Estimated Monthly Payment — Median Alaska Home
$2,334
Based on $335,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$335,000
Property Tax
1.04%
Avg. HOA
$175/mo
Median Rent
$1,400/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the Alaska housing market
Alaska's housing market is moderately priced for the region, with a median home price around $335,000. Anchorage is the largest metro, with Fairbanks a close second. Alaska's permanent fund dividend offsets housing costs for residents, and there's no state income or sales tax — though heating and remote-location costs can add up. Alaska's effective property tax rate of 1.04% is near the national average.
The median Alaska home costs $335,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,729, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $2,334. First-time buyers in Alaska can explore programs through Alaska HFA.
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FAQ
Alaska mortgage FAQs
What's the property tax rate in Alaska?
Alaska's effective property tax rate averages about 1.04% — near the national average. On a $335,000 home, that's roughly $290/month or $3,484/year.
How much do I need to earn to afford a typical Alaska home?
Using the 28/36 rule, a buyer would need roughly $88,000–$112,000 in gross annual income to comfortably afford Alaska's $335,000 median home with 20% down at current rates.
What first-time buyer programs are available in Alaska?
AHFC offers the First Home Limited program for low-to-moderate income first-time buyers and the Closing Cost Assistance Program for veterans and rural buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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