The typical owner-occupied home in Nikiski is worth about $312,600, 11% below the Alaska median of $352,900 and 6% below the national median of $332,700. Owners pay a median $1,953 a year in property taxes, about 0.62% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $65,863 a year, so the median home costs 4.7 times the median income (3.8 times for Alaska). 79% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Nikiski at a glance
| Nikiski | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $312,600 | $352,900 | $332,700 |
| Median property tax paid per year | $1,953 | $3,901 | $3,119 |
| Property tax as a share of value | 0.62% | 1.11% | 0.94% |
| Median household income | $65,863 | $92,788 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 41% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,005 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 21.6% | 21.0% |
| Median rent | $996 | $1,419 | $1,413 |
| Rent as a share of renters' income | 25.4% | 27.7% | 30.6% |
| Median year homes were built | 1985 | 1986 | 1980 |
| Vacant homes | 16.9% | 17.6% | 10.1% |
| Population | 4,773 | 735,706 | 334,922,499 |
What a typical home costs per month in Nikiski
At this week's average 30-year rate of 7.11%, buying the median Nikiski home of $312,600 with 20% down costs about $1,974 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,495, 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 $84,603 for the 20%-down payment. That payment is 36% of the median Nikiski household income of $65,863; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $996 a month, so owning the median home costs about $978 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,520 |
|---|---|
| Loan amount | $250,080 |
| Principal and interest | $1,682 |
| Property taxes (0.62% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $130 |
| PMI | $0 |
| Total per month | $1,974 |
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| Down payment | $10,941 |
|---|---|
| Loan amount | $306,938 |
| Principal and interest | $2,065 |
| Property taxes (0.62% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $130 |
| FHA mortgage insurance | $138 |
| Total per month | $2,495 |
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Questions about home buying in Nikiski
What is the median home value in Nikiski?
About $312,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nikiski?
Homeowners pay a median $1,953 a year, which is about 0.62% 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 Nikiski?
For the median home with 20% down at 7.11%, the payment is about $1,974 a month. Keeping that under 28% of gross income takes about $84,603 a year.
More about Nikiski
- Mortgage Refinance in Nikiski
- Debt Relief in Nikiski
- Home Equity Loans in Nikiski
- 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