The typical owner-occupied home in Shishmaref is worth about $109,400, 69% below the Alaska median of $352,900 and 67% below the national median of $332,700. The median household earns $61,458 a year, so the median home costs 1.8 times the median income (3.8 times for Alaska). 76% of occupied homes here are lived in by their owners, and 23% of those owners still have a mortgage.
Shishmaref at a glance
| Shishmaref | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $109,400 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $61,458 | $92,788 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 23% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $910 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 21.6% | 21.0% |
| Median rent | $950 | $1,419 | $1,413 |
| Rent as a share of renters' income | 13.3% | 27.7% | 30.6% |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 12.6% | 17.6% | 10.1% |
| Population | 466 | 735,706 | 334,922,499 |
What a typical home costs per month in Shishmaref
At this week's average 30-year rate of 7.11%, buying the median Shishmaref home of $109,400 with 20% down costs about $735 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $917, 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 $31,484 for the 20%-down payment. That payment is 14% of the median Shishmaref household income of $61,458; at that income and 20% down, the 28% guideline points to a home of about $214,000.
The median rent here is $950 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,880 |
|---|---|
| Loan amount | $87,520 |
| Principal and interest | $589 |
| Property taxes (1.10% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $735 |
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| Down payment | $3,829 |
|---|---|
| Loan amount | $107,418 |
| Principal and interest | $723 |
| Property taxes (1.10% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $48 |
| Total per month | $917 |
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Questions about home buying in Shishmaref
What is the median home value in Shishmaref?
About $109,400 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 Shishmaref?
For the median home with 20% down at 7.11%, the payment is about $735 a month. Keeping that under 28% of gross income takes about $31,484 a year.
More about Shishmaref
- Mortgage Refinance in Shishmaref
- Debt Relief in Shishmaref
- Home Equity Loans in Shishmaref
- 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