Mortgage payment estimates, closing cost breakdowns, and homebuying data for Kodiak, Alaska.
Median Home Price
$365K
Population
6K
Avg Monthly Rent
$1,400
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 Kodiak.
Kodiak vs Alaska Median
The median home price in Kodiak is $365,000, which is roughly in line with the Alaska state median of $350,000.
Mortgage Calculator — Kodiak, AK
Pre-filled with Kodiak median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$2,873/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $362
Insurance: $117
PMI: $202
10% Down
$2,747/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $362
Insurance: $117
PMI: $192
20% Down (No PMI)
$2,324/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $362
Insurance: $117
Income needed (28% rule): $100K/year with 20% down, $118K/year with 10% down.
Rent vs Buy in Kodiak
Rent
$1,400/mo
vs
Buy (10% down)
$2,747/mo
Price-to-rent ratio: 21.7 — At a ratio above 20, renting may be more economical in Kodiak for shorter stays. Buying costs $1,347 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 Kodiak is $365,000, roughly in line with the Alaska state median of $350,000. With a population of 5,983, Kodiak 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 $365,000 home in Kodiak would carry roughly $362/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Kodiak is $1,400/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.
Kodiak presents moderate affordability. The $365K 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 Kodiak.