The typical owner-occupied home in Larsen Bay is worth about $117,500, 67% below the Alaska median of $352,900 and 65% below the national median of $332,700. Owners pay a median $1,400 a year in property taxes, about 1.19% of their home's value, higher than the Alaska rate of 1.11%. The median household earns $37,188 a year, so the median home costs 3.2 times the median income (3.8 times for Alaska). 85% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Larsen Bay at a glance
| Larsen Bay | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $117,500 | $352,900 | $332,700 |
| Median property tax paid per year | $1,400 | $3,901 | $3,119 |
| Property tax as a share of value | 1.19% | 1.11% | 0.94% |
| Median household income | $37,188 | $92,788 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 30% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 1984 | 1986 | 1980 |
| Vacant homes | 72.4% | 17.6% | 10.1% |
| Population | 145 | 735,706 | 334,922,499 |
What a typical home costs per month in Larsen Bay
At this week's average 30-year rate of 7.11%, buying the median Larsen Bay home of $117,500 with 20% down costs about $798 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $994, 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 $34,192 for the 20%-down payment. That payment is 26% of the median Larsen Bay household income of $37,188; at that income and 20% down, the 28% guideline points to a home of about $128,000.
| Down payment | $23,500 |
|---|---|
| Loan amount | $94,000 |
| Principal and interest | $632 |
| Property taxes (1.19% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $798 |
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| Down payment | $4,112 |
|---|---|
| Loan amount | $115,372 |
| Principal and interest | $776 |
| Property taxes (1.19% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $994 |
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Questions about home buying in Larsen Bay
What is the median home value in Larsen Bay?
About $117,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Larsen Bay?
Homeowners pay a median $1,400 a year, which is about 1.19% 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 Larsen Bay?
For the median home with 20% down at 7.11%, the payment is about $798 a month. Keeping that under 28% of gross income takes about $34,192 a year.
More about Larsen Bay
- Mortgage Refinance in Larsen Bay
- Debt Relief in Larsen Bay
- Home Equity Loans in Larsen Bay
- 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