The typical owner-occupied home in Chevak is worth about $86,200, 76% below the Alaska median of $352,900 and 74% below the national median of $332,700. The median household earns $35,875 a year, so the median home costs 2.4 times the median income (3.8 times for Alaska). 65% of occupied homes here are lived in by their owners, and 4% of those owners still have a mortgage.
Chevak at a glance
| Chevak | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $86,200 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $35,875 | $92,788 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 4% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | $779 | $1,419 | $1,413 |
| Rent as a share of renters' income | 17.5% | 27.7% | 30.6% |
| Median year homes were built | 1998 | 1986 | 1980 |
| Vacant homes | 36.7% | 17.6% | 10.1% |
| Population | 494 | 735,706 | 334,922,499 |
What a typical home costs per month in Chevak
At this week's average 30-year rate of 7.11%, buying the median Chevak home of $86,200 with 20% down costs about $579 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $722, 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 $24,807 for the 20%-down payment. That payment is 19% of the median Chevak household income of $35,875; at that income and 20% down, the 28% guideline points to a home of about $125,000.
The median rent here is $779 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,240 |
|---|---|
| Loan amount | $68,960 |
| Principal and interest | $464 |
| Property taxes (1.10% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $579 |
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| Down payment | $3,017 |
|---|---|
| Loan amount | $84,639 |
| Principal and interest | $569 |
| Property taxes (1.10% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $722 |
Change the numbers in the calculator
Questions about home buying in Chevak
What is the median home value in Chevak?
About $86,200 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 Chevak?
For the median home with 20% down at 7.11%, the payment is about $579 a month. Keeping that under 28% of gross income takes about $24,807 a year.
More about Chevak
- Mortgage Refinance in Chevak
- Debt Relief in Chevak
- Home Equity Loans in Chevak
- 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