Alaska variant. This is a Alaska-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $365,000 and an effective property tax rate of 1.04%, a typical Alaska mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Alaska mortgage payment
On the $365,000 median home with 20% down ($73,000), you'd finance about $292,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,846/month.
Alaska's 1.04% effective property tax adds about $316/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Alaska
Alaska levies no state income tax and no statewide sales tax, relying heavily on oil and natural resource revenue.
Property taxes are levied only by local boroughs and municipalities, so many remote areas of Alaska have no property tax at all.
Alaska's economy is anchored by oil, fishing, and tourism, and residents receive an annual Permanent Fund Dividend from oil revenue investments.
Worked example: $365,000 home in Alaska
Price $365,000, 20% down ($73,000), loan $292,000 at 6.5% for 30 years → P&I ≈ $1,846/mo. Add property tax ≈ $316/mo (1.04% of value ÷ 12). Total before insurance ≈ $2,162/mo.
Quick reference
- State income tax: No state income tax
- State sales tax: 0% (plus 1.82% avg local)
- Median home value: $365,000
- Median household income: $89,336
- Effective property tax rate: 1.04%
- Avg auto insurance: $1,265/yr
Frequently Asked Questions
How much is a mortgage on a $365,000 Alaska home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,846/month, before Alaska's 1.04% property tax and insurance.
What is the property tax rate in Alaska?
Alaska's effective property tax rate is about 1.04% of home value per year.