Cost of Ownership · Alaska
The true cost of owning a home in Alaska
For a median $352,900 home in Alaska, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,576/mo
PITI + PMI
True monthly cost
$2,870/mo
everything, incl. upkeep
The gap
+$294/mo
what approval leaves out
Effective property-tax rate
1.11%
Avg. homeowners premium
$1,129/yr
NFIP flood claims on record
805
Closing costs in Alaska
Median closing costs and lender origination charges on real home-purchase loans in Alaska, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$7,651
Typically $4,460–$11,789
Median origination charges
$3,646
Typically $1,967–$5,560
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,460 | $7,651 | $11,789 | 5,981 |
| All | $4,438 | $7,568 | $11,624 | 5,629 |
| < $250k | $3,144 | $4,527 | $6,429 | 1,013 |
| < $250k | $3,224 | $4,794 | $6,963 | 1,191 |
| $250k–$500k | $5,064 | $8,446 | $11,846 | 3,749 |
| $250k–$500k | $5,208 | $8,370 | $12,130 | 3,598 |
| $500k–$750k | $5,606 | $10,417 | $16,689 | 709 |
| $500k–$750k | $5,013 | $10,190 | $16,082 | 1,013 |
| > $750k | $5,832 | $11,325 | $17,593 | 206 |
| > $750k | $6,233 | $11,832 | $18,269 | 131 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Alaska
- What are the median closing costs in Alaska?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Alaska are about $7,651, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Alaska?
- The effective property-tax rate in Alaska is about 1.11%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Alaska?
- A median $352,900 home in Alaska costs about $2,870 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,576. Every figure is from public data.
These figures use Alaska's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Alaska ranks on property tax and insurance, or browse every state.