Matanuska-Susitna Borough Real Estate and Livability Trends
Matanuska-Susitna Borough, Alaska has seen home values rise from $224,900 in 2015 to $296,900 in 2022, suggesting an appealing investment landscape. At the same time, real estate taxes have surged, jumping from about $3,371.60 in 2012 to $5,694.98 in 2021. Persistent yet stable agricultural activity offers specific local agribusiness opportunities. Crime data reveal variability, with burglary and... Read more
Matanuska-Susitna Borough Market Trends
In Matanuska-Susitna Borough, Alaska, home values have seen steady growth over the past eight years, moving from $224,900 in 2015 to $296,900 in 2022, making the area potentially attractive for investments due to its affordability compared to the state average. Real estate taxes have also surged, rising from about $3,371.60 in 2012 to around $5,694.98 in 2021, with a significant jump between 2017... Read more
Median Value of Occupied Housing Units in Matanuska-Susitna Borough, Alaska Over the Last 8 Years
Over the past eight years, home values in Matanuska-Susitna Borough, Alaska have experienced steady growth, with median values moving from $224,900 in 2015 to $296,900 in 2022. This rise is significant when compared to state and national trends. While Alaska's median home values climbed from $250,000 to $318,000 in the same period, the national median lingered well below, rising from $125,500 to $179,400. This suggests that Matanuska-Susitna Borough may offer attractive investment opportunities, especially considering it remains more affordable than the state average, yet it shows comparable growth dynamics. For buyers and investors, this region's potential for property appreciation appears promising, making it a considerable option for those looking to invest in or relocate to Alaska.
Residential Energy Tax Credit Per Tax Return in Matanuska-Susitna Borough, AK Over the Last 9 Years
The Residential Energy Tax Credit in Matanuska-Susitna Borough, Alaska has shown significant volatility over the last nine years. Starting at $461.39 in 2013, there has been a notable increase with peaks such as $2,400.00 in 2018. This data indicates fluctuating investment in energy-efficient upgrades among residents, making it an essential consideration for potential investors or those looking to build or move into the borough. Understanding these trends can help gauge community commitment to sustainable living and potential financial incentives.
Average Real Estate Taxes Per Tax Return in Matanuska-Susitna Borough, AK Over the Last 10 Years
Matanuska-Susitna Borough in Alaska has experienced a notable rise in average real estate taxes per tax return over the past decade, increasing from approximately $3,371.60 in 2012 to around $5,694.98 in 2021. The most substantial jump appeared between 2017 and 2018, where taxes surged by about 31%, from $4,184.60 to $5,491.37. This upward trajectory may signal both increased valuations and potential investment opportunities but could also imply higher costs for homeowners.
Percentage of Farm Returns in Matanuska-Susitna Borough, AK Over the Last 10 Years
In Matanuska-Susitna Borough, Alaska, the percentage of farm tax returns has shown slight fluctuations over the last ten years. Starting at 0.7208% in 2012, there was a peak in 2017 at 0.7707% before declining to 0.6529% in 2020. This steady yet minimal change indicates a relatively stable farming sector. For those looking to invest or build property in the area, this consistency can be seen as a sign of a persistent agricultural presence, offering potential opportunities in the local agribusiness market. Moreover, the slight declines in the recent years might signify shifts that are worthy of further investigation.
Number of Mortgages by Occupancy Type in Matanuska-Susitna Borough, AK Over the Last 5 Years in Matanuska-Susitna Borough
In Matanuska-Susitna Borough, Alaska, the trends in mortgage counts over the past five years suggest a predominance of principal residences, with a noticeable peak in 2021. Investment properties and second residences have remained relatively stable but significantly lower than primary homes. Understanding these shifts in occupancy type can be crucial for investors and developers since high demand for principal residences often drives up property values, making the area attractive for new housing developments. For appraisers and insurance agents, recognizing the prevalence of homeowner-occupied properties versus rentals can impact valuation and risk assessments, thus influencing premiums and lending practices. Additionally, real estate agents can tailor marketing strategies based on these trends to better meet the demand in specific categories.
Economic Outlook
Over the past nine years, Matanuska-Susitna Borough, Alaska has seen average taxable incomes rise from $64,538.73 in 2013 to $81,684.23 in 2021, indicating significant economic growth. However, this has also coincided with a substantial increase in state and local income taxes, peaking at $3,462.50 in 2021. Tax liabilities reflect this upward trend, reaching as high as $12,566.46 in 2021, despite some fluctuations. Poverty rates have been erratic, peaking at 11.2% in 2017, but generally... Read more
Average Taxable Income per Tax Return in Matanuska-Susitna Borough, AK over the last 9 years
Over the past nine years, Matanuska-Susitna Borough, AK has seen a steady increase in average taxable income per tax return. From $64,538.73 in 2013 to $81,684.23 in 2021, the trend reveals a notable rise in income levels, showcasing economic growth in the region. This upward trajectory may attract new residents seeking areas with improving financial prospects and stability.
Average State and Local Income Taxes Per Tax Return in Matanuska-Susitna Borough, AK Over the Last 10 Years
Over the past decade, Matanuska-Susitna Borough, AK has experienced a significant increase in average state and local income taxes per tax return, peaking at $3,462.50 in 2021. This sharp rise, particularly noticeable from 2017 onwards, marks a substantial burden on residents compared to the $1,040.09 recorded in 2012. Prospective residents should be aware of this escalating tax trend as they consider the financial implications of relocation.
Average Total Tax Liability Per Tax Return in Matanuska-Susitna Borough, AK Over the Last 10 Years
Over the last decade, Matanuska-Susitna Borough, Alaska has seen a notable fluctuation in average tax liability per return, peaking at $12,566.46 in 2021. Despite some dips, such as in 2018 at $9,974.29, there's a general upward trend, reflecting potential economic growth or changes in demographic wealth. For investors or potential residents, understanding these shifts can be crucial for financial planning and assessing the borough's economic health.
Cost of Living in Matanuska-Susitna Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,654 | $1,874 | $2,412 | $1,769 | $1,628 |
| 1 adult 4 children | $1,654 | $1,530 | $1,862 | $1,769 | $1,747 |
| 2 adults 3 children | $1,654 | $1,531 | $2,084 | $1,769 | $1,349 |
| 1 adult 3 children | $1,654 | $1,250 | $1,534 | $1,769 | $1,475 |
| 2 adults 2 children | $1,164 | $1,253 | $1,756 | $1,533 | $1,020 |
| 1 adult 2 children | $1,164 | $936 | $1,206 | $1,533 | $1,020 |
| 2 adults 1 child | $1,164 | $990 | $1,428 | $767 | $850 |
| 1 adult 1 child | $1,164 | $640 | $878 | $767 | $743 |
| 2 adults | $884 | $796 | $1,100 | $0 | $679 |
| 1 adult | $830 | $434 | $550 | $0 | $563 |
Safety trends & Data
Property crime trends in Matanuska-Susitna Borough, Alaska, have shown noticeable variability over the past five years. Burglary incidents peaked at 193 cases in 2019 before declining to 118 by 2021, while vandalism cases peaked in 2019 with 203 incidents and saw a slight increase to 214 by 2022. Larceny-theft has generally decreased from 283 in 2018 to 155 in 2022, and motor vehicle theft dropped from 99 in 2018 to 66 in 2022. These crime trends could potentially impact decisions by investors,... Read more
Property Crime Trends in Matanuska-Susitna Borough, AK Over the Last 5 Years
Property crime trends in Matanuska-Susitna Borough, Alaska, over the past five years suggest a fluctuating pattern, with noticeable variability in crime categories. Burglary incidents seem to have peaked in 2019 with 193 cases, then saw a decline reaching 118 by 2021. Vandalism cases were relatively high throughout, peaking in 2019 with 203 cases and slightly increasing in 2022 to 214 cases. Larceny - Theft has seen a general decrease from 283 in 2018 to 155 in 2022. Motor Vehicle Theft also shows a downtrend, dropping from 99 in 2018 to 66 in 2022. These patterns may influence decisions for potential investors, real estate agents, and those considering relocation or property development in the area.
Demographics
Matanuska-Susitna Borough, Alaska, shows a relatively balanced gender distribution with a slight male majority. The educational landscape leans heavily towards high school graduates, with nearly 24,000 individuals holding this level of education, and a substantial cohort having some college experience but no degree. Age distribution is fairly young, with significant populations under 35 years old. Racially, the borough is predominantly White, making up the vast majority but also includes small... Read more
Race Distribution in Matanuska-Susitna Borough, Alaska (2022)
Educational Attainment in Matanuska-Susitna Borough, Alaska (2022)
Age Distribution in Matanuska-Susitna Borough, Alaska
Citizen Population in Matanuska-Susitna Borough, Alaska (2022)
School Data
Matanuska-Susitna Borough, Alaska's student-to-teacher ratio soared to 36 in 2020, but has since stabilized near 22, still above the national average of 14. This could impact property values and demand due to potential classroom overcrowding or staffing issues, making it a key factor for investors and developers to... Read more
Student-to-teacher ratio in Matanuska-Susitna Borough, Alaska over the last 10 years
Matanuska-Susitna Borough, Alaska has seen notable fluctuation in its student-to-teacher ratios over the past decade, peaking dramatically at 36 in 2020 before settling around 22 in recent years. This is considerably higher than the national average of 14 students per teacher, potentially impacting classroom dynamics and resource allocation. These trends might influence decisions for investors, developers, and real estate professionals, as higher ratios could signal either growing student populations or staffing challenges, and may affect property values and demand in the area.
