The typical owner-occupied home in South Naknek is worth about $96,700, 73% below the Alaska median of $352,900 and 71% below the national median of $332,700. The median household earns $54,063 a year, so the median home costs 1.8 times the median income (3.8 times for Alaska). 55% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
South Naknek at a glance
| South Naknek | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $96,700 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $54,063 | $92,788 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 0% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 1977 | 1986 | 1980 |
| Vacant homes | 65.2% | 17.6% | 10.1% |
| Population | 73 | 735,706 | 334,922,499 |
What a typical home costs per month in South Naknek
At this week's average 30-year rate of 7.11%, buying the median South Naknek home of $96,700 with 20% down costs about $649 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $810, 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 $27,829 for the 20%-down payment. That payment is 14% of the median South Naknek household income of $54,063; at that income and 20% down, the 28% guideline points to a home of about $188,000.
| Down payment | $19,340 |
|---|---|
| Loan amount | $77,360 |
| Principal and interest | $520 |
| Property taxes (1.10% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $649 |
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| Down payment | $3,384 |
|---|---|
| Loan amount | $94,949 |
| Principal and interest | $639 |
| Property taxes (1.10% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $810 |
Change the numbers in the calculator
Questions about home buying in South Naknek
What is the median home value in South Naknek?
About $96,700 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 South Naknek?
For the median home with 20% down at 7.11%, the payment is about $649 a month. Keeping that under 28% of gross income takes about $27,829 a year.
More about South Naknek
- Mortgage Refinance in South Naknek
- Debt Relief in South Naknek
- Home Equity Loans in South 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