Mortgage payment estimates, closing cost breakdowns, and homebuying data for Seward, Alaska.
Median Home Price
$325K
Population
3K
Avg Monthly Rent
$1,280
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 Seward.
Seward vs Alaska Median
The median home price in Seward is $325,000, which is 7% below the Alaska state median of $350,000.
Mortgage Calculator — Seward, AK
Pre-filled with Seward median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $325K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$2,571/mo
Down: $16,250
Loan: $309K
P&I: $1,952
Tax: $322
Insurance: $117
PMI: $180
10% Down
$2,458/mo
Down: $32,500
Loan: $293K
P&I: $1,849
Tax: $322
Insurance: $117
PMI: $171
20% Down (No PMI)
$2,082/mo
Down: $65,000
Loan: $260K
P&I: $1,643
Tax: $322
Insurance: $117
Income needed (28% rule): $89K/year with 20% down, $105K/year with 10% down.
Rent vs Buy in Seward
Rent
$1,280/mo
vs
Buy (10% down)
$2,458/mo
Price-to-rent ratio: 21.2 — At a ratio above 20, renting may be more economical in Seward for shorter stays. Buying costs $1,178 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 Seward is $325,000, 7% below the Alaska state median of $350,000. With a population of 2,717, Seward 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 $325,000 home in Seward would carry roughly $322/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Seward is $1,280/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.
Seward presents moderate affordability. The $325K 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 Seward.