Buying in Alaska: what the numbers look like
Alaska sits mid-pack for property taxes — 1.07% average effective rate (16th of 50, national average ≈ 0.94%), which works out to about $3,852 a year on the typical $360,000 home. On the insurance side, Alaska homeowners average about $1,300 a year — a bargain at 52% below the 50-state average.
Put together at an illustrative 6.5% rate (30-year, 20% down), the typical Alaska purchase pencils out near $2,250/month: $1,820 principal & interest + $321 tax + $108 insurance. That's the number the calculator above starts from — swap in your real price, rate quote, and county figures to make it yours.
Property taxes & closing costs in Alaska
Only about half of Alaska's boroughs levy property taxes — rates vary enormously by borough.
Transfer tax: No state transfer tax on real estate deeds. Closing costs also include lender, title, and recording fees — typically 2–5% of the price all-in.
Alaska at a glance
| Typical home value (Zillow, 2025) | $360,000 (23rd highest) |
| Avg. effective property tax (2023) | 1.07% ≈ $321/mo |
| Avg. home insurance (2025) | $1,300/yr ≈ $108/mo |
| Example payment (typical home, 6.5%, 20% down) | $2,250/mo |
Frequently asked questions
How much is the mortgage payment on a typical Alaska home?
The typical Alaska home runs about $360,000 (Zillow, 2025). With 20% down ($72,000) on a 30-year loan at an illustrative 6.5% rate, the full monthly payment is roughly $2,250 — $1,820 principal & interest, $321 property tax, and $108 insurance. Adjust every input above to match your own price and quote.
What is the property tax rate in Alaska?
Alaska's average effective rate is 1.07% of home value — the 16th highest in the nation (Tax Foundation, 2023 data). On the typical $360,000 home that is about $3,852 per year. Only about half of Alaska's boroughs levy property taxes — rates vary enormously by borough.
How much is homeowners insurance in Alaska?
Roughly $1,300 per year on average for $300k of dwelling coverage (Bankrate, 2025) — below the 50-state average of $2,682. Your premium depends on the home’s age, construction, claims history, and coverage limits, so quote several insurers.
Nearby states & more tools
Compare: Washington mortgage calculator · Oregon mortgage calculator · Idaho mortgage calculator · Hawaii mortgage calculator — or see all 50 states compared.
Not sure of your price range? Start with the home affordability calculator, then fine-tune here. The full mortgage calculator has extra payments and PMI controls too.
Data & sources: Property tax — Effective property tax rate on owner-occupied housing, calendar year 2023 (Tax Foundation analysis of Census ACS data, published 2025). Home value — Typical home value, Zillow Home Value Index (ZHVI), 2025, rounded to the nearest $5,000. Insurance — Average annual homeowners insurance premium for $300k dwelling coverage (Bankrate/Quadrant 2025), rounded to the nearest $50. State-level figures are planning defaults, not quotes: property taxes vary by county and city, insurance varies by home and insurer, and home values move monthly. Every value prefills the calculator but remains editable. The 6.5% rate is illustrative, not an offer or a prediction — always enter a real quote.
Disclaimer: Educational purposes only — not financial advice. See our Terms of Use.