The typical owner-occupied home in Toksook Bay is worth about $66,200, 81% below the Alaska median of $352,900 and 80% below the national median of $332,700. The median household earns $57,083 a year, so the median home costs 1.2 times the median income (3.8 times for Alaska). 75% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Toksook Bay at a glance
| Toksook Bay | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $66,200 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $57,083 | $92,788 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 9% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $492 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 21.6% | 21.0% |
| Median rent | $750 | $1,419 | $1,413 |
| Rent as a share of renters' income | 27.5% | 27.7% | 30.6% |
| Median year homes were built | 1983 | 1986 | 1980 |
| Vacant homes | 2.3% | 17.6% | 10.1% |
| Population | 833 | 735,706 | 334,922,499 |
What a typical home costs per month in Toksook Bay
At this week's average 30-year rate of 7.11%, buying the median Toksook Bay home of $66,200 with 20% down costs about $445 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $555, 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 $19,052 for the 20%-down payment. That payment is 9% of the median Toksook Bay household income of $57,083; at that income and 20% down, the 28% guideline points to a home of about $198,000.
The median rent here is $750 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,240 |
|---|---|
| Loan amount | $52,960 |
| Principal and interest | $356 |
| Property taxes (1.10% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $445 |
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| Down payment | $2,317 |
|---|---|
| Loan amount | $65,001 |
| Principal and interest | $437 |
| Property taxes (1.10% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $29 |
| Total per month | $555 |
Change the numbers in the calculator
Questions about home buying in Toksook Bay
What is the median home value in Toksook Bay?
About $66,200 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 Toksook Bay?
For the median home with 20% down at 7.11%, the payment is about $445 a month. Keeping that under 28% of gross income takes about $19,052 a year.
More about Toksook Bay
- Mortgage Refinance in Toksook Bay
- Debt Relief in Toksook Bay
- Home Equity Loans in Toksook 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