Mortgage for Alaska (2026)
Alaska (AK) Key Facts
Median Home Price
$370,000
Average Property Tax Rate
1.19%
Average Home Insurance Rate
0.65%
Estimated Monthly Payment
$2,727
First Time Buyer Programs
2
How This Calculator Works in Alaska
This mortgage calculator lets you estimate your monthly payment on a Alaska home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with Alaska's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
Alaska Overview
Alaska has a median home price of approximately $330K, with an average property tax rate of 1.19% and homeowners insurance averaging 0.65% annually. Higher construction costs. AHFC First Home and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates.
How Alaska Compares
Compared to neighboring states, Alaska's median home price of $370,000 is below the national median of about $420,000. Nearby Washington has a median price of $570,000 with a 1.03% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| Washington | $570,000 | Median home price is $570,000 with a 1.03% property tax rate. Estimated monthly mortgage payment is about $4,054. |
| Hawaii | $850,000 | Median home price is $850,000 with a 0.28% property tax rate. Estimated monthly mortgage payment is about $5,373. |
| Oregon | $480,000 | Median home price is $480,000 with a 0.97% property tax rate. Estimated monthly mortgage payment is about $3,310. |
The median home price in Alaska is $370,000, compared to the national median of approximately $420,000. With a 1.19% average property tax rate and 0.65% insurance rate, Alaska homeowners can expect an estimated monthly payment of about $2,727 on a median-priced home with 10% down at 6.75% interest.
Tips for Alaska Residents
- 1Alaska has a median home price around $330K. Higher construction costs. Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in Alaska average 1.19%. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore AHFC First Home & Closing Cost Assistance for potential down payment assistance and favorable rates. Alaska also offers AHFC Tax Credit Program. Check income limits and eligibility early in your home search.
- 4Remote locations may have higher insurance and maintenance costs. Budget 2-5% of the purchase price for closing costs including lender fees, title insurance, and prepaid expenses.
- 5No state income or sales tax. A 0.25% rate difference on a $370K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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