Northwest Arctic Borough, Alaska Housing Market
In Northwest Arctic Borough, Alaska, the median home value is $199,100, with a median monthly rent of $1,350. This places Northwest Arctic Borough at #1410 nationally out of 3134 counties by median home value, and #25 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: $2,050
- Establishments: 76
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,760 (avg $65,073)
- Outflow: 1,776 (avg $65,849)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Northwest Arctic Borough Compares
| Metric | Northwest Arctic Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $199,100 | $283,493 | $227,706 |
| Median Gross Rent | $1,350 | $1,248 | $968 |
| Owner Occupancy Rate | 64.4% | 64.7% | 73.3% |
| Price/Rent Ratio | 12.3 | 19.0 | 18.7 |
Market Analysis
The median home value in Northwest Arctic Borough is 29.8% below the Alaska state average and 12.6% below the U.S. national average. The median rent of $1,350/month is 8.2% above the state average.
With a price-to-rent ratio of 12.3, buying a home in Northwest Arctic 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.
Northwest Arctic Borough has an owner-occupancy rate of 64.4%, 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 |
|---|---|---|---|
| Cullman County | Alabama | $199,100 | $908 |
| Decatur County | Indiana | $199,100 | $861 |
| Carter County | Montana | $199,200 | $824 |
| Cumberland County | North Carolina | $199,200 | $1,222 |
| Ramsey County | North Dakota | $199,300 | $714 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Nome Census Area | $211,200 | $1,394 | 66.8% |
| North Slope Borough | $218,300 | $1,254 | 49.1% |
| Yakutat City and Borough | $219,400 | $1,330 | 56.3% |
| Prince of Wales-Hyder Census Area | $225,300 | $964 | 70.6% |
| Bethel Census Area | $168,100 | $1,474 | 61.6% |
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).