peaked at $805.26 per tax return in 2021, a notable increase from $468.29 in 2013. The lowest point was in 2014 at $425.00, highlighting a volatile but generally upward trend. This variability offers opportunities for savvy investors and homeowners to capitalize on energy-efficient improvements and financial incentives, especially given the rising peak in recent years.
Average Real Estate Taxes Per Tax Return in Juneau City and Borough, AK Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Juneau City and Borough, Alaska have shown a consistent upward trend. Starting at $3,772.34 in 2012, there has been a notable increase, peaking at approximately $5,732.17 in 2020. This gradual rise suggests a potential escalation in property values and fiscal burdens, interesting for potential investors and residents considering the area's financial landscape. The spike in 2018 and continuous growth afterward could hint at significant developments or shifts in the local economy, potentially affecting decisions on property investments.
Percentage of Farm Returns in Juneau City and Borough, AK Over the Last 10 Years
Farm returns in Juneau City and Borough, Alaska have seen some slight fluctuations over the last decade. While the percentage of farm returns was relatively stable from 2012 to 2017, ranging around 0.17% to 0.18%, there was a noticeable increase in 2018, reaching 0.24%. After peaking, it slightly declined to around 0.19% by 2021. These variations are crucial for anyone considering investment, relocation, or development in the region, as they reflect the area's agricultural productivity and economic stability. In this context, farm tax returns are the annual financial filings by farm owners, providing an insight into the agricultural sector's health and sustainability within the borough. Understanding these numbers helps gauge long-term economic trends and predict future growth in the agriculture industry.
Number of Mortgages by Occupancy Type in Juneau City and Borough, AK Over the Last 5 Years in Juneau City and Borough
In Juneau City and Borough, Alaska, over the past five years, principal residences have consistently dominated the mortgage market, with their numbers peaking in 2020 at 2,442 and then sharply declining to 1,033 in 2022. Investment properties and second residences have seen considerably lower and more stable figures, with noticeable dips in 2022. These shifts are crucial for investors, appraisers, and real estate agents as they reflect changing buyer behaviors, potentially influenced by economic factors or lifestyle shifts. A decline in principal residence mortgages could signal a softening housing market, while a stable but low number of investment and second-property mortgages suggests niche opportunities. Understanding these trends helps in making informed decisions on property values, investment potentials, and market focuses.
Economic Outlook
Juneau City and Borough, Alaska has experienced a notable rise in average taxable income, reaching $90,044.14 in 2021, suggesting a thriving local economy. However, this prosperity is paired with fluctuating and generally increasing state and local income taxes, which hit a peak of $4,547.06 in 2018. This combined with the rising total tax liability, which grew from $10,689.49 in 2012 to $13,789.34 in 2021, underscores a higher cost of living and fiscal responsibility for residents, which could... Read more
Average Taxable Income per Tax Return in Juneau City and Borough, AK over the last 9 years
Over the past nine years, Juneau City and Borough, AK have seen a consistent and significant rise in average taxable income per tax return. This upward trend, culminating in a notable jump to $90,044.14 in 2021, indicates robust economic growth and increasing prosperity for residents. Such financial improvements are compelling for prospective movers or current residents looking for a thriving community.
Average State and Local Income Taxes Per Tax Return in Juneau City and Borough, AK Over the Last 10 Years
Over the past decade, Juneau City and Borough, AK has seen significant fluctuations in state and local income taxes per tax return. Notably, there was a substantial spike in 2018 when average taxes soared to $4547.06, likely reflecting policy changes or economic factors unique to that period. Despite some volatility, the general trend indicates a higher tax burden in recent years compared to earlier in the decade, impacting financial planning and cost of living considerations for residents and newcomers.
Average Total Tax Liability Per Tax Return in Juneau City and Borough, AK Over the Last 10 Years
Over the past decade, Juneau City and Borough, Alaska has seen a general upward trend in total tax liability per tax return, with notable peaks in 2014 and 2021. Starting at $10,689.49 in 2012 and rising to $13,789.34 in 2021, this increase highlights a growing tax burden on residents. Such data could be crucial for potential investors, builders, and residents as it reflects the economic climate and fiscal policies impacting disposable incomes and public services in the area.
Cost of Living in Juneau City and Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,130 | $1,858 | $2,358 | $2,115 | $1,871 |
| 1 adult 4 children | $2,130 | $1,517 | $1,825 | $2,115 | $1,982 |
| 2 adults 3 children | $2,130 | $1,518 | $2,035 | $2,115 | $1,601 |
| 1 adult 3 children | $2,130 | $1,239 | $1,502 | $2,115 | $1,744 |
| 2 adults 2 children | $1,499 | $1,242 | $1,712 | $1,841 | $1,173 |
| 1 adult 2 children | $1,499 | $928 | $1,179 | $1,841 | $1,214 |
| 2 adults 1 child | $1,499 | $982 | $1,389 | $950 | $939 |
| 1 adult 1 child | $1,499 | $634 | $856 | $950 | $874 |
| 2 adults | $1,176 | $789 | $1,066 | $0 | $723 |
| 1 adult | $1,002 | $430 | $533 | $0 | $580 |
Safety trends & Data
Juneau City and Borough, Alaska, has seen a marked decline in larceny-theft cases, dropping from 152 in 2018 to 61 in 2022. Motor vehicle thefts also decreased significantly between 2019 and 2020. Burglary incidents spiked to 49 in 2020 but fell back to 18 by 2022, which might suggest improved community safety or law enforcement. Vandalism rates have remained mostly stable with a slight decrease in 2022. These trends could be pivotal for investors and real estate professionals assessing... Read more
Property Crime Trends in Juneau City and Borough, AK Over the Last 4 Years
Juneau City and Borough, Alaska, has shown varied trends in property crime over the past four years. Noteworthy is a general downward trend in larceny-theft, dropping from 152 cases in 2018 to just 61 in 2022, and a significant drop in motor vehicle thefts between 2019 and 2020. However, burglary rates spiked in 2020 with 49 incidents but fell back to 18 by 2022, indicating potential shifts in community safety or law enforcement efficacy. Meanwhile, vandalism numbers have remained relatively consistent, with a slight decrease observed in 2022. These patterns may offer crucial insights for potential investors, real estate agents, or insurance assessors evaluating property risks in the region.
Demographics
Juneau City and Borough, Alaska, showcases a notably balanced gender distribution with a slight male majority. The area has a relatively high educational attainment, with a significant portion of the population holding bachelor's and graduate degrees. Age-wise, the population skews young but shows a substantial presence of residents aged 55 and older. The racial makeup is predominantly White, but there's a notable representation of American Indian and Alaska Native individuals, reflective of... Read more
Race Distribution in Juneau City and Borough, Alaska (2022)
Educational Attainment in Juneau City and Borough, Alaska (2022)
Age Distribution in Juneau City and Borough, Alaska
Citizen Population in Juneau City and Borough, Alaska (2022)
School Data
The student-to-teacher ratio in Juneau City and Borough, Alaska, has seen notable fluctuations over the past decade, peaking at 23 in 2015 before decreasing to around 18 recently. Although improved, this ratio still exceeds the national average of 14 students per teacher, which could signal larger class sizes and higher demands on teachers. This data might be crucial for investors and appraisers in real estate, as it impacts perceived education quality and community desirability, influencing... Read more
Student-to-teacher ratio in Juneau City And Borough, Alaska over the last 10 years
Over the past decade, the student-to-teacher ratio in Juneau City and Borough, Alaska, has fluctuated, peaking at 23 in 2015 and gradually decreasing to around 18 in recent years, with the latest data showing a ratio of almost 18. Although there has been improvement, this ratio still exceeds the current national average of 14 students per teacher, which may indicate larger class sizes and potentially more significant demands on teachers. Investors, appraisers, and those in real estate might find this data pertinent, as it can reflect on the quality of education and local priorities, influencing property values and community attractiveness. Specific student-to-teacher ratios may hint at opportunities or challenges for educational infrastructure and can be a critical factor for families considering moving to or investing in this region of Alaska.
