Bethel, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bethel Neighborhoods Since 2000




Bethel, AK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bethel Housing Market Information

With 6,450 people, 1,923 houses or apartments, and a median cost of homes of $258,595, 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 19.00% over the last ten years, which is an average annual home appreciation rate of 1.75%, 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 1.68%, 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 -0.48%, which equates to an annual appreciation rate of -1.91%.

Relative to Alaska, our data show that Bethel's latest annual appreciation rate is higher than 60% of the other cities and towns in Alaska.

Average Home Values

 

Median Home Value:
$258,595

Bethel, AK HOME PRICES

Value Range
> $1,081,000 0.0
$812,001 - $1,081,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 4.2
$324,001 - $433,000 21.0
$216,001 - $324,000 41.4
$108,001 - $216,000 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
21.2762217274112 24.5901639344262

Number Of Homes And Apartments:
1,923

Bethel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
72.42% 3.21% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,929 / 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

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Zip Codes in Bethel, AK