This page looks at a variety of Allakaket Alaska housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Allakaket depicts it has a Housing Units of 63 which is less than most other places in the greater region.
Figure 2 illustrates the housing density in the Allakaket housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Allakaket shows it has a Housing Density of 20.9 which is the highest of all places in the greater Allakaket region. Comparing housing density to the United States average of 39.5, Allakaket is approximately half the size. Also, in comparison with the state of Alaska, housing density of 0.6, Allakaket is considerably bigger.
In Figure 3, Allakaket area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Allakaket shows it has a Housing Unit Change of 8.6% which is the most of all places in the greater Allakaket region. Comparing change in the housing units to the United States average of 7.4%, Allakaket is 16.7% larger. Also, measured against the state of Alaska, change in the housing units of 5.7%, Allakaket is 51.5% larger.
Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Allakaket shows it has a Renter Percent of 31.5% which is in the mid point range of other places in the local area.
Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 68.5% which is in the mid range of other places in the local area.
Allakaket Alaska Home Cost Charts
Figure 7 provides aggregate comparative data for the Allakaket Alaska metro area in terms of the median housing rental rate, apartment rent, etc. Allakaket depicts it has a Median Gross Rent of $700 which is less than most other places in the greater region. The city with the highest rental rates in the area is Kobuk which shows a rental rates of $1,031 (47.3% larger). Comparing rental rates to the United States average of $1,163, Allakaket is approximately three-fourths the size. Also, measured against the state of Alaska, rental rates of $1,279, Allakaket is approximately half the size.
Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Allakaket depicts it has a Median Owner Cost of $235 which is the second smallest when ranked by median ownership cost of all the other places in the local area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Allakaket metro area. it has a Owner Cost as % of HH Income of 22% which is the second most cost as a percent of household income of all the places in the greater Allakaket region. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Allakaket depicts it has a Median Home Value as Percent of Median Earnings of 107% which is less than most other places in the greater region.
Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Allakaket shows it has a % of Income Owner Costs-No Mortgage of 21% which is the highest of all places in the greater Allakaket region.
Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Allakaket has one of the largest proportions of rent as a percent of income is less than 10 pct at 24% of the total and is ranked #3. Only #2 Huslia (33%), and #1 Anaktuvuk Pass (41%) are larger. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #1.
Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. Allakaket has the percentage of housing cost less than $300 the second smallest in order of housing cost less than $300 of all the other places in the metro area at 4% of the total.
Allakaket Alaska Home Financing Charts
Figure 17 shows the proportion of houses with a mortgage versus those without a mortgage. Allakaket has the largest proportion of houses with mortgages at 92% of the total and is ranked #1.
Allakaket Alaska Home Characteristics Charts
Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1988 which is the largest of all places in the greater Allakaket region.
Figure 20 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2000 to 2009 at 37% of the total and is ranked #1. Figure 21 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest as measured by owners moved in 2019 or later of all the other places in the greater region at 2% of the total. Second, it has one of the largest proportions of owners moved in 2010 to 2014 at 53% of the total and is ranked #2. The only larger city being Huslia with 55%.
Figure 22 shows the year that people who rent moved into the area. Allakaket has the largest proportion of renters moved in 2019 or later at 86% of the total and is ranked #1. Second, it has less than most other places in the greater region in terms of renters moved in 2015 to 2018 at 11% of the total.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.