Real Estate Investing in Moose Pass, Alaska (99631)
Should you buy in 99631 (Moose Pass, AK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 58.6% of homes vacant — above national norms.
What’s happening in Moose Pass, AK (99631)?
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Market Analysis: 99631 Moose Pass
The 99631 ZIP in Moose Pass, AK is a local-operator market. Outside capital chasing a $284K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $284K asset, 99631 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 99631 offers a low basis, the region around Moose Pass has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 99631 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 99631 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Moose Pass:
Market Trends
Home Value History (with trend line)
📊 How Does 99631 Compare?
| Metric | 99631 | Moose Pass | Alaska |
|---|---|---|---|
| Home Value | $283,616 | $283,616 | $378,640 |
| 5-Year CAGR | 3.0% | 3.0% | 3.6% |
| Avg Rent | $1,179 | $1,179 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99631 (Moose Pass, AK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,616 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 99631
Population: 101
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 99631
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the average monthly rent in Moose Pass, AK?
Rent in Moose Pass, AK is around $1,179/mo. The resulting rent-to-value relationship with $284K pricing is reasonable for most investor models.
Are renters plentiful in Moose Pass, AK?
Moose Pass, AK draws a stable base of working renters. Demand at the $1,179/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Moose Pass, AK?
The 3.0/5 investability rating in Moose Pass, AK reflects its $284K prices and $1,179/mo rents. Investors generally consider it a solid option within AK.
What approach is best for Moose Pass, AK real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Moose Pass, AK. The numbers - $284K homes against $1,179/mo rents - support that play.
How quickly do rentals get leased in Moose Pass, AK?
Moose Pass, AK carries elevated vacancy risk. Expect reliable absorption at market rents of $1,179/mo.
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