The typical owner-occupied home in Naknek is worth about $243,800, 31% below the Alaska median of $352,900 and 27% below the national median of $332,700. Owners pay a median $2,111 a year in property taxes, about 0.87% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $88,750 a year, so the median home costs 2.7 times the median income (3.8 times for Alaska). 59% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Naknek at a glance
| Naknek | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $243,800 | $352,900 | $332,700 |
| Median property tax paid per year | $2,111 | $3,901 | $3,119 |
| Property tax as a share of value | 0.87% | 1.11% | 0.94% |
| Median household income | $88,750 | $92,788 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 22% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,111 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 21.6% | 21.0% |
| Median rent | $1,356 | $1,419 | $1,413 |
| Rent as a share of renters' income | 13.1% | 27.7% | 30.6% |
| Median year homes were built | 1984 | 1986 | 1980 |
| Vacant homes | 63.5% | 17.6% | 10.1% |
| Population | 522 | 735,706 | 334,922,499 |
What a typical home costs per month in Naknek
At this week's average 30-year rate of 7.11%, buying the median Naknek home of $243,800 with 20% down costs about $1,590 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,997, 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 $68,160 for the 20%-down payment. That payment is 22% of the median Naknek household income of $88,750; at that income and 20% down, the 28% guideline points to a home of about $317,000.
The median rent here is $1,356 a month, so owning the median home costs about $234 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,760 |
|---|---|
| Loan amount | $195,040 |
| Principal and interest | $1,312 |
| Property taxes (0.87% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,590 |
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| Down payment | $8,533 |
|---|---|
| Loan amount | $239,384 |
| Principal and interest | $1,610 |
| Property taxes (0.87% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $1,997 |
Change the numbers in the calculator
Questions about home buying in Naknek
What is the median home value in Naknek?
About $243,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Naknek?
Homeowners pay a median $2,111 a year, which is about 0.87% 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 Naknek?
For the median home with 20% down at 7.11%, the payment is about $1,590 a month. Keeping that under 28% of gross income takes about $68,160 a year.
More about Naknek
- Mortgage Refinance in Naknek
- Debt Relief in Naknek
- Home Equity Loans in Naknek
- 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