Prince of Wales-Hyder Census Area Real Estate and Livability Trends
Prince of Wales-Hyder Census Area, Alaska, has seen a substantial 36% increase in median home values from $162,600 in 2015 to $220,800 in 2022, making it an intriguing option for investors, especially given its affordability compared to the state median. The rise in average taxable income per tax return from $50,628.75 in 2013 to $70,907.80 in 2021 suggests improved local economic conditions.... Read more
Prince of Wales-Hyder Census Area Market Trends
Prince of Wales-Hyder Census Area, Alaska has seen median home values jump from $162,600 in 2015 to $220,800 in 2022, a notable 36% rise that outpaces national growth. While state-wide median values in Alaska increased from $250,000 to $318,000, the local market’s growth remains more affordable, presenting potential investment opportunities. Additionally, the average residential energy tax... Read more
Median Value of Occupied Housing Units in Prince of Wales-Hyder Census Area, Alaska Over the Last 8 Years
Over the past eight years, median home values in Prince of Wales-Hyder Census Area, Alaska have shown considerable growth, rising from $162,600 in 2015 to $220,800 in 2022. This 36% increase substantially outpaces the national growth, where values went from $125,500 to $179,400 during the same period. Compared to the state of Alaska which saw a rise from $250,000 to $318,000, the local area’s increase is robust but occurs at a lower absolute value. For investors, this indicates a potentially lucrative market in Prince of Wales-Hyder, especially as it's catching up to broader state trends while remaining more affordable.
Residential Energy Tax Credit Per Tax Return in Prince of Wales-Hyder Census Area, AK Over the Last 2 Years
Over the past two years, Prince of Wales-Hyder Census Area in Alaska has seen a steady increase in average residential energy tax credit per tax return, rising from $225.00 in 2013 to $250.00 in 2014. This uptick highlights a growing focus on energy efficiency and the associated financial incentives for homeowners in the area. For investors, developers, or potential residents, this trend signifies an encouraging environment for sustainable living and potential cost savings on energy expenditures.
Average Real Estate Taxes Per Tax Return in Prince of Wales-Hyder Census Area, AK Over the Last 9 Years
Real estate taxes in Prince of Wales-Hyder Census Area, Alaska have largely trended upward over the past nine years, notably peaking at $4,950.00 in 2020. While there's some variability, the general increase could potentially affect housing affordability and the attractiveness for potential buyers or investors. For those considering building or investing in property, understanding these trends may help in anticipating future costs or investment returns.
Number of Mortgages by Occupancy Type in Prince of Wales-Hyder Census Area, AK Over the Last 5 Years in Prince of Wales-Hyder Census Area
In Prince of Wales-Hyder Census Area, Alaska, mortgage trends over the past five years highlight significant variations in occupancy types, with principal residences consistently dominating the market. Especially notable was 2020, which saw a sharp increase to 101 principal residence mortgages, possibly reflecting a surge in homebuying or refinancing activities. Investment properties and second residences maintained relatively low mortgage counts throughout this period. These changes in occupancy type are crucial for potential investors, appraisers, and real estate agents, as shifting demand for principal residences versus other property types can influence market dynamics, property values, and risk assessments. Understanding these trends helps stakeholders tailor their strategies and respond to evolving consumer preferences.
Economic Outlook
Prince of Wales-Hyder Census Area, Alaska, has seen a significant increase in average taxable income per tax return, from $50,628.75 in 2013 to $70,907.80 in 2021. This uptick hints at a strengthening local economy with potentially better job opportunities or rising wages. Interestingly, state and local income taxes seem to have fluctuated, peaking sharply at $5,200.00 in 2014 before stabilizing around $3,674.00 in recent years. Total tax liability per tax return has also risen noticeably,... Read more
Average Taxable Income per Tax Return in Prince of Wales-Hyder Census Area, AK over the last 9 years
With a noticeable increase in average taxable income per tax return in Prince of Wales-Hyder Census Area, AK, from $50,628.75 in 2013 to $70,907.80 in 2021, the region shows significant economic growth. This trend suggests a stronger local economy and potentially better job opportunities or higher wages, which could be attractive to new residents and beneficial for existing ones. This income growth may also impact the cost of living and local investments, signaling a dynamic and evolving community.
Average State and Local Income Taxes Per Tax Return in Prince of Wales-Hyder Census Area, AK Over the Last 6 Years
Prince of Wales-Hyder Census Area, AK has seen significant fluctuations in state and local income taxes per tax return over the past six years. The average tax burden peaked sharply at $5,200.00 in 2014 but then stabilized to more moderate levels, averaging around $3,674.00 in subsequent years. This variability in tax rates could impact financial planning for those moving to or residing in the area, highlighting the importance of staying informed about potential tax liabilities.
Average Total Tax Liability Per Tax Return in Prince of Wales-Hyder Census Area, AK Over the Last 10 Years
The Prince of Wales-Hyder Census Area in Alaska has seen a noticeable increase in average total tax liability per tax return over the last decade. Starting at $6,572.16 in 2012 and reaching $11,295.60 in 2021, there is a clear upward trend. Particularly significant jumps are observed between 2013 and 2014, and then again from 2020 to 2021. This sharp increase in tax liability could reflect growing incomes or changes in tax policy, essential factors for potential investors, new residents, and property developers to consider when evaluating the region’s economic viability and cost of living.
Cost of Living in Prince of Wales-Hyder Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,331 | $1,769 | $2,358 | $1,541 | $1,454 |
| 1 adult 4 children | $1,331 | $1,445 | $1,825 | $1,541 | $1,579 |
| 2 adults 3 children | $1,331 | $1,446 | $2,035 | $1,541 | $1,175 |
| 1 adult 3 children | $1,331 | $1,180 | $1,502 | $1,541 | $1,280 |
| 2 adults 2 children | $1,020 | $1,183 | $1,712 | $1,345 | $936 |
| 1 adult 2 children | $1,020 | $884 | $1,179 | $1,345 | $947 |
| 2 adults 1 child | $1,020 | $935 | $1,389 | $708 | $825 |
| 1 adult 1 child | $1,020 | $604 | $856 | $708 | $711 |
| 2 adults | $866 | $751 | $1,066 | $0 | $694 |
| 1 adult | $764 | $410 | $533 | $0 | $546 |
Safety trends & Data
In Prince of Wales-Hyder Census Area, Alaska, property crime trends have shown notable fluctuations over the past five years. 2019 experienced a noticeable spike in burglaries and larceny-theft, with burglaries more than doubling from 3.00 to 7.00, and larceny-theft also seeing a sharp increase. Vandalism incidents have been particularly inconsistent, jumping from 1.00 in 2019 to 6.00 in 2021. Motor vehicle thefts peaked at 4.00 in both 2018 and 2022 but dipped to just 1.00 in 2019. This... Read more
Property Crime Trends in Prince of Wales-Hyder Census Area, AK Over the Last 5 Years
Over the past five years in Prince of Wales-Hyder Census Area, Alaska, property crime trends reveal varying but notable fluctuations. 2019 saw a spike in reported burglaries and larceny-theft, with burglary incidents rising to 7.00 compared to 3.00 in the prior year, and larceny-theft also doubling. Vandalism incidents were particularly inconsistent, jumping from 1.00 in 2019 to 6.00 in 2021. Notably, motor vehicle thefts appear sporadic, peaking at 4.00 in both 2018 and 2022 but dipping to just 1.00 in 2019. Such data is essential for potential investors, property developers, and insurance agents, offering a detailed picture of crime dynamics and potentially influencing decisions related to property investment, security measures, and insurance premiums.
Demographics
Prince of Wales-Hyder Census Area in Alaska exhibits some intriguing demographic characteristics. The gender ratio leans towards a higher male population compared to females. Educational attainment suggests a significant number of residents have at least a high school diploma, with a meaningful portion holding some level of college education. The area’s age distribution is varied, with a noticeable number of people in the 55-64 age range. Racially, the biggest groups are White and American... Read more
Race Distribution in Prince of Wales-Hyder Census Area, Alaska (2022)
Educational Attainment in Prince of Wales-Hyder Census Area, Alaska (2022)
Age Distribution in Prince of Wales-Hyder Census Area, Alaska
Citizen Population in Prince of Wales-Hyder Census Area, Alaska (2022)
School Data
The student-to-teacher ratio in Prince Of Wales-Hyder Census Area, Alaska has shown notable fluctuations over the past decade, peaking at 18 students per teacher in 2021 and dropping to 12 in 2015. This is above the national average of 14 students per teacher. For investors and prospective residents, these variations might hint at underlying economic or demographic shifts impacting school funding or population growth. Real estate and insurance professionals might be especially interested, as... Read more
Student-to-teacher ratio in Prince Of Wales-Hyder Census Area, Alaska over the last 10 years
The student-to-teacher ratio in Prince Of Wales-Hyder Census Area, Alaska has fluctuated over the past decade, peaking in 2021 at 18 students per teacher and dropping as low as 12 in 2015. Comparatively, the national average is 14 students per teacher, indicating that local educational conditions can vary significantly year-to-year. For investors and those looking to move to the area, these fluctuations might reflect underlying economic or demographic changes. Real estate and insurance professionals may find the rising ratios in certain years indicative of potential shifts in school funding or population growth, which could influence property values and risk assessments. This data is particularly relevant for school appraisers and builders, as it points to varying demands for educational infrastructure and potential future developments in the area’s schooling needs.
