Alaska mortgage calculator
Estimate your monthly payment for a home in Alaska, with property tax at the state average of 1.11% and home insurance included. Rates use the 7.4% national 30-year average from Freddie Mac (week of October 8, 2026).
Estimated monthly payment
- Loan amount
- $282,320
- Down payment
- $70,580
- Interest over 30 years
- $421,382
- Income needed (28% guideline)
- $102,807 a year
Estimate only. Mortgage insurance (PMI) is added when the down payment is under 20%. Real taxes, insurance and lender fees vary by property.
How this is calculated. Principal and interest use the standard fixed-rate loan formula. Property tax uses the Alaska average effective rate: the median real estate tax paid divided by the median home value. Home insurance is a general estimate that you can change.
Sources: Freddie Mac mortgage rate survey, week of October 8, 2026; U.S. Census Bureau American Community Survey, 2020–2024. Updated October 2026. Full methodology.
What a typical home costs per month in Alaska
A home valued at the Alaska median of $352,900 (the Census Bureau's figure for owner-occupied homes), bought with 20% down at 7.4% over 30 years, comes to about $2,399 a month. That is $1,955 in principal and interest, $326 in property tax and $118 in insurance.
Over a year that is 31.0% of the state's median household income of $92,788. Keeping housing costs near 28% of gross income would take a household income of about $102,807.
Property tax in Alaska
Alaska has the 16th highest effective property tax rate of the 50 states at 1.11%, above the typical state rate of 0.80%. The median Alaska homeowner pays $3,901 a year.
| Home price | Tax per year | Tax per month |
|---|---|---|
| $200,000 | $2,211 | $184 |
| $300,000 | $3,316 | $276 |
| $400,000 | $4,422 | $368 |
| $500,000 | $5,527 | $461 |
| $750,000 | $8,291 | $691 |
These figures apply the statewide average rate. Rates differ between counties and taxing districts, and some homes qualify for exemptions.
States with similar property tax rates
- Kansas1.29% (13th highest)
- Michigan1.25% (14th highest)
- Rhode Island1.21% (15th highest)
- Massachusetts1.07% (17th highest)
- South Dakota1.06% (18th highest)
- Maine1.02% (19th highest)
Questions about Alaska mortgage payments
What is the property tax rate in Alaska?
The average effective property tax rate in Alaska is 1.11%. Census Bureau data shows homeowners paid a median of $3,901 a year on homes with a median value of $352,900. Your own rate depends on your county, city and school district.
How much is the monthly mortgage payment on a median-value home in Alaska?
About $2,399 a month including property tax and insurance, assuming 20% down at 7.4% on a 30-year loan. Principal and interest alone come to $1,955.
How much income do I need to buy a home in Alaska?
A common guideline keeps housing costs under 28% of gross income. For the median-value home above, that works out to about $102,807 a year. Lenders also look at debts, credit score and savings, so your own number may differ.
Does this calculator include property tax and insurance?
Yes. It adds property tax at 1.11% of the home price and home insurance at 0.4% of the home price as a starting estimate. Change either number to match a real quote. Mortgage insurance is added automatically when the down payment is under 20%.
Last updated October 2026. See the methodology for sources and limits.