The typical owner-occupied home in Ninilchik is worth about $254,400, 28% below the Alaska median of $352,900 and 24% below the national median of $332,700. Owners pay a median $1,492 a year in property taxes, about 0.59% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $55,179 a year, so the median home costs 4.6 times the median income (3.8 times for Alaska). 87% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Ninilchik at a glance
| Ninilchik | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $254,400 | $352,900 | $332,700 |
| Median property tax paid per year | $1,492 | $3,901 | $3,119 |
| Property tax as a share of value | 0.59% | 1.11% | 0.94% |
| Median household income | $55,179 | $92,788 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 32% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,415 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 21.6% | 21.0% |
| Median rent | $1,000 | $1,419 | $1,413 |
| Rent as a share of renters' income | 41.0% | 27.7% | 30.6% |
| Median year homes were built | 1994 | 1986 | 1980 |
| Vacant homes | 53.4% | 17.6% | 10.1% |
| Population | 965 | 735,706 | 334,922,499 |
What a typical home costs per month in Ninilchik
At this week's average 30-year rate of 7.11%, buying the median Ninilchik home of $254,400 with 20% down costs about $1,600 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,024, 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 $68,579 for the 20%-down payment. That payment is 35% of the median Ninilchik household income of $55,179; at that income and 20% down, the 28% guideline points to a home of about $205,000.
The median rent here is $1,000 a month, so owning the median home costs about $600 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,880 |
|---|---|
| Loan amount | $203,520 |
| Principal and interest | $1,369 |
| Property taxes (0.59% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| PMI | $0 |
| Total per month | $1,600 |
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| Down payment | $8,904 |
|---|---|
| Loan amount | $249,792 |
| Principal and interest | $1,680 |
| Property taxes (0.59% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| FHA mortgage insurance | $113 |
| Total per month | $2,024 |
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Questions about home buying in Ninilchik
What is the median home value in Ninilchik?
About $254,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ninilchik?
Homeowners pay a median $1,492 a year, which is about 0.59% 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 Ninilchik?
For the median home with 20% down at 7.11%, the payment is about $1,600 a month. Keeping that under 28% of gross income takes about $68,579 a year.
More about Ninilchik
- Mortgage Refinance in Ninilchik
- Debt Relief in Ninilchik
- Home Equity Loans in Ninilchik
- 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