The typical owner-occupied home in Tok is worth about $224,600, 36% below the Alaska median of $352,900 and 32% below the national median of $332,700. The median household earns $64,063 a year, so the median home costs 3.5 times the median income (3.8 times for Alaska). 73% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Tok at a glance
| Tok | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $224,600 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $64,063 | $92,788 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 32% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,213 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 36.4% | 21.6% | 21.0% |
| Median rent | $1,177 | $1,419 | $1,413 |
| Rent as a share of renters' income | 14.5% | 27.7% | 30.6% |
| Median year homes were built | 1990 | 1986 | 1980 |
| Vacant homes | 23.2% | 17.6% | 10.1% |
| Population | 1,649 | 735,706 | 334,922,499 |
What a typical home costs per month in Tok
At this week's average 30-year rate of 7.11%, buying the median Tok home of $224,600 with 20% down costs about $1,508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,882, 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 $64,637 for the 20%-down payment. That payment is 28% of the median Tok household income of $64,063; at that income and 20% down, the 28% guideline points to a home of about $223,000.
The median rent here is $1,177 a month, so owning the median home costs about $331 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,920 |
|---|---|
| Loan amount | $179,680 |
| Principal and interest | $1,209 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,508 |
Change the numbers in the calculator
| Down payment | $7,861 |
|---|---|
| Loan amount | $220,532 |
| Principal and interest | $1,484 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $99 |
| Total per month | $1,882 |
Change the numbers in the calculator
Questions about home buying in Tok
What is the median home value in Tok?
About $224,600 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 Tok?
For the median home with 20% down at 7.11%, the payment is about $1,508 a month. Keeping that under 28% of gross income takes about $64,637 a year.
More about Tok
- Mortgage Refinance in Tok
- Debt Relief in Tok
- Home Equity Loans in Tok
- 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