Mortgage on a $350K house in Alaska
$2,367 a month with 20% down — $1,884 principal and interest plus $308 property tax and $175 insurance.
Alaska's typical property tax is 1.06% of the home's value a year (U.S. average 0.9%), which adds $308 a month on a $350K home. The typical home in Alaska is worth $397,932, so $350K is 12% below the typical price.
$350K home in Alaska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $483 | $2,367 | $101,400 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $483 | $2,733 | $117,100 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $483 | $2,858 | $122,500 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $483 | $2,950 | $126,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Alaska does $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Kenai Peninsula Borough | $348,874 | 0.63% | $2,243 |
| Haines Borough | $332,342 | 0.83% | $2,302 |
| North Slope Borough | $318,810 | 1.06% | $2,367 |
| Wrangell Borough | $317,718 | 0.56% | $2,223 |
| Petersburg Borough | $383,220 | 0.6% | $2,234 |
| Fairbanks North Star Borough | $314,310 | 1.19% | $2,406 |
| Ketchikan Gateway Borough | $401,632 | 0.67% | $2,253 |
6 of 13 Alaska counties tracked by Zillow have a typical home value at or below $350K. See all Alaska home prices.
Other prices in Alaska
Frequently asked questions
What is the mortgage on a $350K house in Alaska?
About $2,367 a month with 20% down at 7.11%: $1,884 principal and interest, $308 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Alaska?
About $101,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Alaska?
At Alaska's typical effective rate of 1.06%, about $3,696 a year. Rates vary by county and city — see the county pages.