The typical owner-occupied home in Trapper Creek is worth about $198,900, 44% below the Alaska median of $352,900 and 40% below the national median of $332,700. Owners pay a median $1,391 a year in property taxes, about 0.70% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $73,207 a year, so the median home costs 2.7 times the median income (3.8 times for Alaska). 90% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Trapper Creek at a glance
| Trapper Creek | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $198,900 | $352,900 | $332,700 |
| Median property tax paid per year | $1,391 | $3,901 | $3,119 |
| Property tax as a share of value | 0.70% | 1.11% | 0.94% |
| Median household income | $73,207 | $92,788 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 20% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,141 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 21.6% | 21.0% |
| Median rent | – | $1,419 | $1,413 |
| Rent as a share of renters' income | 27.1% | 27.7% | 30.6% |
| Median year homes were built | 1994 | 1986 | 1980 |
| Vacant homes | 65.7% | 17.6% | 10.1% |
| Population | 491 | 735,706 | 334,922,499 |
What a typical home costs per month in Trapper Creek
At this week's average 30-year rate of 7.11%, buying the median Trapper Creek home of $198,900 with 20% down costs about $1,269 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,601, 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 $54,399 for the 20%-down payment. That payment is 21% of the median Trapper Creek household income of $73,207; at that income and 20% down, the 28% guideline points to a home of about $268,000.
| Down payment | $39,780 |
|---|---|
| Loan amount | $159,120 |
| Principal and interest | $1,070 |
| Property taxes (0.70% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,269 |
Change the numbers in the calculator
| Down payment | $6,962 |
|---|---|
| Loan amount | $195,297 |
| Principal and interest | $1,314 |
| Property taxes (0.70% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,601 |
Change the numbers in the calculator
Questions about home buying in Trapper Creek
What is the median home value in Trapper Creek?
About $198,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Trapper Creek?
Homeowners pay a median $1,391 a year, which is about 0.70% 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 Trapper Creek?
For the median home with 20% down at 7.11%, the payment is about $1,269 a month. Keeping that under 28% of gross income takes about $54,399 a year.
More about Trapper Creek
- Mortgage Refinance in Trapper Creek
- Debt Relief in Trapper Creek
- Home Equity Loans in Trapper Creek
- 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