The typical owner-occupied home in Tenakee Springs is worth about $258,300, 27% below the Alaska median of $352,900 and 22% below the national median of $332,700. The median household earns $54,375 a year, so the median home costs 4.8 times the median income (3.8 times for Alaska). 91% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Tenakee Springs at a glance
| Tenakee Springs | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $258,300 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $54,375 | $92,788 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 9% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | $513 | $1,419 | $1,413 |
| Rent as a share of renters' income | 28.8% | 27.7% | 30.6% |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 59.7% | 17.6% | 10.1% |
| Population | 163 | 735,706 | 334,922,499 |
What a typical home costs per month in Tenakee Springs
At this week's average 30-year rate of 7.11%, buying the median Tenakee Springs home of $258,300 with 20% down costs about $1,734 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,165, 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 $74,335 for the 20%-down payment. That payment is 38% of the median Tenakee Springs household income of $54,375; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $513 a month, so owning the median home costs about $1,221 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,660 |
|---|---|
| Loan amount | $206,640 |
| Principal and interest | $1,390 |
| Property taxes (1.10% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| PMI | $0 |
| Total per month | $1,734 |
Change the numbers in the calculator
| Down payment | $9,040 |
|---|---|
| Loan amount | $253,622 |
| Principal and interest | $1,706 |
| Property taxes (1.10% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| FHA mortgage insurance | $114 |
| Total per month | $2,165 |
Change the numbers in the calculator
Questions about home buying in Tenakee Springs
What is the median home value in Tenakee Springs?
About $258,300 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 Tenakee Springs?
For the median home with 20% down at 7.11%, the payment is about $1,734 a month. Keeping that under 28% of gross income takes about $74,335 a year.
More about Tenakee Springs
- Mortgage Refinance in Tenakee Springs
- Debt Relief in Tenakee Springs
- Home Equity Loans in Tenakee Springs
- 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