The typical owner-occupied home in Lower Kalskag is worth about $300,000, 15% below the Alaska median of $352,900 and 10% below the national median of $332,700. The median household earns $30,500 a year, so the median home costs 9.8 times the median income (3.8 times for Alaska). 72% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Lower Kalskag at a glance
| Lower Kalskag | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $300,000 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $30,500 | $92,788 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 15% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $600 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 21.6% | 21.0% |
| Median rent | $700 | $1,419 | $1,413 |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 16.3% | 17.6% | 10.1% |
| Population | 239 | 735,706 | 334,922,499 |
What a typical home costs per month in Lower Kalskag
At this week's average 30-year rate of 7.11%, buying the median Lower Kalskag home of $300,000 with 20% down costs about $2,014 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,514, 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 $86,336 for the 20%-down payment. That payment is 79% of the median Lower Kalskag household income of $30,500; at that income and 20% down, the 28% guideline points to a home of about $106,000.
The median rent here is $700 a month, so owning the median home costs about $1,314 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $60,000 |
|---|---|
| Loan amount | $240,000 |
| Principal and interest | $1,614 |
| Property taxes (1.10% a year) | $275 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $2,014 |
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| Down payment | $10,500 |
|---|---|
| Loan amount | $294,566 |
| Principal and interest | $1,982 |
| Property taxes (1.10% a year) | $275 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $133 |
| Total per month | $2,514 |
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Questions about home buying in Lower Kalskag
What is the median home value in Lower Kalskag?
About $300,000 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 Lower Kalskag?
For the median home with 20% down at 7.11%, the payment is about $2,014 a month. Keeping that under 28% of gross income takes about $86,336 a year.
More about Lower Kalskag
- Mortgage Refinance in Lower Kalskag
- Debt Relief in Lower Kalskag
- Home Equity Loans in Lower Kalskag
- 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