Mortgage Calculator & Closing Costs: Ketchikan, AK
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ketchikan, Alaska.
Median Home Price
$355K
Population
8K
Avg Monthly Rent
$1,350
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 Ketchikan.
Ketchikan vs Alaska Median
The median home price in Ketchikan is $355,000, which is roughly in line with the Alaska state median of $350,000.
Mortgage Calculator — Ketchikan, AK
Pre-filled with Ketchikan median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $355K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$2,797/mo
Down: $17,750
Loan: $337K
P&I: $2,132
Tax: $352
Insurance: $117
PMI: $197
10% Down
$2,675/mo
Down: $35,500
Loan: $320K
P&I: $2,019
Tax: $352
Insurance: $117
PMI: $186
20% Down (No PMI)
$2,264/mo
Down: $71,000
Loan: $284K
P&I: $1,795
Tax: $352
Insurance: $117
Income needed (28% rule): $97K/year with 20% down, $115K/year with 10% down.
Rent vs Buy in Ketchikan
Rent
$1,350/mo
vs
Buy (10% down)
$2,675/mo
Price-to-rent ratio: 21.9 — At a ratio above 20, renting may be more economical in Ketchikan for shorter stays. Buying costs $1,325 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Ketchikan is $355,000, roughly in line with the Alaska state median of $350,000. With a population of 8,192, Ketchikan is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Alaska average 1.19% annually. This moderate property tax rate means a $355,000 home in Ketchikan would carry roughly $352/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Ketchikan is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Ketchikan presents moderate affordability. The $355K 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 Ketchikan.