Wrangell City and Borough is a price-led, income-unverified screen: Zillow’s median home value was $325,502 in 2026-06, up 6.51% year over year, while market asking rent is not published. Cash-flow buyers should be cautious, and investigators should first test local leases and flood exposure before viewing the value change as support for an acquisition. The available record supports a county screening thesis, not a complete operating case.
Gross yield cannot be computed because measured market rent is absent. HUD’s $1,217 two-bedroom Fair Market Rent is a payment standard, not an estimate of asking rent, so it cannot be substituted for rent or yield. The supplied effective property-tax rate is 0.56%, with a $1,673 median annual tax. Parcel assessments, tax bills, insurance quotes and utilities are not published; without them, carrying-cost coverage cannot be tested.
Labor and movement evidence do not resolve demand depth. In 2025 QCEW, annual average covered employment at county workplaces was 796, up 2.31%, and covered workers averaged $1,159 weekly, up 5.84%. Trade, transportation, and utilities was the largest disclosed private supersector, at 27.23% of private covered jobs; it is not the whole county economy. Tax-return households showed net migration of -23, while inbound movers’ average AGI exceeded outbound movers’ by $35,992. The record shows no investor purchases among four total purchases, leaving buyer competition unproven.
Inland flood is the named dominant hazard, and modeled annual expected building-value loss is 0.02%; that model is not a parcel loss estimate. No FHFA annual repeat-transaction HPI is published to independently test Zillow’s direction. The supplied Realtor.com inventory source is labeled 2026-06, but no MLS listing-price, active-listing, days-on-market or reduction-share figures are published. The record therefore cannot establish closed-sale pricing, visible supply, marketing time, insurance resilience or exit liquidity. Next checks are lease comps, parcel flood history and elevation, insurance terms, tax bills, and transaction-level sales.