Southeast Fairbanks Census Area Real Estate and Livability Trends
Southeast Fairbanks Census Area, Alaska, is seeing robust economic growth, showcased by rising average taxable incomes up to $68,852.29 in 2021, yet residents face erratic state and local income taxes. The real estate landscape is volatile, with median home values fluctuating from $170,900 in 2019 to $222,200 in 2022, and real estate taxes peaking at $3,600.00 in 2017, indicative of shifting... Read more
Southeast Fairbanks Census Area Market Trends
Southeast Fairbanks Census Area, Alaska has seen a notable volatility in median home values, dropping to $170,900 in 2019 before bouncing to $222,200 in 2022, a far cry from Alaska's steadier statewide trends. Real estate taxes in the area have also fluctuated significantly, peaking at $3,600.00 in 2017, potentially indicating increasing property values or demand. Meanwhile, the average... Read more
Median Value of Occupied Housing Units in Southeast Fairbanks Census Area, Alaska Over the Last 8 Years
Over the past eight years, median home values in Southeast Fairbanks Census Area, Alaska have experienced quite a rollercoaster ride, dropping from $197,300 in 2015 to a low of $170,900 in 2019, before rebounding to $222,200 in 2022. This fluctuation is relatively more volatile compared to the steadier climb observed both statewide in Alaska and nationally. Alaska saw a steady increase from $250,000 in 2015 to $318,000 in 2022, while the national median rose from $125,500 to $179,400 over the same period. For investors and potential homeowners, this could imply a higher risk but also potential for greater reward in Southeast Fairbanks, reflecting its unique local market conditions.
Residential Energy Tax Credit Per Tax Return in Southeast Fairbanks Census Area, AK Over the Last 7 Years
Investment in residential energy efficiency in Southeast Fairbanks Census Area, Alaska has been on a volatile trend over the past seven years, with the average residential energy tax credit per tax return fluctuating significantly. Notably, there was a sharp increase to $1,400.00 in 2019, followed by a dip to $833.33 in 2021. These figures suggest potential opportunities for property developers and homeowners to capitalize on energy efficiency improvements and corresponding tax incentives.
Average Real Estate Taxes Per Tax Return in Southeast Fairbanks Census Area, AK Over the Last 9 Years
The average real estate taxes per tax return in Southeast Fairbanks Census Area, Alaska have fluctuated over the past nine years, showing general growth from $2,407.69 in 2012 to $3,166.67 in 2020. Notable spikes occurred in 2015 and 2017, reaching peaks of $2,850.00 and $3,600.00 respectively. This trend might suggest an increasing demand for real estate or rising property values in the area, which could be important for potential investors and residents evaluating cost factors and long-term financial planning.
Percentage of Farm Returns in Southeast Fairbanks Census Area, AK Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Southeast Fairbanks Census Area, Alaska, has experienced a slight decline from 2.65% in 2012 to 1.94% in 2021. This subtle downward trend suggests a potential decrease in agricultural activities or profitability within the area. For investors, property builders, or new residents considering this region, understanding the trajectory of farm tax returns is crucial as it may reflect broader economic conditions and opportunities for growth or development in agriculture and related sectors.
Number of Mortgages by Occupancy Type in Southeast Fairbanks Census Area, AK Over the Last 5 Years in Southeast Fairbanks Census Area
In Southeast Fairbanks Census Area, Alaska, the mortgage trends over the past five years show a significant lean towards principal residences, with numbers peaking in 2020 and 2021. Investment properties and second residences demonstrated smaller and more inconsistent figures. These shifts in occupancy types can impact local real estate market stability, risk assessment by insurance agents, and investment potential. For appraisers, understanding these trends aids in accurate property valuation considering future demand. Meanwhile, developers and investors might weigh these numbers to judge profitability, and existing residents or those looking to move there could get a sense of community growth and stability.
Economic Outlook
Southeast Fairbanks Census Area in Alaska has demonstrated a steady increase in average taxable income per tax return, rising from roughly $51,798.48 in 2013 to $68,852.29 in 2021. This economic uptick hints at growing prosperity in the region. However, state and local income taxes have fluctuated significantly, going as low as $620.00 in 2014 to a high of $1,400.00 by 2019, presenting potential financial planning challenges. Additionally, the average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Southeast Fairbanks Census Area, AK over the last 9 years
Over the past nine years, the average taxable income per tax return in Southeast Fairbanks Census Area, AK has demonstrated a general upward trend, growing from approximately $51,798.48 in 2013 to $68,852.29 in 2021. This suggests increasing economic prosperity, making the area potentially attractive for professionals seeking growth opportunities. Notably, there was a marked increase between 2019 and 2020, indicative of resilience or economic factors that may have bolstered incomes despite wider economic challenges.
Average State and Local Income Taxes Per Tax Return in Southeast Fairbanks Census Area, AK Over the Last 7 Years
Southeast Fairbanks Census Area, AK, has shown significant fluctuations in state and local income taxes per tax return over the last seven years. In 2014, residents experienced a notable decrease to $620.00, but by 2019, the taxes surged to $1,400.00. This variability in tax amounts impacts financial planning for both current and prospective residents, signaling a need for awareness of potentially volatile tax commitments in the region.
Average Total Tax Liability Per Tax Return in Southeast Fairbanks Census Area, AK Over the Last 10 Years
Over the past decade, Southeast Fairbanks Census Area in Alaska has seen a steady increase in the average total tax liability per tax return, with notable jumps in recent years. From $7,554.94 in 2012 to $9,713.31 in 2021, the region witnessed peak values in 2020 and 2021. This upward trend reflects improved economic conditions and incomes, making it an intriguing spot for potential investors and those considering relocating or building property.
Cost of Living in Southeast Fairbanks Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,651 | $1,798 | $2,739 | $1,607 | $1,672 |
| 1 adult 4 children | $1,651 | $1,468 | $2,119 | $1,607 | $1,780 |
| 2 adults 3 children | $1,651 | $1,469 | $2,364 | $1,607 | $1,381 |
| 1 adult 3 children | $1,651 | $1,199 | $1,744 | $1,607 | $1,469 |
| 2 adults 2 children | $1,237 | $1,202 | $1,989 | $1,399 | $1,053 |
| 1 adult 2 children | $1,237 | $898 | $1,369 | $1,399 | $1,065 |
| 2 adults 1 child | $1,237 | $950 | $1,614 | $722 | $896 |
| 1 adult 1 child | $1,237 | $614 | $995 | $722 | $791 |
| 2 adults | $977 | $763 | $1,239 | $0 | $728 |
| 1 adult | $867 | $416 | $620 | $0 | $574 |
Demographics
In Southeast Fairbanks Census Area, Alaska, the gender distribution leans towards a higher male population compared to females. Education levels among adults show a significant proportion have completed high school, with relatively fewer holding advanced degrees. The population spans across various age groups, but the majority are adults, with those under ten years also forming a substantial segment. The area shows racial diversity, predominantly White, with Native communities and other races... Read more
Race Distribution in Southeast Fairbanks Census Area, Alaska (2022)
Educational Attainment in Southeast Fairbanks Census Area, Alaska (2022)
Age Distribution in Southeast Fairbanks Census Area, Alaska
Citizen Population in Southeast Fairbanks Census Area, Alaska (2022)
School Data
In Southeast Fairbanks Census Area, Alaska, the student-to-teacher ratio over the past decade has consistently surpassed the national average, ranging from 20.74 to 34.21 students per teacher. Particularly high ratios in 2015, 2022, and 2023—peaking at 32.18, 34.21, and 31.31, respectively—could indicate challenges in individualized instruction, potentially affecting educational outcomes. This could influence real estate decisions, as well as property valuations and risk assessments related... Read more
Student-to-teacher ratio in Southeast Fairbanks Census Area, Alaska over the last 10 years
Over the past decade, the student-to-teacher ratio in Southeast Fairbanks Census Area, Alaska, has consistently exceeded the national average of 14 students per teacher, with the ratio fluctuating between 20.74 to 34.21. Notably, the years 2015, 2022, and 2023 saw some of the highest ratios, peaking at 32.18, 34.21, and 31.31, respectively. Such elevated ratios could suggest potential challenges in terms of individualized attention and personalized instruction for students, impacting educational outcomes. For potential investors, real estate agents, and those considering a move to the area, these figures might contribute to decisions regarding the appeal and long-term educational prospects of the community. Similarly, appraisers and insurance agents may assess these factors when evaluating property values and risks associated with schooling infrastructure.
