The story of this market
The typical home in Chevak, Alaska sells for about $86,200.
Monthly price momentum
Home values since 2015
+6.3%
AK · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Chevak, Alaska
Chevak is a remote, rural community with a small, stable population and a housing market characterized by low median values and high poverty rates. Economic activity is limited, and the lack of traditional market liquidity makes it a challenging environment for conventional real estate investment. Most data points regarding market velocity and inventory are unavailable due to the isolated nature of the local economy.
No ARED county foreclosure postings attributed to Chevak yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
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 9.5% · poverty 34.7% — elevated distress and economic pressure.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
The primary transportation hub for the city, providing essential commercial air service for residents and goods.
Chevak is primarily suited for long-term residents and those with deep ties to the local Cup'ik community, as the market lacks the infrastructure, liquidity, and economic diversity typically sought by outside investors or commuters.
The city is served by the Kashunamiut School District, which operates the local school system in this remote, rural community.
Transportation is primarily limited to air travel via the local airport, as there are no highway connections to the broader Alaska road system.
Recreation in Chevak is primarily centered on traditional subsistence activities, outdoor exploration, and community-based events within the surrounding rural landscape.
The rental market in Chevak is characterized by high vacancy rates and limited formal inventory, with affordability constraints impacting the local tenant base.
The local economy is heavily reliant on subsistence activities and public sector employment, with limited private industry and high unemployment rates.
Economic momentum is limited by the remote location and reliance on subsistence activities, with minimal large-scale commercial development or infrastructure expansion reported.
The city is served by the Kashunamiut School District, which is the primary special district governing local educational services.
Chevak is located in a remote, low-lying area of Western Alaska, facing significant environmental risks related to flooding and climate-driven infrastructure challenges.
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).
Data retrieved from US Census Bureau and Census Reporter profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.