Wrangell City and Borough Real Estate and Livability Trends
In Wrangell City and Borough, Alaska, median home values jumped from $171,400 in 2015 to $273,800 in 2022, outpacing state and national trends. Real estate taxes spiked at $3,900.00 in 2019 but dipped to $2,250.00 in 2021, indicating possible policy changes. The sharp decline in mortgage counts for principal residences from 60 in 2021 to 25 in 2022 suggests evolving demand and economic conditions... Read more
Wrangell City and Borough Market Trends
In Wrangell City and Borough, Alaska, median home values have surged from $171,400 in 2015 to $273,800 in 2022, outpacing both state and national trends. Real estate taxes have seen significant fluctuations, peaking at $3,900.00 in 2019 before dipping to $2,250.00 in 2021, reflecting possible policy changes that could impact financial planning. Mortgage counts for principal residences peaked at... Read more
Median Value of Occupied Housing Units in Wrangell City and Borough, Alaska Over the Last 8 Years
In Wrangell City and Borough, Alaska, median home values have seen a sharp increase over the past eight years, jumping from $171,400 in 2015 to $273,800 in 2022. This local trend mirrors a broader rise at the state level, though Wrangell's growth rate seems even more pronounced. When compared nationally, where median home values went from $125,500 in 2015 to $179,400 in 2022, Wrangell shows a stronger upward trajectory. For potential investors, movers, and residents, this could indicate a burgeoning demand and possibly a robust economic environment in the borough.
Average Real Estate Taxes Per Tax Return in Wrangell City and Borough, AK Over the Last 9 Years
Real estate taxes in Wrangell City and Borough, Alaska have shown noticeable fluctuations over the past nine years. Starting at $2,215.38 in 2012, there was a general upward trend peaking at $3,900.00 in 2019. Interestingly, 2021 saw a sharp decline to $2,250.00. For investors and prospective residents, this variability might suggest periodic reassessments or shifts in local tax policies, potentially impacting long-term financial planning.
Number of Mortgages by Occupancy Type in Wrangell City and Borough, AK Over the Last 5 Years in Wrangell City and Borough
In Wrangell City and Borough, Alaska, there's been a noticeable fluctuation in mortgage counts across different occupancy types over the last five years. Principal residence mortgages have generally led the numbers, peaking at 60 in 2021 but showing a sharp drop to 25 in 2022. Investment property mortgages have dwindled significantly, with almost negligible numbers in recent years. Meanwhile, second residence mortgages remain consistently low, indicating limited demand. Such variability can heavily impact property values, investment stability, and insurance assessments in the area, making it crucial for stakeholders to stay updated on these trends for better decision-making.
Economic Outlook
In Wrangell City and Borough, Alaska, the average taxable income per tax return has experienced a steady upward trend over the past nine years, peaking at $62,839.25 in 2021. This economic improvement, despite occasional fluctuations, underscores a promising financial landscape for prospective residents. Additionally, the average total tax liability per tax return has also fluctuated, marking notable increases in 2017 ($8,197.73) and 2021 ($8,363.64) with a dip in 2016 ($6,735.23), providing... Read more
Average Taxable Income per Tax Return in Wrangell City and Borough, AK over the last 9 years
The average taxable income per tax return in Wrangell City and Borough, AK shows a clear upward trend over the past nine years, with a notable jump in 2021 to $62,839.25. This growth reflects a steady economic improvement, despite a few fluctuations, making the area increasingly attractive for prospective residents seeking a promising financial environment.
Average Total Tax Liability Per Tax Return in Wrangell City and Borough, AK Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Wrangell City and Borough, Alaska has seen fluctuations, with notable increases in 2017 ($8,197.73) and 2021 ($8,363.64). Lower values appear in 2016 ($6,735.23) indicating periods of relief or economic downturns. For anyone considering investment or property development, understanding these trends can provide insight into the area's fiscal health and potential return on investment.
Cost of Living in Wrangell City and Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,411 | $1,894 | $2,358 | $1,566 | $1,489 |
| 1 adult 4 children | $1,411 | $1,547 | $1,825 | $1,566 | $1,602 |
| 2 adults 3 children | $1,411 | $1,547 | $2,035 | $1,566 | $1,200 |
| 1 adult 3 children | $1,411 | $1,263 | $1,502 | $1,566 | $1,297 |
| 2 adults 2 children | $993 | $1,267 | $1,712 | $1,367 | $912 |
| 1 adult 2 children | $993 | $946 | $1,179 | $1,367 | $905 |
| 2 adults 1 child | $993 | $1,001 | $1,389 | $720 | $800 |
| 1 adult 1 child | $993 | $647 | $856 | $720 | $667 |
| 2 adults | $754 | $804 | $1,066 | $0 | $641 |
| 1 adult | $694 | $439 | $533 | $0 | $501 |
Safety trends & Data
Property crime in Wrangell City and Borough, Alaska has experienced some slight fluctuations over the past three years. Notably, burglary incidents doubled from 1 to 2 from 2018 to 2019 but remained steady in 2020. Larceny-theft saw a significant drop from 5 cases in 2019 to just 1 in 2020. Vandalism peaked in 2018 with 4 cases but fell to 1 by 2020. This might suggest potential improvements in local security measures or increased community efforts to reduce crime—factors that could be... Read more
Property Crime Trends in Wrangell City and Borough, AK Over the Last 3 Years
Property crime in Wrangell City and Borough, Alaska has seen slight fluctuations over the past three years. Burglary incidents doubled from 1 to 2 from 2018 to 2019 and stayed constant in 2020. Larceny-theft incidents slightly increased in 2019 with 5 recorded cases but saw a significant drop to just 1 in 2020. Motor vehicle theft remained relatively stable with 3 incidents in 2018 and 2020, but dipped to 2 in 2019. Vandalism peaked in 2018 with 4 cases but dropped to just 1 by 2020. These trends might suggest a potential improvement in local security measures or community efforts to reduce crime, making this an intriguing factor for investors, property developers, and those considering moving to the area.
Demographics
The adult population in Wrangell City and Borough shows a slight male majority. Residents predominantly have at least a high school education, yet there’s a notable percentage without a diploma. Age distribution skews older, with significant portions in the 55-64 and 65-74 age brackets. Racial demographics are primarily White and American Indian/Alaska Native, with very few identifying as Black or African American, Asian, or Pacific Islander. This could suggest a stable, aging community with... Read more
Race Distribution in Wrangell City and Borough, Alaska (2022)
Educational Attainment in Wrangell City and Borough, Alaska (2022)
Age Distribution in Wrangell City and Borough, Alaska
Citizen Population in Wrangell City and Borough, Alaska (2022)
School Data
Wrangell City and Borough, Alaska, experienced significant fluctuations in its student-to-teacher ratio over the past decade, notably spiking to an outlier value of 632 in 2014. Excluding this anomaly, ratios have generally remained below the national average, dipping to 10 in 2021. These trends may affect decisions for investors, residents, and educational professionals by indicating class sizes, levels of personalized attention, and perceived education... Read more
Student-to-teacher ratio in Wrangell City And Borough, Alaska over the last 10 years
Over the last decade in Wrangell City And Borough, Alaska, the student-to-teacher ratio has seen significant fluctuations, especially in 2014 where it spiked to an outlier value of 632. This anomaly aside, the ratios have generally hovered below the national average of 14 students per teacher, dipping as low as 10 in 2021 before climbing slightly. Such trends can impact decisions for potential investors, residents, and educational professionals as they reflect on class sizes and the level of personalized attention students might receive, thereby influencing the perceived quality of education and community investment.
