The typical owner-occupied home in Kotlik is worth about $75,600, 79% below the Alaska median of $352,900 and 77% below the national median of $332,700. The median household earns $58,043 a year, so the median home costs 1.3 times the median income (3.8 times for Alaska). 62% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Kotlik at a glance
| Kotlik | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $75,600 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $58,043 | $92,788 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 11% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $388 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 21.6% | 21.0% |
| Median rent | $775 | $1,419 | $1,413 |
| Rent as a share of renters' income | 20.7% | 27.7% | 30.6% |
| Median year homes were built | 1984 | 1986 | 1980 |
| Vacant homes | 7.9% | 17.6% | 10.1% |
| Population | 976 | 735,706 | 334,922,499 |
What a typical home costs per month in Kotlik
At this week's average 30-year rate of 7.11%, buying the median Kotlik home of $75,600 with 20% down costs about $508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $634, 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 $21,756 for the 20%-down payment. That payment is 10% of the median Kotlik household income of $58,043; at that income and 20% down, the 28% guideline points to a home of about $202,000.
The median rent here is $775 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,120 |
|---|---|
| Loan amount | $60,480 |
| Principal and interest | $407 |
| Property taxes (1.10% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $508 |
Change the numbers in the calculator
| Down payment | $2,646 |
|---|---|
| Loan amount | $74,231 |
| Principal and interest | $499 |
| Property taxes (1.10% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $33 |
| Total per month | $634 |
Change the numbers in the calculator
Questions about home buying in Kotlik
What is the median home value in Kotlik?
About $75,600 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 Kotlik?
For the median home with 20% down at 7.11%, the payment is about $508 a month. Keeping that under 28% of gross income takes about $21,756 a year.
More about Kotlik
- Mortgage Refinance in Kotlik
- Debt Relief in Kotlik
- Home Equity Loans in Kotlik
- 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