North Slope Borough, Alaska Housing Market
In North Slope Borough, Alaska, the median home value is $218,300, with a median monthly rent of $1,254. This places North Slope Borough at #1206 nationally out of 3134 counties by median home value, and #23 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: $2,825
- Establishments: 176
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,208 (avg $81,543)
- Outflow: 2,188 (avg $81,955)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How North Slope Borough Compares
| Metric | North Slope Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $218,300 | $283,493 | $227,706 |
| Median Gross Rent | $1,254 | $1,248 | $968 |
| Owner Occupancy Rate | 49.1% | 64.7% | 73.3% |
| Price/Rent Ratio | 14.5 | 19.0 | 18.7 |
Market Analysis
The median home value in North Slope Borough is 23.0% below the Alaska state average and 4.1% below the U.S. national average. The median rent of $1,254/month is about equal to the state average.
With a price-to-rent ratio of 14.5, buying a home in North Slope Borough 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.
North Slope Borough has an owner-occupancy rate of 49.1%, 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 |
|---|---|---|---|
| Cochise County | Arizona | $218,300 | $995 |
| Long County | Georgia | $218,300 | $976 |
| Toole County | Montana | $218,400 | $826 |
| Whitfield County | Georgia | $218,000 | $971 |
| Cass County | Michigan | $218,000 | $916 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Yakutat City and Borough | $219,400 | $1,330 | 56.3% |
| Prince of Wales-Hyder Census Area | $225,300 | $964 | 70.6% |
| Nome Census Area | $211,200 | $1,394 | 66.8% |
| Northwest Arctic Borough | $199,100 | $1,350 | 64.4% |
| 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).