Total monthly cost of ownership
Cost to Own a Home in Skagway, Alaska
A $416,000 home here costs
$3,104per 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 $133,000 a year.
A standard mortgage calculator would have told you $2,268. The real number is $836 higher every month, 37% more than the payment most buyers budget for.
Compare Skagway Municipality with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Skagway from a five-year rolling sample, and with about 1,212 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Skagway Municipality figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Skagway against Skagway Municipality and Alaska
| Measure | Skagway | Skagway Municipality |
|---|---|---|
| Median home value | $415,900 | $430,000 |
| Median property tax | $1,677 | $1,472 |
| Effective tax rate | 0.403% | 0.342% |
| Median gross rent | $1,228 | $1,228 |
| Population | 1,212 | 1,308 |
The weather behind that power bill
Skagway sits in Skagway Municipality, which averages a high of 64.5°F in its hottest month and a low of 22.2°F in its coldest, with 25.18" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 8 cooling and 8,113 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Skagway Municipality , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Skagway Municipality
No other places of this size are published in Skagway Municipality.
Full Skagway Municipality cost breakdown · Every county in Alaska
Talk to someone who works this market
These are Skagway 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 Skagway every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Skagway I already own here and may sell
Common questions
How much does it cost to own a home in Skagway?
A $416,000 home in Skagway, Alaska costs approximately $3,104 per month with 20% down at 7.24%. That is $2,268 principal and interest, $140 property tax, $111 homeowners insurance, $238 utilities and $347 set aside for maintenance.
What is the property tax rate in Skagway?
Skagway has an effective property tax rate of 0.403%, based on a median home value of $415,900 and median real estate taxes of $1,677. That is higher than the Skagway Municipality average of 0.342%.
What is the average home price in Skagway?
The median owner-occupied home value in Skagway, Alaska is $415,900, against $430,000 across Skagway Municipality.
Is it cheaper to rent or buy in Skagway?
Median gross rent in Skagway is $1,228 a month, against $3,104 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 Skagway?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Skagway, Alaska at today's rate takes a household income of roughly $133,000 a year. That covers the full $3,104 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Skagway, 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.