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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 2,189, 803 total housing units (homes and apartments), and a median house value of $213,230, North Pole real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Pole, accounting for 60.13% of the city's housing units. Other types of housing that are prevalent in North Pole include duplexes, homes converted to apartments or other small apartment buildings ( 18.47%), large apartment complexes or high rise apartments ( 12.38%), and a few row houses and other attached homes ( 6.93%).
The most prevalent building size and type in North Pole are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.19% owning and 43.81% renting.
There is a lot of housing in North Pole 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 North Pole built between 2000 and later ( 24.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.95%).
Vacant housing appears to be an issue in North Pole. Fully 15.74% of the housing stock is classified as vacant. Left unchecked, vacant North Pole homes and apartments can be a drag on the real estate market, holding North Pole 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.
Appreciation rates for homes in North Pole have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.09%, which ranks in the top 40% nationwide. This equates to an annual average North Pole house appreciation rate of 0.87%.
Appreciation rates are so strong in North Pole that despite a nationwide downturn in the housing market, North Pole real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Pole appreciation rates continue to be some of the highest in America, at 6.29%, which is higher than appreciation rates in 76.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Pole. North Pole appreciation rates in the latest quarter were at 3.62%, which equates to an annual appreciation rate of 15.29%.
Importantly, this makes North Pole one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alaska, our data show that North Pole's latest annual appreciation rate is higher than 90% of the other cities and towns in Alaska.
|$818,001 - $1,091,000||0.0|
|$545,001 - $818,000||1.1|
|$436,001 - $545,000||4.7|
|$327,001 - $436,000||9.9|
|$218,001 - $327,000||33.2|
|$109,001 - $218,000||42.0|
|$55,001 - $109,000||7.2|
|$0 - $55,000||1.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Pole HOMES|
|2000 or Newer||24.9|
|1970 - 1999||59.2|
|1940 - 1969||15.9|
|1939 or Older||0.0|
|TYPE OF North Pole HOMES|
|Small Apt. Buildings||18.5|
|SIZE OF North Pole HOMES|
|5 or more bedrooms||3.04|