The typical owner-occupied home in Goodnews Bay is worth about $137,500, 61% below the Alaska median of $352,900 and 59% below the national median of $332,700. The median household earns $26,875 a year, so the median home costs 5.1 times the median income (3.8 times for Alaska). 100% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Goodnews Bay at a glance
| Goodnews Bay | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $137,500 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $26,875 | $92,788 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 16% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 2001 | 1986 | 1980 |
| Vacant homes | 5.0% | 17.6% | 10.1% |
| Population | 115 | 735,706 | 334,922,499 |
What a typical home costs per month in Goodnews Bay
At this week's average 30-year rate of 7.11%, buying the median Goodnews Bay home of $137,500 with 20% down costs about $923 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,152, 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 $39,570 for the 20%-down payment. That payment is 41% of the median Goodnews Bay household income of $26,875; at that income and 20% down, the 28% guideline points to a home of about $93,000.
| Down payment | $27,500 |
|---|---|
| Loan amount | $110,000 |
| Principal and interest | $740 |
| Property taxes (1.10% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $923 |
Change the numbers in the calculator
| Down payment | $4,812 |
|---|---|
| Loan amount | $135,010 |
| Principal and interest | $908 |
| Property taxes (1.10% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,152 |
Change the numbers in the calculator
Questions about home buying in Goodnews Bay
What is the median home value in Goodnews Bay?
About $137,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Goodnews Bay?
For the median home with 20% down at 7.11%, the payment is about $923 a month. Keeping that under 28% of gross income takes about $39,570 a year.
More about Goodnews Bay
- Mortgage Refinance in Goodnews Bay
- Debt Relief in Goodnews Bay
- Home Equity Loans in Goodnews Bay
- 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