Total monthly cost of ownership
Cost to Own a Home in Ketchikan, Alaska
A $340,000 home here costs
$2,678per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $115,000 a year.
A standard mortgage calculator would have told you $1,854. The real number is $824 higher every month, 44% more than the payment most buyers budget for.
Compare Ketchikan Gateway Borough with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ketchikan against Ketchikan Gateway Borough and Alaska
| Measure | Ketchikan | Ketchikan Gateway Borough |
|---|---|---|
| Median home value | $340,300 | $379,000 |
| Median property tax | $2,543 | $2,588 |
| Effective tax rate | 0.747% | 0.683% |
| Median gross rent | $1,319 | $1,388 |
| Population | 8,151 | 13,870 |
The weather behind that power bill
Ketchikan sits in Ketchikan Gateway Borough, which averages a high of 64.7°F in its hottest month and a low of 31.5°F in its coldest, with 149.54" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 16 cooling and 6,917 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Ketchikan Gateway Borough , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ketchikan Gateway Borough
No other places of this size are published in Ketchikan Gateway Borough.
Full Ketchikan Gateway Borough cost breakdown · Every county in Alaska
Talk to someone who works this market
These are Ketchikan averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ketchikan every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ketchikan I already own here and may sell
Common questions
How much does it cost to own a home in Ketchikan?
A $340,000 home in Ketchikan, Alaska costs approximately $2,678 per month with 20% down at 7.24%. That is $1,854 principal and interest, $212 property tax, $91 homeowners insurance, $238 utilities and $283 set aside for maintenance.
What is the property tax rate in Ketchikan?
Ketchikan has an effective property tax rate of 0.747%, based on a median home value of $340,300 and median real estate taxes of $2,543. That is higher than the Ketchikan Gateway Borough average of 0.683%.
What is the average home price in Ketchikan?
The median owner-occupied home value in Ketchikan, Alaska is $340,300, against $379,000 across Ketchikan Gateway Borough.
Is it cheaper to rent or buy in Ketchikan?
Median gross rent in Ketchikan is $1,319 a month, against $2,678 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ketchikan?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ketchikan, Alaska at today's rate takes a household income of roughly $115,000 a year. That covers the full $2,678 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ketchikan, 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.