The typical owner-occupied home in Hoonah is worth about $329,400, 7% below the Alaska median of $352,900 and about the same as the national median of $332,700. The median household earns $80,500 a year, so the median home costs 4.1 times the median income (3.8 times for Alaska). 64% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Hoonah at a glance
| Hoonah | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $329,400 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $80,500 | $92,788 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 26% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,688 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.6% | 21.0% |
| Median rent | $1,316 | $1,419 | $1,413 |
| Rent as a share of renters' income | 23.7% | 27.7% | 30.6% |
| Median year homes were built | 1982 | 1986 | 1980 |
| Vacant homes | 23.6% | 17.6% | 10.1% |
| Population | 862 | 735,706 | 334,922,499 |
What a typical home costs per month in Hoonah
At this week's average 30-year rate of 7.11%, buying the median Hoonah home of $329,400 with 20% down costs about $2,212 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,761, 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 $94,797 for the 20%-down payment. That payment is 33% of the median Hoonah household income of $80,500; at that income and 20% down, the 28% guideline points to a home of about $280,000.
The median rent here is $1,316 a month, so owning the median home costs about $896 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,880 |
|---|---|
| Loan amount | $263,520 |
| Principal and interest | $1,773 |
| Property taxes (1.10% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| PMI | $0 |
| Total per month | $2,212 |
Change the numbers in the calculator
| Down payment | $11,529 |
|---|---|
| Loan amount | $323,434 |
| Principal and interest | $2,176 |
| Property taxes (1.10% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| FHA mortgage insurance | $146 |
| Total per month | $2,761 |
Change the numbers in the calculator
Questions about home buying in Hoonah
What is the median home value in Hoonah?
About $329,400 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 Hoonah?
For the median home with 20% down at 7.11%, the payment is about $2,212 a month. Keeping that under 28% of gross income takes about $94,797 a year.
More about Hoonah
- Mortgage Refinance in Hoonah
- Debt Relief in Hoonah
- Home Equity Loans in Hoonah
- 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