The typical owner-occupied home in Alaska is worth about $352,900, 6% above the national median of $332,700. Owners pay a median $3,901 a year in property taxes, about 1.11% of their home's value, higher than the national rate of 0.94%. The median household earns $92,788 a year, so the median home costs 3.8 times the median income (4.1 times for the U.S.). 67% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Alaska at a glance
| Alaska | U.S. | |
|---|---|---|
| Median home value | $352,900 | $332,700 |
| Median property tax paid per year | $3,901 | $3,119 |
| Property tax as a share of value | 1.11% | 0.94% |
| Median household income | $92,788 | $80,734 |
| Homes lived in by their owners | 67% | 65% |
| Owner homes with a mortgage | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 21.0% |
| Median rent | $1,419 | $1,413 |
| Rent as a share of renters' income | 27.7% | 30.6% |
| Median year homes were built | 1986 | 1980 |
| Vacant homes | 17.6% | 10.1% |
| Population | 735,706 | 334,922,499 |
What a typical home costs per month in Alaska
At this week's average 30-year rate of 7.11%, buying the median Alaska home of $352,900 with 20% down costs about $2,373 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,961, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $101,685 for the 20%-down payment. That payment is 31% of the median Alaska household income of $92,788; at that income and 20% down, the 28% guideline points to a home of about $322,000.
The median rent here is $1,419 a month, so owning the median home costs about $954 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $70,580 |
|---|---|
| Loan amount | $282,320 |
| Principal and interest | $1,899 |
| Property taxes (1.11% a year) | $326 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| PMI | $0 |
| Total per month | $2,373 |
Change the numbers in the calculator
| Down payment | $12,352 |
|---|---|
| Loan amount | $346,508 |
| Principal and interest | $2,331 |
| Property taxes (1.11% a year) | $326 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| FHA mortgage insurance | $156 |
| Total per month | $2,961 |
Change the numbers in the calculator
Questions about home buying in Alaska
What is the median home value in Alaska?
About $352,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alaska?
Homeowners pay a median $3,901 a year, which is about 1.11% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Alaska?
For the median home with 20% down at 7.11%, the payment is about $2,373 a month. Keeping that under 28% of gross income takes about $101,685 a year.
More about Alaska
- Mortgage Refinance in Alaska
- Debt Relief in Alaska
- Home Equity Loans in Alaska
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data