How Much House Can I Afford in Alaska?
Find out how much house you can afford in Alaska with 1.19% property tax. Uses 28/36 rule with Alaska-specific data.
How This Calculator Works
Calculation methodology and assumptions
Calculates home affordability in Alaska using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Alaska's effective property tax rate of 1.19% and average home insurance of $1,350/year. Median home price in Alaska: $330,000.
Key State Information
Alaska housing market: Median home price $330,000 | Property tax rate 1.19% | Avg home insurance $1,350/yr | Median household income $77,790. Home prices are moderate relative to income.
Frequently Asked Questions
How much house can I afford on the median income in Alaska?
With Alaska's median household income of $77,790 and a 10% down payment, you can typically afford a home priced around $272,265-$350,055 depending on debts and interest rates. The median home in Alaska costs $330,000.
What is the property tax rate in Alaska?
Alaska's effective property tax rate is 1.19%. On a $330,000 home, that's approximately $3,927/year or $327/month.
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