Alaska · AK

Alaska Mortgage Calculator

Pre-filled for Alaska: median home price $360,000, average property tax rate 1.19%. Adjust any slider to make it yours.

No state income tax.

Alaska housing at a glance

Median home price: $360,000
Effective property tax rate: 1.19% / yr
Annual property tax (median home): $4,284
Est. monthly tax escrow: $357
State income tax: None

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Alaska

The median home price in Alaska is around $360,000 and the effective property tax rate averages 1.19%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

Because Alaska has no state income tax, your net take-home pay is higher than in comparable-income states — which directly increases how much mortgage you can qualify for under DTI limits.

A 20% down payment on the median home in Alaska is $72,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Non-recourse (purchase-money)

Alaska is a non-recourse state for purchase-money loans secured by a deed of trust — lenders generally can't pursue a deficiency judgment after a non-judicial sale.

Alaska mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Alaska?: At the current 30-year fixed rate of ~6.81%, a $360,000 home in Alaska with 20% down ($72,000) carries a principal-and-interest payment of ~$1,879/mo. Add property tax (~$357/mo at 1.19%) and homeowners insurance and your total is roughly $2,236/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Alaska?: The effective statewide property tax rate in Alaska averages 1.19% of assessed value per year. On a $360,000 home, that works out to roughly $4,284 per year ($357/mo). Individual county rates vary.
Does Alaska have a state income tax?: No, Alaska has no state income tax — no state income tax. This can significantly improve affordability compared to high-income-tax states.
What type of foreclosure does Alaska use?: Alaska uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes. Alaska is a non-recourse state for purchase-money loans secured by a deed of trust — lenders generally can't pursue a deficiency judgment after a non-judicial sale.

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