North Slope Borough Area Home Supply Charts

This page looks at a variety of North Slope Borough 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. North Slope Borough depicts it has a Housing Units of 2,622 which is less than most other counties in the metro area.

Figure 2 illustrates the housing density in the North Slope Borough housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) North Slope Borough shows it has a Housing Density of 0.0 which is the second smallest when sorted by housing density of all the other counties in the area. The county with the highest housing density in the area is Fairbanks North Star Borough which shows a density of 5.8 ( very much bigger). Comparing housing density to the United States average of 39.5, North Slope Borough is only about 0.1% the size. Also, compared with the state of Alaska, housing density of 0.6, North Slope Borough is only about 5.2% the size.

In Figure 3, North Slope Borough area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. North Slope Borough shows it has a Housing Unit Change of 4.9% which is the largest of all counties in the greater North Slope Borough region. Comparing change in the housing units to the United States average of 7.4%, North Slope Borough is approximately three-fourths the size. Also, versus the state of Alaska, change in the housing units of 5.7%, North Slope Borough is about 16.6% smaller.

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.) North Slope Borough shows it has a Renter Percent of 51.1% which is more than all other counties in the greater North Slope Borough region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 48.9% which is the smallest when sorted by owner percent of all the other counties in the greater region.

North Slope Borough Home Cost Charts

Figure 7 provides aggregate comparative data for the North Slope Borough Alaska metro area in terms of the median housing rental rate, apartment rent, etc. North Slope Borough depicts it has a Median Gross Rent of $1,039 which is in the middle range of other counties in the metro area. The county with the highest rental rates in the area is Fairbanks North Star Borough which shows a rental rates of $1,321 (27.1% larger). Comparing rental rates to the United States average of $1,163, North Slope Borough is about 11.9% smaller. Also, in contrast to the state of Alaska, rental rates of $1,279, North Slope Borough is about 23.1% smaller.

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. North Slope Borough shows it has a Median Owner Cost of $673 which is in the mid range of other counties 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 North Slope Borough metro area. it has a Owner Cost as % of HH Income of 9% which is the smallest in order of cost as a percent of household income of all the other counties in the greater 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. North Slope Borough depicts it has a Median Home Value as Percent of Median Earnings of 231% which is in the center range of other counties in the surrounding region.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) North Slope Borough shows it has a % of Income Owner Costs-With Mortgage of 14% which is the smallest as measured by cost as a percent of household income of all the other counties in the metro area. The county with the highest cost as a percent of household income in the area is Fairbanks North Star Borough which depicts a cost as a percent of household income of 20% (44.4% larger). 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. North Slope Borough depicts it has a % of Income Owner Costs-No Mortgage of 9% which is in the mid range of other counties in the greater region. The county with the highest cost as a percent of household income in the area is Kusilvak Census Area which depicts a cost as a percent of household income of 14% (54.4% 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.) North Slope Borough has the largest proportion of rent as a percent of income is less than 10 pct at 31% 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. North Slope Borough has the largest proportion of housing cost between $500 and $700 at 20% of the total and is ranked #1.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,552 which is the third most median real estate taxes paid of all other counties in the greater North Slope Borough region. The county with the highest median real estate taxes paid in the area is Fairbanks North Star Borough which shows a taxes paid of $3,234 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, North Slope Borough is approximately half the size. Also, in contrast to the state of Alaska, median real estate taxes paid of $3,464, North Slope Borough is approximately half the size.

North Slope Borough 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 1983 which is the smallest in order of year built of all the other counties in the metro area. The county with the highest year built in the area is Southeast Fairbanks Census Area which indicates a year built of 1988 ( about the same size).

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 in 2020 or later at 1% of the total. Second, it has the smallest proportion of homes built between 2010 to 2019 at 6% of the total. Third, it has the smallest proportion of homes built between 1970 to 1979 at 6% of the total. Also, it has the largest proportion of homes built between 1940 to 1949 at 6% 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 2000 to 2009 at 33% of the total and is ranked #1. Figure 22 shows the year that people who rent moved into the area. North Slope Borough has the percentage of renters moved in 2019 or later less than most other counties in the greater region at 34% of the total. Second, it has the largest proportion of renters moved in 2015 to 2018 at 28% of the total and is ranked #1.