The typical owner-occupied home in Kaktovik is worth about $97,100, 72% below the Alaska median of $352,900 and 71% below the national median of $332,700. The median household earns $93,750 a year, so the median home costs 1.0 times the median income (3.8 times for Alaska). 81% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Kaktovik at a glance
| Kaktovik | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $97,100 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $93,750 | $92,788 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 19% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 1983 | 1986 | 1980 |
| Vacant homes | 20.0% | 17.6% | 10.1% |
| Population | 124 | 735,706 | 334,922,499 |
What a typical home costs per month in Kaktovik
At this week's average 30-year rate of 7.11%, buying the median Kaktovik home of $97,100 with 20% down costs about $652 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $814, 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 $27,944 for the 20%-down payment. That payment is 8% of the median Kaktovik household income of $93,750; at that income and 20% down, the 28% guideline points to a home of about $326,000.
| Down payment | $19,420 |
|---|---|
| Loan amount | $77,680 |
| Principal and interest | $523 |
| Property taxes (1.10% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $652 |
Change the numbers in the calculator
| Down payment | $3,398 |
|---|---|
| Loan amount | $95,341 |
| Principal and interest | $641 |
| Property taxes (1.10% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $814 |
Change the numbers in the calculator
Questions about home buying in Kaktovik
What is the median home value in Kaktovik?
About $97,100 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 Kaktovik?
For the median home with 20% down at 7.11%, the payment is about $652 a month. Keeping that under 28% of gross income takes about $27,944 a year.
More about Kaktovik
- Mortgage Refinance in Kaktovik
- Debt Relief in Kaktovik
- Home Equity Loans in Kaktovik
- 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