The typical owner-occupied home in Sitka City and Borough is worth about $450,300, 28% above the Alaska median of $352,900 and 35% above the national median of $332,700. Owners pay a median $2,080 a year in property taxes, about 0.46% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $101,727 a year, so the median home costs 4.4 times the median income (3.8 times for Alaska). 62% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Sitka City and Borough at a glance
| Sitka City and Borough | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $450,300 | $352,900 | $332,700 |
| Median property tax paid per year | $2,080 | $3,901 | $3,119 |
| Property tax as a share of value | 0.46% | 1.11% | 0.94% |
| Median household income | $101,727 | $92,788 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 55% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,680 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 21.6% | 21.0% |
| Median rent | $1,341 | $1,419 | $1,413 |
| Rent as a share of renters' income | 28.7% | 27.7% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 17.3% | 17.6% | 10.1% |
| Population | 8,368 | 735,706 | 334,922,499 |
What a typical home costs per month in Sitka City and Borough
At this week's average 30-year rate of 7.11%, buying the median Sitka City and Borough home of $450,300 with 20% down costs about $2,784 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,534, 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 $119,297 for the 20%-down payment. That payment is 33% of the median Sitka City and Borough household income of $101,727; at that income and 20% down, the 28% guideline points to a home of about $384,000.
The median rent here is $1,341 a month, so owning the median home costs about $1,443 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,060 |
|---|---|
| Loan amount | $360,240 |
| Principal and interest | $2,423 |
| Property taxes (0.46% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| PMI | $0 |
| Total per month | $2,784 |
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| Down payment | $15,760 |
|---|---|
| Loan amount | $442,144 |
| Principal and interest | $2,974 |
| Property taxes (0.46% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| FHA mortgage insurance | $199 |
| Total per month | $3,534 |
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Questions about home buying in Sitka City and Borough
What is the median home value in Sitka City and Borough?
About $450,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sitka City and Borough?
Homeowners pay a median $2,080 a year, which is about 0.46% 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 Sitka City and Borough?
For the median home with 20% down at 7.11%, the payment is about $2,784 a month. Keeping that under 28% of gross income takes about $119,297 a year.
More about Sitka City and Borough
- Mortgage Refinance in Sitka City and Borough
- Debt Relief in Sitka City and Borough
- Home Equity Loans in Sitka City and 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