The story of this market
The typical home in ZIP 99631 sells for about $350,000, or $215 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 99631 — Moose Pass
The housing market in 99631 is characterized by extremely low inventory and limited sales activity, typical of a remote, small-population area. Prices have seen steady growth over the last decade, driven by demand for recreational properties, though the market remains quiet with very few transactions. Figures for specific metrics like price-cut percentage and months of supply are estimated based on regional trends as precise ZIP-level data is not published.
This ZIP is best suited for outdoor enthusiasts, remote workers, and those seeking a quiet, rural lifestyle away from urban centers, as it lacks the amenities and infrastructure of larger towns.
Median prices moved up 2.5% year over year.
Homes spend a median of 145 days on market with 12.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99631, Kenai Peninsula Borough, AK
Crime rates in Moose Pass are generally low, consistent with the remote, small-community nature of the Kenai Peninsula region.
The area is served by the Kenai Peninsula Borough School District, which provides standard public education for the region's sparse population.
The region faces significant risks from wildfire and heavy winter snowfall, with insurance availability often constrained by remote access and environmental hazards.
Economic momentum is driven primarily by tourism, outdoor recreation, and seasonal services, with limited large-scale industrial or corporate development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alaska) — Municipal Property Tax: Tax is calculated as (Assessed Value - Exemptions) * Mill Rate. Municipalities are authorized to levy taxes and impose liens for enforcement. Exemptions include mandatory state-required exemptions (e.g., for certain residents) and optional local exemptions. State (Alaska) — Mandatory Property Tax Exemptions: Exemption of the first $150,000 of assessed value from municipal property taxation. State (Alaska) — Municipal Property Tax: Tax is calculated by multiplying the assessed value of the property by the local mill rate. State law mandates a mandatory exemption of the first $150,000 of assessed value for senior citizens (65+) and disabled veterans (50%+ service-connected disability). State (Alaska) — Optional Municipal Residential / Homestead Exemption Authorization: Allows municipal taxing bodies to exempt a percentage of the assessed value (commonly up to 20%, often capped at $50,000, as implemented in jurisdictions like Anchorage) for owner-occupied primary residences. State (Alaska) — Statewide Senior Citizen and Disabled Veteran Property Tax Exemption: Mandates that municipalities exempt the first $150,000 of assessed property value from ad valorem taxation. Formula: Taxable Value = Max(0, Assessed Value - $150,000).
Commuting is primarily via the Seward Highway, with travel times to major employment hubs like Seward or Soldotna exceeding 45-60 minutes.
The area is a hub for outdoor recreation, featuring immediate access to Kenai Lake, Chugach National Forest trails, and world-class fishing and hiking.
The rental market is extremely limited, with high demand for seasonal housing and very low vacancy rates due to the small inventory.
The local economy is heavily reliant on tourism, seasonal hospitality, and small-scale local services.
Transportation is almost exclusively by private vehicle via the Seward Highway, which serves as the primary artery for the region.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
The Kenai Peninsula Borough Assessing Department manages property valuations for the entire borough.
Parcels are subject to Kenai Peninsula Borough property taxes and the Kenai Peninsula Borough School District levies.
Property insurance premiums are high due to wildfire risk and the remote location, which complicates emergency response.
Data retrieved from US Databases and ACS 2023 estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Trail Lake Lodge - Restaurant & Bar4.26.1 mi
- Tern Lake Pullover4.85.5 mi
- Salmon Viewing at Moose Creek4.55.1 mi
- Prospector John512.6 mi
- Moose Pass Adventures4.96 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major recreational lake offering fishing, boating, and scenic views.
Extensive trail systems and wilderness access surrounding the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.