Bethel, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bethel, AK Real Estate Data


Bethel Housing Market Information

With a population of 6,450, 1,923 total housing units (homes and apartments), and a median house value of $259,404, Bethel real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bethel, accounting for 65.17% of the city's housing units. Other types of housing that are prevalent in Bethel include duplexes, homes converted to apartments or other small apartment buildings ( 14.65%), large apartment complexes or high rise apartments ( 8.68%), and a few mobile homes or trailers ( 8.01%).

People in Bethel primarily live in small (one, two or no bedroom) single-family detached homes. Bethel has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bethel built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bethel built between 2000 and later ( 15.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.42%).

Vacant housing appears to be an issue in Bethel. Fully 20.17% of the housing stock is classified as vacant. Left unchecked, vacant Bethel homes and apartments can be a drag on the real estate market, holding Bethel real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bethel Home Appreciation Rates

In the last 10 years, Bethel has experienced some of the highest home appreciation rates of any community in the nation. Bethel real estate appreciated 21.24% over the last ten years, which is an average annual home appreciation rate of 1.94%, putting Bethel in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bethel definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bethel appreciation rates have trailed the rest of the nation. In the last twelve months, Bethel's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethel were at -1.16%, which equates to an annual appreciation rate of -4.55%.

Notably, Bethel's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alaska, our data show that Bethel's latest annual appreciation rate is higher than 70% of the other cities and towns in Alaska.

Average Home Values

 

Median Home Value:
$259,404

Bethel, AK HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.0
$543,001 - $814,000 0.0
$434,001 - $543,000 4.2
$325,001 - $434,000 21.0
$217,001 - $325,000 41.4
$108,001 - $217,000 18.9
$54,001 - $108,000 4.1
$0 - $54,000 10.3

High for AK
High for Nation

Value Relative to Nation Value Relative to State
20.8836282667292 24.5901639344262

Number Of Homes And Apartments:
1,923

Rent & Ownership

 

Average Market Rent:
$1,901 / per month

Homeownership Rate

Homeownership
Owners 46.64
Renters 53.36
Vacant 20.17

Housing Market Details

 

Age of Homes

AGE OF Bethel HOMES
2000 or Newer 15.6
1970 - 1999 73.6
1940 - 1969 10.4
1939 or Older 0.4

Types of Homes

TYPE OF Bethel HOMES
Single-Family 65.2
Townhomes 3.5
Small Apt. Buildings 14.7
Apt. Complexes 8.7
Mobile Homes 8.0
Other 0.0

Home Size

SIZE OF Bethel HOMES
No Bedroom 6.27
1 Bedroom 17.39
2 Bedrooms 26.98
3 Bedrooms 34.83
4 Bedrooms 11.58
5 or more bedrooms 2.95

Bethel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
72.86% 3.22% 6 9
* 10 is highest

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