Total monthly cost of ownership
Cost to Own a Home in Nome, Alaska
A $339,000 home here costs
$2,691per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,743. The real number is $948 higher every month — 54% 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.
Nome against Nome Census Area and Alaska
| Measure | Nome | Nome Census Area |
|---|---|---|
| Median home value | $338,900 | $201,000 |
| Median property tax | $3,041 | $3,110 |
| Effective tax rate | 0.897% | 1.547% |
| Median gross rent | $1,567 | $1,328 |
| Population | 3,668 | 9,925 |
The weather behind that power bill
Nome sits in Nome Census Area, which averages a high of 57.7°F in its hottest month and a low of -2.0°F in its coldest, with 17.22" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 3 cooling and 13,485 heating degree days, which is what sets the $254 electricity line above.
See the full climate breakdown for Nome Census Area — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nome Census Area
No other places of this size are published in Nome Census Area.
Full Nome Census Area cost breakdown · Every county in Alaska
Common questions
How much does it cost to own a home in Nome?
A $339,000 home in Nome, Alaska costs approximately $2,691 per month with 20% down at 6.66%. That is $1,743 principal and interest, $253 property tax, $91 homeowners insurance, $322 utilities and $283 set aside for maintenance.
What is the property tax rate in Nome?
Nome has an effective property tax rate of 0.897%, based on a median home value of $338,900 and median real estate taxes of $3,041. That is lower than the Nome Census Area average of 1.547%.
What is the average home price in Nome?
The median owner-occupied home value in Nome, Alaska is $338,900, against $201,000 across Nome Census Area.
Is it cheaper to rent or buy in Nome?
Median gross rent in Nome is $1,567 a month, against $2,691 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 Nome — 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.