The typical owner-occupied home in Tanacross is worth about $85,000, 76% below the Alaska median of $352,900 and 74% below the national median of $332,700. The median household earns $53,125 a year, so the median home costs 1.6 times the median income (3.8 times for Alaska). 36% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Tanacross at a glance
| Tanacross | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $85,000 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $53,125 | $92,788 | $80,734 |
| Homes lived in by their owners | 36% | 67% | 65% |
| Owner homes with a mortgage | 17% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | $528 | $1,419 | $1,413 |
| Rent as a share of renters' income | 25.8% | 27.7% | 30.6% |
| Median year homes were built | 1983 | 1986 | 1980 |
| Vacant homes | 19.4% | 17.6% | 10.1% |
| Population | 155 | 735,706 | 334,922,499 |
What a typical home costs per month in Tanacross
At this week's average 30-year rate of 7.11%, buying the median Tanacross home of $85,000 with 20% down costs about $571 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $712, 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 $24,462 for the 20%-down payment. That payment is 13% of the median Tanacross household income of $53,125; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $528 a month, so owning the median home costs about $43 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,000 |
|---|---|
| Loan amount | $68,000 |
| Principal and interest | $457 |
| Property taxes (1.10% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $571 |
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| Down payment | $2,975 |
|---|---|
| Loan amount | $83,460 |
| Principal and interest | $561 |
| Property taxes (1.10% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $38 |
| Total per month | $712 |
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Questions about home buying in Tanacross
What is the median home value in Tanacross?
About $85,000 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 Tanacross?
For the median home with 20% down at 7.11%, the payment is about $571 a month. Keeping that under 28% of gross income takes about $24,462 a year.
More about Tanacross
- Mortgage Refinance in Tanacross
- Debt Relief in Tanacross
- Home Equity Loans in Tanacross
- 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