99581, Emmonak, AK

The Emmonak, AK zip code of 99581 has a median home value of $119,000 and a median home equity value of $101,000. These values are significantly lower than the statewide median home value of $187,500 and statewide median home equity value of $146,700. The Emmonak zip code also has a lower homeownership rate than the statewide homeownership rate of 68%.

There are several factors that may contribute to the low home values in the Emmonak zip code. First, there is a high percentage of homes that are vacant or unoccupied. This may lead to decreased demand for homes and consequently decreased prices. Additionally, there is a high concentration of rental units in the area which may also reduce demand for homes and drive down prices. Finally, Emmonak is located in an economically depressed region which may lead to reduced investment in residential properties and consequently decreased prices.