The typical owner-occupied home in Pedro Bay is worth about $441,700, 25% above the Alaska median of $352,900 and 33% above the national median of $332,700. The median household earns $104,063 a year, so the median home costs 4.2 times the median income (3.8 times for Alaska). 100% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Pedro Bay at a glance
| Pedro Bay | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $441,700 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $104,063 | $92,788 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 31% | 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 | 61.8% | 17.6% | 10.1% |
| Population | 14 | 735,706 | 334,922,499 |
What a typical home costs per month in Pedro Bay
At this week's average 30-year rate of 7.11%, buying the median Pedro Bay home of $441,700 with 20% down costs about $2,966 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,702, 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 $127,115 for the 20%-down payment. That payment is 34% of the median Pedro Bay household income of $104,063; at that income and 20% down, the 28% guideline points to a home of about $362,000.
| Down payment | $88,340 |
|---|---|
| Loan amount | $353,360 |
| Principal and interest | $2,377 |
| Property taxes (1.10% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| PMI | $0 |
| Total per month | $2,966 |
Change the numbers in the calculator
| Down payment | $15,460 |
|---|---|
| Loan amount | $433,700 |
| Principal and interest | $2,918 |
| Property taxes (1.10% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| FHA mortgage insurance | $195 |
| Total per month | $3,702 |
Change the numbers in the calculator
Questions about home buying in Pedro Bay
What is the median home value in Pedro Bay?
About $441,700 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 Pedro Bay?
For the median home with 20% down at 7.11%, the payment is about $2,966 a month. Keeping that under 28% of gross income takes about $127,115 a year.
More about Pedro Bay
- Mortgage Refinance in Pedro Bay
- Debt Relief in Pedro Bay
- Home Equity Loans in Pedro 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