The story of this market
The typical home in ZIP 99742 sells for about $77,300, or $118 per square foot.
Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,330 a month.
ZIP 99742 — Gambell
The housing market in 99742 is extremely stagnant with very low inventory and minimal sales activity. Market conditions are driven by the remote, subsistence-based nature of the community rather than traditional real estate investment factors. Most housing is owner-occupied with limited rental availability.
This area is primarily for residents with deep cultural or employment ties to the local community, as the remote location and lack of traditional housing market infrastructure make it unsuitable for typical investors or commuters.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 145 days on market with 12.0 months of supply — a slower-moving market.
0% 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 18.0% · poverty 28.9% — elevated distress and economic pressure.
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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99742, Nome Census Area AK
The area is served by the Bering Strait School District, which provides remote education services to the community.
The area faces significant environmental risks including coastal erosion and extreme weather conditions typical of the Bering Sea region.
Economic activity is primarily driven by subsistence hunting, fishing, and local government services with limited commercial 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).
The area is known for its proximity to the Bering Sea, offering unique opportunities for bird watching and traditional cultural activities.
The rental market is extremely limited with very low turnover and high reliance on subsidized or employer-provided housing.
The economy is heavily reliant on subsistence activities, local government, and the Bering Strait School District.
Access is limited to air and sea travel; there are no road connections to other communities.
The area is served by the Bering Strait School District and the Kawerak regional non-profit organization.
Property insurance is difficult to obtain and expensive due to the extreme remote location and high risk of weather-related damage.
Data retrieved from US Census Bureau ZCTA 99742 profiles.
The primary transportation link for the community.
Significant for subsistence activities and wildlife observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.