Calculate Your Alaska Mortgage Payment
Our calculator is pre-filled with Alaska's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with AK DefaultsMonthly Payment Breakdown for Alaska
Here's what your monthly payment looks like on the median Alaska home ($365,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($73,000), no PMI. With less than 20% down, add $122-$243/month for PMI.
Alaska Property Taxes
Alaska's effective property tax rate is 1.04%, which is above the national average of 0.89%.
Annual Property Tax on $365,000 Home
$3,796
($316/month escrowed)
No State Income Tax
Alaska has no state income tax, which can offset higher property taxes and leave more money for your mortgage payment.
Buying a Home in Alaska: Key Facts
- No state income tax and residents receive annual Permanent Fund Dividend
- Property tax rate of 1.04% is above the national average
- Higher construction and heating costs affect housing expenses
- AHFC provides financing for energy-efficient home improvements
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Alaska First-Time Homebuyer Programs
Alaska has 15 homebuyer assistance programs that can help with down payment and closing costs.
AHFC First-Time Homebuyer Program
Up to $15,000 in down payment and closing cost assistance
Deferred LoanAHFC Veterans Mortgage Program
Reduced interest rates for eligible veterans
Low-Interest MortgageAHFC Energy Efficiency Interest Rate Reduction
Up to 1.5% rate reduction for energy-efficient homes
Interest Rate ReductionEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Alaska
Home prices and property taxes can vary significantly by city. The median home price of $365,000 is a statewide average.
Alaska Mortgage FAQ
What is the property tax rate in Alaska?
The average effective property tax rate in Alaska is 1.04%. On a $365,000 home, that's approximately $3,796 per year or $316 per month added to your mortgage payment.
What is the median home price in Alaska?
The median home price in Alaska is $365,000 as of January 2026. Prices vary by location - Anchorage and Fairbanks typically have higher prices than rural areas.
Are there first-time homebuyer programs in Alaska?
Yes, Alaska has 15 homebuyer assistance programs. Popular options include AHFC First-Time Homebuyer Program, which offers up to $15,000 in down payment and closing cost assistance.
How much do I need to buy a house in Alaska?
For the median Alaska home ($365,000), you'd need $73,000 for a 20% down payment, plus $10,950-$18,250 for closing costs. With down payment assistance, you could potentially buy with as little as $12,775 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Alaska property taxes pre-filled.
Calculate Your AK Mortgage Payment