Alaska home prices and mortgage costs
Typical home value $397,932 · +5.3% in a year · property tax 1.06%
Alaska ranks 22nd most expensive of 51 states and D.C. Home values changed +5.3% over the past year and +16.7% over five years. Buying the typical home with 20% down costs about $2,691 a month at 7.11%, which needs a household income of about $115,300.
Cost of the typical Alaska home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $79,586 | $318,345 | $2,142 | $0 | $549 | $2,691 | $115,300 |
| 10% down | $39,793 | $358,138 | $2,409 | $149 | $549 | $3,108 | $133,200 |
| 5% down | $19,897 | $378,035 | $2,543 | $158 | $549 | $3,250 | $139,300 |
| 3.5% down (FHA) | $13,928 | $390,724 | $2,628 | $176 | $549 | $3,354 | $143,700 |
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.
Check a specific budget: how much house you can afford in Alaska by salary · payment on a $400K home in Alaska
Home prices by county in Alaska
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Sitka Borough | $481,818 | -5.4% | 0.46% | $3,019 | $129,400 |
| Juneau Borough | $473,329 | +4.5% | 0.95% | $3,157 | $135,300 |
| Anchorage Borough | $435,264 | +5.4% | 1.26% | $3,017 | $129,300 |
| Matanuska Susitna Borough | $408,655 | +6.3% | 1.06% | $2,766 | $118,500 |
| Kodiak Island Borough | $403,388 | +3.1% | 0.87% | $2,664 | $114,200 |
| Ketchikan Gateway Borough | $401,632 | +5.2% | 0.67% | $2,585 | $110,800 |
| Petersburg Borough | $383,220 | +12.9% | 0.6% | $2,446 | $104,800 |
| Kenai Peninsula Borough | $348,874 | +6.6% | 0.63% | $2,236 | $95,800 |
| Haines Borough | $332,342 | +1.6% | 0.83% | $2,186 | $93,700 |
| North Slope Borough | $318,810 | +7.8% | 1.06% | $2,156 | $92,400 |
| Wrangell Borough | $317,718 | +10.3% | 0.56% | $2,018 | $86,500 |
| Fairbanks North Star Borough | $314,310 | +5.4% | 1.19% | $2,160 | $92,600 |
| Southeast Fairbanks Borough | $292,991 | -5.3% | 1.19% | $2,013 | $86,300 |
Metro areas in Alaska
Frequently asked questions
What is the average home price in Alaska?
The typical home in Alaska is worth $397,932 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Alaska?
About $115,300 a year to buy the typical $397,932 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Alaska?
The typical effective rate is 1.06% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).