The story of this market
The typical home in ZIP 99723 sells for about $282,400, or $150 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 99723 — Utqiaġvik
The housing market in 99723 is characterized by low inventory and stable, high-income demand driven by local government and industry employment. Figures for sales volume and price cuts are limited due to the remote nature of the market and low transaction frequency. Most data points are sourced from recent ACS and census-related reports, with specific real-time MLS metrics being unavailable for this ZIP.
This ZIP is best suited for local workers, government employees, and those with strong ties to the North Slope region who are prepared for the unique challenges of arctic living.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.0% — 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 2.8%/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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99723, North Slope Borough, Alaska
Crime rates in Utqiagvik are generally higher than the national average, with property and violent crime incidents reported periodically in local law enforcement summaries.
Schools in the North Slope Borough School District serve the area, with performance metrics often reflecting the challenges of remote, high-latitude education delivery.
The area faces significant climate-related risks including coastal erosion, permafrost degradation, and extreme arctic weather conditions that impact infrastructure and insurance availability.
Economic momentum is driven by the North Slope Borough government, oil and gas industry support services, and regional administrative functions.
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).
Commutes are primarily local within the town of Utqiagvik, with most residents traveling by vehicle or walking due to the limited road network.
Recreation is centered on outdoor arctic activities, including subsistence hunting, fishing, and community events at local facilities.
The rental market is tight due to limited housing stock and high demand from transient workers and government employees.
The economy is heavily reliant on the North Slope Borough government, regional health services, and oil industry support operations.
Transportation is primarily via air travel to and from the regional hub, with local transit relying on road networks within the town.
Development is constrained by permafrost and logistical challenges, with current planning focused on infrastructure resilience.
The North Slope Borough Assessor manages property valuations, often accounting for the high cost of construction and remote location.
Parcels are subject to North Slope Borough taxation and service districts.
Property insurance is difficult to obtain and expensive due to extreme weather risks and the remote nature of the location.
Net domestic migration is generally stable but influenced by the cyclical nature of the oil and gas industry.
Alaska is a non-judicial foreclosure state, allowing for efficient processing of defaults.
Sellers are required to provide a standard residential real property transfer disclosure statement.
Data retrieved from Census Reporter and ACS 2024 tables.
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.
- Northernmost Point of the United States4.210.1 mi
- Iñupiat Heritage Center4.61.9 mi
- Utqiagvik Whale Bone Arch4.71.9 mi
- Iñupiat Heritage Center4.61.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Preserves and shares the culture and history of the Iñupiat people.
Serves as a community hub for indoor athletics and events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.