Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cordova, Alaska.
Median Home Price
$285K
Population
2K
Avg Monthly Rent
$1,220
Property Tax Rate
1.19% *
* Property tax shown is the Alaska state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Cordova.
Cordova vs Alaska Median
The median home price in Cordova is $285,000, which is 19% below the Alaska state median of $350,000.
Mortgage Calculator — Cordova, AK
Pre-filled with Cordova median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $285K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$2,269/mo
Down: $14,250
Loan: $271K
P&I: $1,711
Tax: $283
Insurance: $117
PMI: $158
10% Down
$2,170/mo
Down: $28,500
Loan: $257K
P&I: $1,621
Tax: $283
Insurance: $117
PMI: $150
20% Down (No PMI)
$1,840/mo
Down: $57,000
Loan: $228K
P&I: $1,441
Tax: $283
Insurance: $117
Income needed (28% rule): $79K/year with 20% down, $93K/year with 10% down.
Rent vs Buy in Cordova
Rent
$1,220/mo
vs
Buy (10% down)
$2,170/mo
Price-to-rent ratio: 19.5 — A ratio between 15-20 means the rent vs buy decision in Cordova depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Cordova is $285,000, 19% below the Alaska state median of $350,000. With a population of 2,248, Cordova is a smaller market where home prices tend to be more accessible than in many parts of Alaska.
Property taxes in Alaska average 1.19% annually. This moderate property tax rate means a $285,000 home in Cordova would carry roughly $283/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Cordova is $1,220/month. The price-to-rent ratio in Cordova is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cordova presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cordova.