The typical owner-occupied home in Willow is worth about $313,800, 11% below the Alaska median of $352,900 and 6% below the national median of $332,700. Owners pay a median $3,210 a year in property taxes, about 1.02% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $89,000 a year, so the median home costs 3.5 times the median income (3.8 times for Alaska). 95% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Willow at a glance
| Willow | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $313,800 | $352,900 | $332,700 |
| Median property tax paid per year | $3,210 | $3,901 | $3,119 |
| Property tax as a share of value | 1.02% | 1.11% | 0.94% |
| Median household income | $89,000 | $92,788 | $80,734 |
| Homes lived in by their owners | 95% | 67% | 65% |
| Owner homes with a mortgage | 61% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,757 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 21.6% | 21.0% |
| Median rent | $1,375 | $1,419 | $1,413 |
| Rent as a share of renters' income | 24.8% | 27.7% | 30.6% |
| Median year homes were built | 1994 | 1986 | 1980 |
| Vacant homes | 60.0% | 17.6% | 10.1% |
| Population | 1,815 | 735,706 | 334,922,499 |
What a typical home costs per month in Willow
At this week's average 30-year rate of 7.11%, buying the median Willow home of $313,800 with 20% down costs about $2,086 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,609, 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 $89,410 for the 20%-down payment. That payment is 28% of the median Willow household income of $89,000; at that income and 20% down, the 28% guideline points to a home of about $312,000.
The median rent here is $1,375 a month, so owning the median home costs about $711 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,760 |
|---|---|
| Loan amount | $251,040 |
| Principal and interest | $1,689 |
| Property taxes (1.02% a year) | $267 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,086 |
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| Down payment | $10,983 |
|---|---|
| Loan amount | $308,116 |
| Principal and interest | $2,073 |
| Property taxes (1.02% a year) | $267 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,609 |
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Questions about home buying in Willow
What is the median home value in Willow?
About $313,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Willow?
Homeowners pay a median $3,210 a year, which is about 1.02% 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 Willow?
For the median home with 20% down at 7.11%, the payment is about $2,086 a month. Keeping that under 28% of gross income takes about $89,410 a year.
More about Willow
- Mortgage Refinance in Willow
- Debt Relief in Willow
- Home Equity Loans in Willow
- 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