The story of this market
The typical home in ZIP 99766 sells for about $150,000, or $135 per square foot.
Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 99766 — Point Hope
The housing market in 99766 is extremely stagnant with very low transaction volume and limited inventory. Market conditions are driven by the remote, isolated nature of the village and a reliance on employer-provided housing rather than a traditional private market. No significant price changes or development momentum were observed.
This location is primarily for residents with deep cultural or professional ties to the Point Hope community, as it is a remote, isolated village with limited housing market liquidity.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 180 days on market with 12.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 95% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.5% · poverty 18.0% — 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 0.8%/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 1.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99766, North Slope Borough, AK
The area is served by the North Slope Borough School District, which provides education in a remote, isolated Arctic environment.
The region faces significant environmental risks including coastal erosion, permafrost degradation, and extreme Arctic weather conditions.
Economic activity is primarily driven by subsistence hunting, local government, and public 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).
Recreation is centered on traditional Iñupiat cultural activities, subsistence hunting, fishing, and the unique Arctic coastal landscape.
The rental market is extremely limited and primarily consists of employer-provided housing for essential staff.
The economy is heavily reliant on the public sector, including the North Slope Borough and local tribal government, alongside traditional subsistence activities.
Access is limited to air travel via the Point Hope Airport; there are no road connections to the rest of the state.
Infrastructure projects are primarily focused on coastal erosion mitigation and essential utility maintenance.
The North Slope Borough Assessor manages property valuations for the entire borough.
Parcels are subject to North Slope Borough taxation and school district oversight.
Property insurance is difficult to obtain and expensive due to the extreme remote location and high risk of natural hazards.
Data retrieved from US Census Bureau ZCTA 99766 profiles.
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.
Serves as the primary hub for local gatherings and events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.