This page looks at a variety of Newhalen 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. Newhalen depicts it has a Housing Units of 39 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 Newhalen housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Newhalen indicates it has a Housing Density of 6.6 which is the largest of all places in the greater region. Comparing housing density to the United States average of 39.5, Newhalen is approximately a sixth the size. Also, measured against the state of Alaska, housing density of 0.6, Newhalen is very much bigger.
In Figure 3, Newhalen area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Newhalen shows it has a Housing Unit Change of -23.5% which is the smallest when ranked by change in the housing units of all the other places in the area. The city with the highest change in the housing units in the area is Igiugig CDP which depicts a housing units of 36.8% (56.6% larger). Comparing change in the housing units to the United States average of 7.4%, Newhalen is approximately 3.2 times bigger. Also, in comparison with the state of Alaska, change in the housing units of 5.7%, Newhalen is approximately 4.1 times 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.) Newhalen depicts it has a Renter Percent of 24.1% which is the smallest as measured by renter percent of all the other places in the greater region.
Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 75.9% which is is the uppermost of the places in the greater Newhalen region.
Newhalen Alaska Home Cost Charts
Figure 7 provides aggregate comparative data for the Newhalen Alaska metro area in terms of the median housing rental rate, apartment rent, etc. Newhalen shows it has a Median Gross Rent of $563 which is less than most other places in the greater region. The city with the highest rental rates in the area is King Salmon CDP which shows a rental rates of $1,167 (about twice as large). Comparing rental rates to the United States average of $1,163, Newhalen is approximately half the size. Also, benchmarked against the state of Alaska, rental rates of $1,279, Newhalen 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. Newhalen depicts it has a Median Owner Cost of $389 which is the second smallest as measured by median ownership cost of all the other places in the area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Newhalen metro area. it has a Owner Cost as % of HH Income of 12% which is less than most other places in the local area. 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. Newhalen depicts it has a Median Home Value as Percent of Median Earnings of 213% which is less than most other places in the metro 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. Newhalen depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the second most of all the places in the greater region. The city with the highest cost as a percent of household income in the area is King Salmon CDP which depicts a cost as a percent of household income of 13% (only about 4.8% 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.) Newhalen has the largest proportion of rent as a percent of income is between 10pct to 20pct at 29% 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. Newhalen has the largest proportion of housing cost less than $300 at 41% of the total and is ranked #1.
Figure 16 shows the percentage of renters who pay for utilities in Newhalen 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. Newhalen has one of the largest proportions of pay extra for utilities at 43% of the total and is ranked #2. The only larger city being Port Alsworth CDP with 54%.
Newhalen Alaska Home Financing Charts
Figure 17 shows the proportion of houses with a mortgage versus those without a mortgage. Newhalen has the largest proportion of houses with mortgages at 100% of the total and is ranked #1.
Newhalen 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 1987 which is less than most other places in the surrounding region. The city with the highest year built in the area is Port Alsworth CDP which depicts a year built of 1993 ( about the same size). Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2010 to 2014 at 64% of the total and is ranked #1.
Figure 22 shows the year that people who rent moved into the area. Newhalen has the largest proportion of renters moved in 2015 to 2018 at 64% of the total and is ranked #1. Second, it has the largest proportion of renters moved in 2000 to 2009 at 20% of the total and is ranked #1.
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.