Total monthly cost of ownership
Cost to Own a Home in Chena Ridge, Alaska
A $412,000 home here costs
$3,290per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,118. The real number is $1,172 higher every month — 55% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chena Ridge against Fairbanks North Star Borough and Alaska
| Measure | Chena Ridge | Fairbanks North Star Borough |
|---|---|---|
| Median home value | $411,600 | $282,500 |
| Median property tax | $4,757 | $3,570 |
| Effective tax rate | 1.156% | 1.264% |
| Median gross rent | $1,148 | $1,424 |
| Population | 5,927 | 95,555 |
The weather behind that power bill
Chena Ridge sits in Fairbanks North Star Borough, which averages a high of 71.6°F in its hottest month and a low of -17.6°F in its coldest, with 12.88" of precipitation a year and 57% of it in a single three-month stretch. That climate drives 34 cooling and 13,878 heating degree days, which is what sets the $254 electricity line above.
See the full climate breakdown for Fairbanks North Star Borough — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fairbanks North Star Borough
Full Fairbanks North Star Borough cost breakdown · Every county in Alaska
Common questions
How much does it cost to own a home in Chena Ridge?
A $412,000 home in Chena Ridge, Alaska costs approximately $3,290 per month with 20% down at 6.66%. That is $2,118 principal and interest, $397 property tax, $110 homeowners insurance, $322 utilities and $343 set aside for maintenance.
What is the property tax rate in Chena Ridge?
Chena Ridge has an effective property tax rate of 1.156%, based on a median home value of $411,600 and median real estate taxes of $4,757. That is lower than the Fairbanks North Star Borough average of 1.264%.
What is the average home price in Chena Ridge?
The median owner-occupied home value in Chena Ridge, Alaska is $411,600, against $282,500 across Fairbanks North Star Borough.
Is it cheaper to rent or buy in Chena Ridge?
Median gross rent in Chena Ridge is $1,148 a month, against $3,290 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chena Ridge — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alaska.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.