The typical owner-occupied home in Point Lay is worth about $119,100, 66% below the Alaska median of $352,900 and 64% below the national median of $332,700. The median household earns $104,063 a year, so the median home costs 1.1 times the median income (3.8 times for Alaska). 46% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Point Lay at a glance
| Point Lay | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $119,100 | $352,900 | $332,700 |
| Median property tax paid per year | – | $3,901 | $3,119 |
| Median household income | $104,063 | $92,788 | $80,734 |
| Homes lived in by their owners | 46% | 67% | 65% |
| Owner homes with a mortgage | 24% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,229 | $1,963 |
| Median rent | $1,042 | $1,419 | $1,413 |
| Rent as a share of renters' income | 10.2% | 27.7% | 30.6% |
| Median year homes were built | 1987 | 1986 | 1980 |
| Vacant homes | 18.6% | 17.6% | 10.1% |
| Population | 390 | 735,706 | 334,922,499 |
How much equity Point Lay owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Point Lay home of $119,100, 80% is $95,280.
76% of Point Lay owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $95,280 to $101,235 |
|---|---|
| Owe $29,775 | $65,505 to $71,460 |
| Owe $59,550 | $35,730 to $41,685 |
| Owe $77,415 | $17,865 to $23,820 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans in Point Lay
What is the median home value in Point Lay?
About $119,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much can I borrow against my home in Point Lay?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $119,100, an 80% limit is $95,280 before subtracting your mortgage.
More about Point Lay
- Mortgage Refinance in Point Lay
- Home Buying in Point Lay
- Debt Relief in Point Lay
- 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