The typical owner-occupied home in Selawik is worth about $76,700, 78% below the Alaska median of $352,900 and 77% below the national median of $332,700. The median household earns $52,500 a year, so the median home costs 1.5 times the median income (3.8 times for Alaska). 66% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Selawik at a glance
| Selawik | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $76,700 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $52,500 | $92,788 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 0% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | $633 | $1,419 | $1,413 |
| Rent as a share of renters' income | 20.0% | 27.7% | 30.6% |
| Median year homes were built | 1988 | 1986 | 1980 |
| Vacant homes | 32.3% | 17.6% | 10.1% |
| Population | 412 | 735,706 | 334,922,499 |
What a typical home costs per month in Selawik
At this week's average 30-year rate of 7.11%, buying the median Selawik home of $76,700 with 20% down costs about $515 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $643, 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 $22,073 for the 20%-down payment. That payment is 12% of the median Selawik household income of $52,500; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $633 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,340 |
|---|---|
| Loan amount | $61,360 |
| Principal and interest | $413 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $515 |
Change the numbers in the calculator
| Down payment | $2,684 |
|---|---|
| Loan amount | $75,311 |
| Principal and interest | $507 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $643 |
Change the numbers in the calculator
Questions about home buying in Selawik
What is the median home value in Selawik?
About $76,700 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 Selawik?
For the median home with 20% down at 7.11%, the payment is about $515 a month. Keeping that under 28% of gross income takes about $22,073 a year.
More about Selawik
- Mortgage Refinance in Selawik
- Debt Relief in Selawik
- Home Equity Loans in Selawik
- 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