The story of this market
The typical home in ZIP 99778 sells for about $38,100.
HUD's fair market rent for a two-bedroom is $1,640 a month.
ZIP 99778 — Shishmaref
The housing market in Teller (99778) is a remote, low-volume market with very limited data available for standard metrics like days on market or active inventory. The area is characterized by high renter cost-burden and reliance on fuel oil for heating, with a median home value significantly lower than national averages. Most metrics for sales volume and price trends are not determinable due to the lack of active MLS reporting for this specific ZIP code.
This ZIP is primarily for long-term residents and those connected to the local subsistence or remote-service economy, rather than traditional real estate investors or commuters.
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) — a stable, low-distress profile.
ZCTA 99778, Nome Census Area AK
Crime data for this ZIP is not determinable as it is reported at the county level and thinly covered areas often lack specific reporting.
The area is subject to extreme weather conditions typical of the Seward Peninsula, with infrastructure and housing posture influenced by remote, subarctic climate risks.
Economic momentum is limited; the area is a remote settlement with historical roots in reindeer herding and minimal modern commercial 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) — Alaska Statutory Real Property Assessment Ratio and Municipal Levy Authority: Imposes an ad valorem property tax assessed at 100% full and true value (fair market value assessment ratio of 1.0) under AS 29.45.110.
The area is situated on the Nuuk spit between Port Clarence Bay and Grantley Harbor, offering access to remote coastal and wilderness environments.
The rental market is characterized by high cost-burden pressure, with 66.7% of renter households identified as rent-burdened.
The local economy is primarily driven by remote community services and subsistence activities, with no major corporate employers.
Data retrieved from Census ACS 5-year estimates via Fair Market Rent Map and MyTownView.
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. Source: NCES EDGE public school locations 2023-24.
Coastal bay separating the spit from the mainland.
Harbor area adjacent to the settlement.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.