The story of this market
The typical home in ZIP 99770 sells for about $285,000, or $359 per square foot.
Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,000 a month.
This ZIP has no home sales of its own, so its market figures come from Nome Census Area, Alaska (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 99770 — St. Michael
ZIP 99770 in Selawik, Alaska, is a remote, sparsely populated area with significant economic challenges, including high poverty and unemployment rates. The housing market is extremely limited with very low median home values and a high vacancy rate. Most standard market metrics like days on market or active inventory are not published for this geography.
This area is primarily for long-term residents of Selawik, as the remote location and limited economic infrastructure make it unsuitable for typical commuters or investors.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 19 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 36.5% · poverty 41.3% — elevated distress and economic pressure.
ZCTA 99770, Northwest Arctic Borough, AK
The local economy is extremely limited with only 3 business establishments reported in the ZIP code.
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 rental market is characterized by a high vacancy rate of approximately 32% and a median gross rent of $475.
The economy is highly localized and underdeveloped, with minimal business presence and high unemployment rates.
Data retrieved from Census Bureau and ZIP-specific reporting platforms.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($61,000) sat outside the 0.25–4× band around Nome Census Area County's retained level and was not stored.