Goodnews Bay Alaska Area Home Supply Charts

This page looks at a variety of Goodnews Bay 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. Goodnews Bay indicates it has a Housing Units of 27 which is the second smallest in terms of housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Goodnews Bay housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Goodnews Bay shows it has a Housing Density of 7.3 which is in the middle range of other places in the local area. The city with the highest housing density in the area is Eek which shows a density of 169.0 ( very much bigger). Comparing housing density to the United States average of 39.5, Goodnews Bay is approximately a fifth the size. Also, compared to the state of Alaska, housing density of 0.6, Goodnews Bay is appreciably bigger.

In Figure 3, Goodnews Bay area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Goodnews Bay indicates it has a Housing Unit Change of -67.1% which is the smallest as measured by change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Eek which depicts a housing units of 52.5% ( about the same size). Comparing change in the housing units to the United States average of 7.4%, Goodnews Bay is markedly bigger. Also, versus the state of Alaska, change in the housing units of 5.7%, Goodnews Bay is considerably bigger.

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.) Goodnews Bay depicts it has a Renter Percent of 50.0% which is the highest of all places in the greater Goodnews Bay region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 50.0% which is the smallest in order of owner percent of all the other places in the greater region.

Goodnews Bay Alaska Home Cost Charts

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. Goodnews Bay depicts it has a Median Owner Cost of $300 which is the smallest when sorted by median ownership cost of all the other places in the greater region. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Goodnews Bay metro area. it has a Owner Cost as % of HH Income of 19% which is the second most cost as a percent of household income of all the places in the greater Goodnews Bay 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. Goodnews Bay shows it has a Median Home Value as Percent of Median Earnings of 236% which is the third most of all other places in the area.

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. Goodnews Bay shows it has a % of Income Owner Costs-No Mortgage of 20% which is the second most of all the places in the area. The city with the highest cost as a percent of household income in the area is Twin Hills CDP which shows a cost as a percent of household income of 23% (16.5% larger).

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.) Goodnews Bay has the largest proportion of rent as a percent of income is between 40pct to 50pct at 17% 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. Goodnews Bay has the smallest proportion of housing cost between $300 and $500 at 4% of the total.

Figure 16 shows the percentage of renters who pay for utilities in Goodnews Bay Alaska. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Goodnews Bay has one of the largest proportions of pay extra for utilities at 42% of the total and is ranked #2. The only larger city being Twin Hills CDP with 57%.

Goodnews Bay Alaska Home Financing Charts

Figure 17 shows the proportion of houses with a mortgage versus those without a mortgage. Goodnews Bay has one of the largest proportions of houses with mortgages at 92% of the total and is ranked #3. Only #2 Togiak (98%), and #1 Twin Hills CDP (100%) are larger.

Goodnews Bay 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 1975 which is the smallest in terms of year built of all the other places in the local area. The city with the highest year built in the area is Eek which shows a year built of 1995 ( only slightly larger).

Figure 20 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built between 1990 to 1999 at 4% of the total. Second, it has the largest proportion of homes built between 1980 to 1989 at 41% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1970 to 1979 at 11% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1950 to 1959 at 19% of the total and is ranked #1. Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 1990 to 1999 at 60% of the total and is ranked #1. Figure 22 shows the year that people who rent moved into the area. Goodnews Bay has the largest proportion of renters moved in 2000 to 2009 at 77% of the total and is ranked #1.