The story of this market
The typical home in ZIP 99833 sells for about $394,000, or $265 per square foot.
Prices are down 16% from a year ago, which gives buyers more room to negotiate. Homes take about 179 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 99833 — Petersburg
The housing market in 99833 is currently experiencing a cooling trend with a significant year-over-year decline in median sale prices. Limited inventory and high days on market suggest a slow-moving environment driven by the remote nature of the geography and seasonal economic cycles. No specific price-cut data was available for this ZIP code.
This ZIP is best suited for those seeking a remote, outdoor-oriented lifestyle, including fishing industry workers, retirees, and those who prioritize natural surroundings over urban amenities.
Median prices moved down 16.0% year over year.
Homes spend a median of 179 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 9.0% — a stable, low-distress profile.
ZCTA 99833, Petersburg Borough, AK
The area is served by the Petersburg School District, which is generally characterized by its small-town, community-focused educational environment.
The region faces significant environmental risks including potential for flooding, seismic activity, and severe weather typical of Southeast Alaska, which influences local insurance availability and costs.
Economic momentum is driven primarily by the fishing, seafood processing, and tourism industries, with limited large-scale infrastructure development.
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 is remote and primarily accessible by boat or plane, with local travel relying on personal vehicles on limited road networks.
The area offers extensive outdoor recreation including fishing, boating, hiking, and wildlife viewing, with limited commercial shopping districts.
The rental market is characterized by limited inventory and high demand, with many units serving seasonal workers in the fishing and tourism sectors.
The economy is heavily anchored by the commercial fishing industry, seafood processing plants, and seasonal tourism.
Transportation is primarily maritime and aviation-based, with limited road infrastructure connecting the community.
Parcels are subject to Petersburg Borough taxation and school district levies.
Property insurance is influenced by high hazard exposure and the remote nature of the geography, often leading to higher premiums.
Data retrieved from US Census Bureau ZCTA 99833 profiles.
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.
A major waterway essential for local marine traffic and fishing.
Provides extensive access to hiking trails and wilderness areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.