The typical owner-occupied home in Northwest Arctic Borough is worth about $199,100, 44% below the Alaska median of $352,900 and 40% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.10% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $84,018 a year, so the median home costs 2.4 times the median income (3.8 times for Alaska). 64% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Northwest Arctic Borough at a glance
| Northwest Arctic Borough | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $199,100 | $352,900 | $332,700 |
| Median property tax paid per year | $199 | $3,901 | $3,119 |
| Property tax as a share of value | 0.10% | 1.11% | 0.94% |
| Median household income | $84,018 | $92,788 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 28% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,525 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 21.6% | 21.0% |
| Median rent | $1,350 | $1,419 | $1,413 |
| Rent as a share of renters' income | 18.2% | 27.7% | 30.6% |
| Median year homes were built | 1987 | 1986 | 1980 |
| Vacant homes | 33.5% | 17.6% | 10.1% |
| Population | 7,441 | 735,706 | 334,922,499 |
What a typical home costs per month in Northwest Arctic Borough
At this week's average 30-year rate of 7.11%, buying the median Northwest Arctic Borough home of $199,100 with 20% down costs about $1,171 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,503, 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 $50,187 for the 20%-down payment. That payment is 17% of the median Northwest Arctic Borough household income of $84,018; at that income and 20% down, the 28% guideline points to a home of about $333,000.
The median rent here is $1,350 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $39,820 |
|---|---|
| Loan amount | $159,280 |
| Principal and interest | $1,071 |
| Property taxes (0.10% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,171 |
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| Down payment | $6,968 |
|---|---|
| Loan amount | $195,494 |
| Principal and interest | $1,315 |
| Property taxes (0.10% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,503 |
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Questions about home buying in Northwest Arctic Borough
What is the median home value in Northwest Arctic Borough?
About $199,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Northwest Arctic Borough?
Homeowners pay a median $199 a year, which is about 0.10% 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 Northwest Arctic Borough?
For the median home with 20% down at 7.11%, the payment is about $1,171 a month. Keeping that under 28% of gross income takes about $50,187 a year.
More about Northwest Arctic Borough
- Mortgage Refinance in Northwest Arctic Borough
- Debt Relief in Northwest Arctic Borough
- Home Equity Loans in Northwest Arctic 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