2026 data · 1.12% property tax · Median home $318,200
Alaska Mortgage Calculator
A median-priced home in Alaska ($318,200) costs roughly $2,144 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Alaska's effective property tax rate is 1.12% — close to the US average of about 1.0%.
Alaska median-home monthly payment
$2,144/mo
P&I $1,694 · Tax $297 · Insurance $154
@ $318,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Alaska
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $187 | $97 | $1,348 |
| $300,000 | $60,000 | $1,597 | $280 | $145 | $2,022 |
| $318,200 (state median) | $63,640 | $1,694 | $297 | $154 | $2,144 |
| $400,000 | $80,000 | $2,129 | $373 | $193 | $2,696 |
| $500,000 | $100,000 | $2,661 | $467 | $242 | $3,370 |
| $750,000 | $150,000 | $3,992 | $700 | $363 | $5,054 |
Calculations use Alaska's 1.12% effective property tax rate, estimated homeowners insurance at 0.58%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Alaska property tax
Effective rate
1.12%
Median home value
$318,200
Median property tax
$3,680/yr
Alaska has no state property tax — all property tax is collected at the municipal level. Some municipalities (e.g., Anchorage) exempt the first $150,000 of value for owner-occupied homes. No state income tax means more after-tax dollars for the mortgage.
See our property tax calculator for a state-by-state property tax breakdown, and our Alaska paycheck calculator to estimate take-home pay against this monthly housing cost.
FAQs about Alaska mortgages
What is the property tax rate in Alaska?
Alaska's effective property tax rate is 1.12%, meaning the average homeowner pays roughly 1.12% of their home's value in property tax annually. On a $318,200 home (the state median), that's about $3,680 per year, or $307 per month added to your mortgage payment.
What is the average monthly mortgage payment in Alaska?
For a home at Alaska's median value of $318,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Alaska's 1.12% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,144. This includes $1,694 principal & interest, $297 property tax, and $154 homeowners insurance.
How much income do I need to buy a house in Alaska?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $91,886 to comfortably afford Alaska's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $59,833 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Alaska a good state to buy a house?
Alaska's combination of 1.12% property tax (near the national average of ~1.0%) and median home value of $318,200 place it in the mid-range of state housing markets nationally. Alaska has no state property tax — all property tax is collected at the municipal level.
How does Alaska property tax compare to neighboring states?
Alaska property tax rate is 1.12%. Compare with other states using our property tax calculator.
Does Alaska have a homestead exemption?
Alaska offers various property tax relief programs. Alaska has no state property tax — all property tax is collected at the municipal level. Some municipalities (e.g., Anchorage) exempt the first $150,000 of value for owner-occupied homes. No state income tax means more after-tax dollars for the mortgage. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Alaska mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,694, Property Tax $297, Homeowners Insurance $154. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.