North Pole, AK—99705
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Pole, AK
As of Oct '25, the median home price in North Pole, AK is $316,000, with a year-over-year change of -2.0%. This indicates that home prices in North Pole, AK are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | -2.0% |
| Single Family | $317,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | -3.5% |
3 Bed | $354,000 | -1.1% |
4 Bed | $415,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Pole, AK
As of July '25, Rentcast reports the average rent in North Pole, AK is $1,830, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in North Pole, AK is studios: $825, 1-bedrooms: $914, 2-bedrooms: $1,680, 3-bedrooms: $2,330, 4-bedrooms: $2,880. The most common rental property sizes in North Pole, AK are 2-bedroom and 3-bedroom, accounting for 42.7% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,830 |
| Studio Rent | $550 | $825 |
| 1 Bed Rent | $700 | $914 |
| 2 Bed Rent | $1,700 | $1,680 |
| 3 Bed Rent | $2,350 | $2,330 |
| 4 Bed Rent | $2,850 | $2,880 |
% of Rental Stock
Property Listings — North Pole, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in North Pole, AK is 50. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | -2.0% |
Listing Count | 128 | 61.0% |
| Listings as % of Homes | 0.7% | 61.0% |
Days on Market | 50 | -8.0% |
Demographics — North Pole, AK
As of the latest ACS Survey released in 2023, North Pole, AK has a population of 22,300, which has decreased by -2.9% over the past 5 years. North Pole, AK is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,300 | -2.9% |
% Under 18 | 25.3% | -4.2% |
% Seniors | 10.7% | 33.7% |
% WFH | 4.2% | 133.3% |
% w/ College Degree | 26.3% | 17.9% |
As of the latest ACS Survey released in 2023, North Pole, AK is a predominantly white area, with 75.2% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in North Pole, AK is hispanic, making up 7.2% of the population. Foreign-born residents account for 3.6% of the population in North Pole, AK, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.2% | 2.3% |
% Black | 1.6% | -62.8% |
% Hispanic | 7.2% | 9.1% |
% Asian | 1.5% | 36.4% |
% Foreign Born | 3.6% | 12.5% |
Mortgage and Risk — North Pole, AK
According to HUD data as of 2023, there were 504 mortgage originations in North Pole, AK, of which 31.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 64.0% above 90% LTV (very high). This implies large mortgage risk in North Pole, AK. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 504 |
% Conventional Loans | 31.0% |
% Government Loans | 69.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — North Pole, AK
As of 2024, the percent of homes in North Pole, AK under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Pole, AK, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $700 | $1,290 |
| 2 Bedroom | -$10 | $1,700 | $1,690 |
| 3 Bedroom | $20 | $2,350 | $2,370 |
| 4 Bedroom | -$10 | $2,850 | $2,840 |
Affordability — North Pole, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $316,000 |
| Median Household Income | $97,000 |