Wrangell City and Borough, Alaska Housing Market
In Wrangell City and Borough, Alaska, the median home value is $296,400, with a median monthly rent of $993. This places Wrangell City and Borough at #645 nationally out of 3134 counties by median home value, and #13 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: $1,123
- Establishments: 80
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 858 (avg $65,357)
- Outflow: 802 (avg $67,125)
- IRS Statistics of Income
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| Metric | Wrangell City and Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $296,400 | $283,493 | $227,706 |
| Median Gross Rent | $993 | $1,248 | $968 |
| Owner Occupancy Rate | 59.1% | 64.7% | 73.3% |
| Price/Rent Ratio | 24.9 | 19.0 | 18.7 |
Market Analysis
The median home value in Wrangell City and Borough is 4.6% above the Alaska state average and 30.2% above the U.S. national average. The median rent of $993/month is 20.4% below the state average.
With a price-to-rent ratio of 24.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Wrangell City and Borough has an owner-occupancy rate of 59.1%, 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 |
|---|---|---|---|
| Windsor County | Vermont | $296,400 | $1,118 |
| Lincoln County | Montana | $296,500 | $762 |
| Washington County | Maryland | $296,100 | $1,147 |
| Brazos County | Texas | $296,000 | $1,193 |
| Douglas County | Georgia | $296,900 | $1,570 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fairbanks North Star Borough | $298,200 | $1,459 | 61.7% |
| Haines Borough | $293,300 | $1,087 | 78.5% |
| Copper River Census Area | $292,800 | $1,089 | 68.5% |
| Southeast Fairbanks Census Area | $282,000 | $1,351 | 74.7% |
| Petersburg Borough | $315,100 | $950 | 65.7% |
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).