Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sitka, Alaska.
Median Home Price
$390K
Population
8K
Avg Monthly Rent
$1,420
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 Sitka.
Sitka vs Alaska Median
The median home price in Sitka is $390,000, which is 11% above the Alaska state median of $350,000.
Mortgage Calculator — Sitka, AK
Pre-filled with Sitka median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $390K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$3,061/mo
Down: $19,500
Loan: $371K
P&I: $2,342
Tax: $387
Insurance: $117
PMI: $216
10% Down
$2,927/mo
Down: $39,000
Loan: $351K
P&I: $2,219
Tax: $387
Insurance: $117
PMI: $205
20% Down (No PMI)
$2,475/mo
Down: $78,000
Loan: $312K
P&I: $1,972
Tax: $387
Insurance: $117
Income needed (28% rule): $106K/year with 20% down, $125K/year with 10% down.
Rent vs Buy in Sitka
Rent
$1,420/mo
vs
Buy (10% down)
$2,927/mo
Price-to-rent ratio: 22.9 — At a ratio above 20, renting may be more economical in Sitka for shorter stays. Buying costs $1,507 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 Sitka is $390,000, 11% above the Alaska state median of $350,000. With a population of 8,458, Sitka 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 $390,000 home in Sitka would carry roughly $387/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Sitka is $1,420/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.
Sitka presents moderate affordability. The $390K 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 Sitka.