The story of this market
The typical home in ZIP 99612 sells for about $225,000, or $185 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 99612 — Cold Bay
The housing market in 99612 is extremely quiet with very low inventory and minimal sales activity, reflecting the remote nature of the King Cove economy. Prices remain stable, driven by local industry demand rather than speculative investment. Most housing is tied to the fishing industry, resulting in a limited and specialized market.
This ZIP is best suited for individuals employed in the local fishing and maritime industries or those seeking a remote, rugged lifestyle in a small, tight-knit coastal community.
Median prices moved up 2.3% year over year.
Homes spend a median of 112 days on market with 8.5 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 11.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99612, Aleutians East Borough, AK
The area is subject to extreme weather conditions typical of the Aleutian Islands, including high winds and coastal storm surge risks.
The local economy is heavily anchored by the commercial fishing and seafood processing industry, which drives the majority of employment and infrastructure needs.
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).
The area offers significant outdoor recreation opportunities, including world-class salmon and halibut fishing, hiking, and wildlife viewing in the surrounding wilderness.
The rental market is extremely limited and primarily serves seasonal workers in the fishing industry, leading to high vacancy pressure during the off-season.
The economy is almost entirely dependent on the commercial fishing industry, specifically Peter Pan Seafoods, which serves as the primary employer.
Transportation is primarily via air and sea; there is no road connection to the mainland road system.
Parcels are subject to Aleutians East Borough property tax levies.
Property insurance is difficult to obtain and expensive due to the extreme remote location and high risk of wind and storm damage.
Data retrieved from US Census Bureau ZCTA 99612 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
The primary hub for the local fishing fleet and economic activity.
Provides scenic views and local wildlife habitat.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.