The typical owner-occupied home in Two Rivers is worth about $315,600, 11% below the Alaska median of $352,900 and 5% below the national median of $332,700. Owners pay a median $2,163 a year in property taxes, about 0.69% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $78,155 a year, so the median home costs 4.0 times the median income (3.8 times for Alaska). 100% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Two Rivers at a glance
| Two Rivers | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $315,600 | $352,900 | $332,700 |
| Median property tax paid per year | $2,163 | $3,901 | $3,119 |
| Property tax as a share of value | 0.69% | 1.11% | 0.94% |
| Median household income | $78,155 | $92,788 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 24% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 1991 | 1986 | 1980 |
| Vacant homes | 28.5% | 17.6% | 10.1% |
| Population | 451 | 735,706 | 334,922,499 |
What a typical home costs per month in Two Rivers
At this week's average 30-year rate of 7.11%, buying the median Two Rivers home of $315,600 with 20% down costs about $2,011 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,537, 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 $86,204 for the 20%-down payment. That payment is 31% of the median Two Rivers household income of $78,155; at that income and 20% down, the 28% guideline points to a home of about $286,000.
| Down payment | $63,120 |
|---|---|
| Loan amount | $252,480 |
| Principal and interest | $1,698 |
| Property taxes (0.69% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $2,011 |
Change the numbers in the calculator
| Down payment | $11,046 |
|---|---|
| Loan amount | $309,884 |
| Principal and interest | $2,085 |
| Property taxes (0.69% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,537 |
Change the numbers in the calculator
Questions about home buying in Two Rivers
What is the median home value in Two Rivers?
About $315,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Two Rivers?
Homeowners pay a median $2,163 a year, which is about 0.69% 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 Two Rivers?
For the median home with 20% down at 7.11%, the payment is about $2,011 a month. Keeping that under 28% of gross income takes about $86,204 a year.
More about Two Rivers
- Mortgage Refinance in Two Rivers
- Debt Relief in Two Rivers
- Home Equity Loans in Two Rivers
- 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