The typical owner-occupied home in Matanuska-Susitna Borough is worth about $346,600, about the same as the Alaska median of $352,900 and 4% above the national median of $332,700. Owners pay a median $3,685 a year in property taxes, about 1.06% of their home's value, close to the Alaska rate of 1.11%. The median household earns $94,031 a year, so the median home costs 3.7 times the median income (3.8 times for Alaska). 77% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Matanuska-Susitna Borough at a glance
| Matanuska-Susitna Borough | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $346,600 | $352,900 | $332,700 |
| Median property tax paid per year | $3,685 | $3,901 | $3,119 |
| Property tax as a share of value | 1.06% | 1.11% | 0.94% |
| Median household income | $94,031 | $92,788 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 67% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,112 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 21.6% | 21.0% |
| Median rent | $1,299 | $1,419 | $1,413 |
| Rent as a share of renters' income | 31.2% | 27.7% | 30.6% |
| Median year homes were built | 1997 | 1986 | 1980 |
| Vacant homes | 22.1% | 17.6% | 10.1% |
| Population | 112,988 | 735,706 | 334,922,499 |
What a typical home costs per month in Matanuska-Susitna Borough
At this week's average 30-year rate of 7.11%, buying the median Matanuska-Susitna Borough home of $346,600 with 20% down costs about $2,316 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,893, 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 $99,251 for the 20%-down payment. That payment is 30% of the median Matanuska-Susitna Borough household income of $94,031; at that income and 20% down, the 28% guideline points to a home of about $328,000.
The median rent here is $1,299 a month, so owning the median home costs about $1,017 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,320 |
|---|---|
| Loan amount | $277,280 |
| Principal and interest | $1,865 |
| Property taxes (1.06% a year) | $306 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,316 |
Change the numbers in the calculator
| Down payment | $12,131 |
|---|---|
| Loan amount | $340,322 |
| Principal and interest | $2,289 |
| Property taxes (1.06% a year) | $306 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $2,893 |
Change the numbers in the calculator
Questions about home buying in Matanuska-Susitna Borough
What is the median home value in Matanuska-Susitna Borough?
About $346,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Matanuska-Susitna Borough?
Homeowners pay a median $3,685 a year, which is about 1.06% 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 Matanuska-Susitna Borough?
For the median home with 20% down at 7.11%, the payment is about $2,316 a month. Keeping that under 28% of gross income takes about $99,251 a year.
More about Matanuska-Susitna Borough
- Mortgage Refinance in Matanuska-Susitna Borough
- Debt Relief in Matanuska-Susitna Borough
- Home Equity Loans in Matanuska-Susitna Borough
- 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