Yakutat City and Borough Real Estate and Livability Trends
Yakutat City and Borough, Alaska, presents a compelling real estate landscape with considerable economic growth reflected in the rise of average taxable income per tax return, climbing from $47,660.71 in 2013 to $65,770.37 in 2021. This growth dovetails with a peak in tax liabilities, suggesting increased living costs. Despite this, the median home values saw a decline from $202,300 in 2019 to... Read more
Yakutat City and Borough Market Trends
In Yakutat City and Borough, Alaska, median home values peaked at $202,300 in 2019 only to dip to $152,100 in 2022, making the market more volatile compared to Alaska’s steady rise from $250,000 in 2015 to $318,000 in 2022. Nationally, home values saw a more gradual climb from $125,500 to $179,400 within the same period. Interestingly, principal residence mortgages in Yakutat have surged,... Read more
Median Value of Occupied Housing Units in Yakutat City and Borough, Alaska Over the Last 8 Years
In Yakutat City and Borough, Alaska, the median home values have experienced noticeable fluctuations over the past eight years. Starting from $166,000 in 2015, values peaked at $202,300 in 2019 before a decline to $152,100 in 2022. Compared to Alaska's state-wide figures, which consistently climbed from $250,000 in 2015 to $318,000 in 2022, Yakutat's market appears more volatile and less robust in growth. Nationally, the trend shows a more gradual increase from $125,500 in 2015 to $179,400 in 2022. For prospective investors or residents, these trends suggest a unique volatility in Yakutat’s market that differs from both state and national trends.
Number of Mortgages by Occupancy Type in Yakutat City and Borough, AK Over the Last 5 Years in Yakutat City and Borough
Over the last five years in Yakutat City and Borough, Alaska, the number of mortgages for principal residences has shown a notable increase, peaking dramatically in 2021 before dipping slightly in 2022. Investment property mortgages have remained minimal, suggesting either a lack of investment opportunities or investor interest. Second residence mortgages have fluctuated but stayed relatively low. These shifts in mortgage trends could indicate a growing demand for permanent homes versus investment or vacation properties. For investors, this might imply a stable but limited market, whereas for potential homeowners, it points to a robust residential demand. This information is crucial for real estate agents and appraisers in pricing accurately, and for insurance agents in assessing risk based on property type distribution.
Economic Outlook
Yakutat City and Borough, Alaska, has experienced a notable rise in average taxable income per tax return over the past decade, from $47,660.71 in 2013 to $65,770.37 in 2021, hinting at significant economic growth. The peak in average total tax liability per tax return in 2021 at $8,192.00 suggests higher living costs and evolving financial dynamics. These trends could impact property values and offer insights into the strengthening local economy for both residents and... Read more
Average Taxable Income per Tax Return in Yakutat City and Borough, AK over the last 9 years
Over the last nine years, Yakutat City and Borough, AK has seen a notable increase in average taxable income per tax return, jumping from $47,660.71 in 2013 to $65,770.37 in 2021. This upward trend, particularly significant in the past few years, suggests economic growth and higher earnings potential for residents. This matters for prospective movers and current residents as it indicates a strengthening local economy and potentially improved financial stability.
Average Total Tax Liability Per Tax Return in Yakutat City and Borough, AK Over the Last 10 Years
Over the past decade in Yakutat City and Borough, Alaska, average total tax liability per tax return has seen some variation, peaking in 2021 at $8192.00. This growth highlights shifting economic dynamics and the increasing cost of living in the area. For investors and potential residents, these trends suggest an evolving financial landscape that may impact property values and economic opportunities.
Cost of Living in Yakutat City and Borough
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,535 | $1,858 | $2,739 | $1,709 | $1,966 |
| 1 adult 4 children | $1,535 | $1,517 | $2,119 | $1,709 | $2,045 |
| 2 adults 3 children | $1,535 | $1,518 | $2,364 | $1,709 | $1,665 |
| 1 adult 3 children | $1,535 | $1,239 | $1,744 | $1,709 | $1,750 |
| 2 adults 2 children | $1,261 | $1,242 | $1,989 | $1,488 | $1,330 |
| 1 adult 2 children | $1,261 | $928 | $1,369 | $1,488 | $1,381 |
| 2 adults 1 child | $1,261 | $982 | $1,614 | $769 | $1,091 |
| 1 adult 1 child | $1,261 | $634 | $995 | $769 | $1,017 |
| 2 adults | $958 | $789 | $1,239 | $0 | $856 |
| 1 adult | $884 | $430 | $620 | $0 | $720 |
Demographics
Yakutat City and Borough in Alaska has a slightly higher male population, accounting for a noticeable portion of its adult demographic. Educational levels predominantly indicate high school graduates, with fewer individuals pursuing graduate degrees. The age distribution reveals a significant number of residents aged 65 to 74 years, contrasting with fewer young adolescents. Racially, the population is diverse, with considerable representation from American Indian and Alaska Native communities,... Read more
Race Distribution in Yakutat City and Borough, Alaska (2022)
Educational Attainment in Yakutat City and Borough, Alaska (2022)
Age Distribution in Yakutat City and Borough, Alaska
Citizen Population in Yakutat City and Borough, Alaska (2022)
School Data
Yakutat City and Borough, Alaska, has experienced significant fluctuations in the student-to-teacher ratio over the past decade, possibly hinting at changes in population dynamics or educational resources. The ratio jumped from 19 students per teacher in 2014 to a staggering 91 in 2023, far exceeding the national average of 14. This critical metric could influence relocation decisions for families and impact investors, real estate agents, and insurers assessing the area’s growth and... Read more
Student-to-teacher ratio in Yakutat City And Borough, Alaska over the last 10 years
The student-to-teacher ratio in Yakutat City And Borough, Alaska has seen remarkable fluctuations over the past decade, peaking dramatically in recent years. In 2014, the ratio was around 19 students per teacher, which was already above the national average of 14. By 2019, it surged to 87, and as of 2023, it has reached 91 students per teacher. This high ratio could indicate significant changes in population dynamics or educational resources in the area, impacting families thinking about relocating, as well as investors, appraisors, real estate agents, and insurance agents considering the community's growth and development needs. It's a notable consideration for anyone interested in or living in Yakutat City And Borough.
