Nome Census Area, Alaska Housing Market
In Nome Census Area, Alaska, the median home value is $211,200, with a median monthly rent of $1,394. This places Nome Census Area at #1293 nationally out of 3134 counties by median home value, and #24 within Alaska.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,743
- Establishments: 192
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,759 (avg $75,627)
- Outflow: 2,691 (avg $75,936)
- IRS Statistics of Income
📝 Editor's Insight
None
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Nome Census Area, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Nome Census Area →How Nome Census Area Compares
| Metric | Nome Census Area | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $211,200 | $283,493 | $227,706 |
| Median Gross Rent | $1,394 | $1,248 | $968 |
| Owner Occupancy Rate | 66.8% | 64.7% | 73.3% |
| Price/Rent Ratio | 12.6 | 19.0 | 18.7 |
Market Analysis
The median home value in Nome Census Area is 25.5% below the Alaska state average and 7.2% below the U.S. national average. The median rent of $1,394/month is 11.7% above the state average.
With a price-to-rent ratio of 12.6, buying a home in Nome Census Area is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Nome Census Area has an owner-occupancy rate of 66.8%, compared to 64.7% in Alaska and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| McPherson County | Kansas | $211,200 | $916 |
| Cedar County | Iowa | $211,300 | $879 |
| Henderson County | Texas | $211,300 | $1,048 |
| Carbon County | Pennsylvania | $211,400 | $994 |
| Waupaca County | Wisconsin | $211,400 | $852 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| North Slope Borough | $218,300 | $1,254 | 49.1% |
| Yakutat City and Borough | $219,400 | $1,330 | 56.3% |
| Northwest Arctic Borough | $199,100 | $1,350 | 64.4% |
| Prince of Wales-Hyder Census Area | $225,300 | $964 | 70.6% |
| Lake and Peninsula Borough | $237,500 | $936 | 65.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).