The story of this market
The typical home in ZIP 99921 sells for about $262,500, or $165 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,142 a month.
ZIP 99921 — Craig
The housing market in ZIP 99921 is characterized by low inventory and slow turnover, typical of a remote Alaskan community. Prices have seen modest appreciation, but the market remains highly sensitive to local industry cycles and seasonal demand. Data for specific metrics like active listings and price cuts are limited due to the small, rural nature of the market.
This ZIP is best suited for outdoor enthusiasts, families seeking a small-town lifestyle, and those employed in local resource-based industries.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 12.0% — 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 4.0%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99921, Alaska
Crime rates in Craig are generally low and consistent with small-town Alaskan standards, though specific regional comparative data is limited.
Schools in the area are part of the Craig City School District, which serves the local community with small class sizes and a focus on rural education.
The area faces significant risks from heavy rainfall, potential flooding, and high wind events common to the Southeast Alaska maritime climate.
Economic momentum is driven primarily by the fishing, timber, and tourism industries, with limited large-scale industrial 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).
Commuting is primarily local within Craig; travel to larger employment hubs requires ferry or air transport.
The area offers extensive access to outdoor recreation including fishing, boating, hiking in the Tongass National Forest, and local park facilities.
The rental market is tight due to limited housing stock, with demand driven by seasonal workers and local residents.
The economy is anchored by commercial fishing, seafood processing, and public sector employment.
Transportation relies on the Alaska Marine Highway System and local regional airports.
Development is constrained by geography and environmental regulations, with no major large-scale projects currently reported.
Assessments are managed at the borough level with periodic reappraisals.
Parcels are subject to local municipal and borough-level service area taxes.
Insurance premiums are influenced by high hazard exposure to maritime weather and remote location logistics.
Net migration is generally stable with modest fluctuations tied to seasonal industry cycles.
Alaska follows a non-judicial foreclosure process for deeds of trust.
Sellers are required to provide a residential real property transfer disclosure statement.
Data retrieved from data.census.gov ZCTA 99921 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.
Extensive wilderness area surrounding the community.
Central hub for local fishing and maritime activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.