The typical owner-occupied home in Gakona is worth about $350,000, about the same as the Alaska median of $352,900 and 5% above the national median of $332,700. The median household earns $96,250 a year, so the median home costs 3.6 times the median income (3.8 times for Alaska). 72% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Gakona at a glance
| Gakona | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $350,000 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $96,250 | $92,788 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 36% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,784 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 21.6% | 21.0% |
| Median rent | $795 | $1,419 | $1,413 |
| Rent as a share of renters' income | 13.4% | 27.7% | 30.6% |
| Median year homes were built | 1988 | 1986 | 1980 |
| Vacant homes | 48.3% | 17.6% | 10.1% |
| Population | 181 | 735,706 | 334,922,499 |
What a typical home costs per month in Gakona
At this week's average 30-year rate of 7.11%, buying the median Gakona home of $350,000 with 20% down costs about $2,350 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,933, 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 $100,725 for the 20%-down payment. That payment is 29% of the median Gakona household income of $96,250; at that income and 20% down, the 28% guideline points to a home of about $334,000.
The median rent here is $795 a month, so owning the median home costs about $1,555 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $70,000 |
|---|---|
| Loan amount | $280,000 |
| Principal and interest | $1,884 |
| Property taxes (1.10% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,350 |
Change the numbers in the calculator
| Down payment | $12,250 |
|---|---|
| Loan amount | $343,661 |
| Principal and interest | $2,312 |
| Property taxes (1.10% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $2,933 |
Change the numbers in the calculator
Questions about home buying in Gakona
What is the median home value in Gakona?
About $350,000 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 Gakona?
For the median home with 20% down at 7.11%, the payment is about $2,350 a month. Keeping that under 28% of gross income takes about $100,725 a year.
More about Gakona
- Mortgage Refinance in Gakona
- Debt Relief in Gakona
- Home Equity Loans in Gakona
- 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