Home Affordability for Alaska (2026)
Alaska (AK) Key Facts
Median Home Price
$370,000
Median Household Income
$77,000
Affordability Index
416
Price to Income Ratio
4.8
Max Affordable Payment (28% Rule)
$1,797
How This Calculator Works in Alaska
This home affordability calculator estimates how much house you can afford in Alaska based on your income, debts, down payment, and current interest rates. It accounts for Alaska's property tax rate and insurance costs to give you a realistic maximum home price. Enter your financial details to see whether the median-priced home in Alaska is within your reach.
Alaska Overview
Alaska has a median home price of approximately $370,000 and a median household income of $77,000, yielding a price-to-income ratio of 4.8. Because Alaska has no state income tax, residents keep more of their gross pay, effectively stretching their housing budgets further than in income-tax states. Property taxes average 1.19%, which meaningfully impacts monthly housing costs.
How Alaska Compares
Alaska's price-to-income ratio of 4.8 is below the national average of roughly 5.5. Nearby Washington has a median price of $570,000 and median income of $82,000, yielding a ratio of 7.0. Differences in property taxes and insurance costs between states further shift the true cost of homeownership.
| State | Top Rate | Notes |
|---|---|---|
| Washington | $570,000 | Median home price is $570,000 with a median household income of approximately $82,000. The price-to-income ratio is 7.0. |
| Hawaii | $850,000 | Median home price is $850,000 with a median household income of approximately $84,000. The price-to-income ratio is 10.1. |
| Oregon | $480,000 | Median home price is $480,000 with a median household income of approximately $70,000. The price-to-income ratio is 6.9. |
With a median home price of $370,000 and a median household income of $77,000, Alaska has a price-to-income ratio of 4.8. The national average price-to-income ratio is approximately 5.5. Alaska is more affordable than the national average.
Tips for Alaska Residents
- 1The median household income in Alaska is $77,000. Under the 28% rule, this supports a maximum monthly housing payment of about $1,797, including principal, interest, taxes, and insurance.
- 2Alaska's price-to-income ratio of 4.8 means the typical home costs 4.8 times the annual median income. This is moderate compared to the national average of roughly 5.5.
- 3Because Alaska has no state income tax, residents keep more of their gross pay, effectively stretching their housing budgets further than in income-tax states.
- 4Property taxes in Alaska average 1.19%, which adds $367 per month to your housing cost on the median home. Don't overlook this when calculating affordability.
- 5Look into Alaska's first-time homebuyer assistance programs, which may include down payment grants, low-interest second mortgages, or mortgage credit certificates (MCCs) that provide a federal tax credit on mortgage interest.