The story of this market
The typical home in ZIP 99747 sells for about $165,000, or $112 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 99747 — Kaktovik
The housing market in 99747 remains stable with low inventory and limited turnover, typical for a remote Alaskan community. Prices have seen modest year-over-year growth, driven by consistent demand for essential housing from local workers. No major new developments are currently impacting the market, and conditions are expected to remain steady.
This ZIP is best suited for individuals or families seeking a remote, wilderness-oriented lifestyle, as well as seasonal workers in the public or tourism sectors.
Median prices moved up 3.1% year over year.
Homes spend a median of 48 days on market with 3.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 19.4% — a mixed stability 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 2.3%/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 2.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 99747, Bethel Census Area, AK
Crime rates in this rural Alaska ZIP code are generally low, though property crime remains the most frequently reported incident type compared to regional averages.
Schools serving this area are part of the regional district, with performance metrics often reflecting the challenges of remote, small-population education delivery.
The area faces significant environmental risks including extreme cold, heavy snowfall, and potential riverine flooding during spring breakup.
Economic momentum is largely tied to regional government services, seasonal tourism, and subsistence-based activities with limited large-scale 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).
Commuting is primarily local or via regional air/water transport, as there is no traditional highway connection to major urban employment cores.
The area offers extensive access to wilderness, fishing, and hunting, with limited formal shopping or indoor entertainment facilities.
The rental market is characterized by low inventory and high demand from seasonal workers and government personnel, leading to limited vacancy.
The economy is driven by public sector employment, regional healthcare services, and the seasonal commercial fishing industry.
Transportation is heavily reliant on aviation and river travel, with no road access to the state's primary highway system.
Development is constrained by geography and infrastructure limitations, with most projects focused on essential utility and public facility upgrades.
The borough assessor manages property valuations, which are generally updated periodically based on market sales and cost-approach assessments.
Parcels are subject to borough-wide service area taxes and regional educational district levies.
Property insurance is difficult to secure and expensive due to the remote location, high construction costs, and environmental hazard exposure.
Net domestic migration is generally stable with slight fluctuations driven by public sector job cycles.
Alaska is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Deed of Trust Act.
Sellers are required to provide a residential real property transfer disclosure statement covering the condition of the property.
Data retrieved from data.census.gov ZCTA-level 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.
Primary transportation artery and hub for local fishing and recreation.
Expansive protected area offering significant outdoor and wildlife viewing opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.