Total monthly cost of ownership
Cost to Own a Home in Susitna North, Alaska
A $238,000 home here costs
$1,973per 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 $84,500 a year.
A standard mortgage calculator would have told you $1,298. The real number is $675 higher every month, 52% more than the payment most buyers budget for.
Compare Matanuska-Susitna Borough with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Susitna North from a five-year rolling sample, and with about 1,506 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 Matanuska-Susitna Borough 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.
Susitna North against Matanuska-Susitna Borough and Alaska
| Measure | Susitna North | Matanuska-Susitna Borough |
|---|---|---|
| Median home value | $238,200 | $319,200 |
| Median property tax | $2,105 | $3,512 |
| Effective tax rate | 0.884% | 1.100% |
| Median gross rent | $862 | $1,258 |
| Population | 1,506 | 110,677 |
The weather behind that power bill
Susitna North sits in Matanuska-Susitna Borough, which averages a high of 68.7°F in its hottest month and a low of 5.4°F in its coldest, with 26.51" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 17 cooling and 10,592 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Matanuska-Susitna Borough , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Matanuska-Susitna Borough
Full Matanuska-Susitna Borough cost breakdown · Every county in Alaska
Talk to someone who works this market
These are Susitna North 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 Susitna North every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Susitna North I already own here and may sell
Common questions
How much does it cost to own a home in Susitna North?
A $238,000 home in Susitna North, Alaska costs approximately $1,973 per month with 20% down at 7.24%. That is $1,298 principal and interest, $175 property tax, $64 homeowners insurance, $238 utilities and $198 set aside for maintenance.
What is the property tax rate in Susitna North?
Susitna North has an effective property tax rate of 0.884%, based on a median home value of $238,200 and median real estate taxes of $2,105. That is lower than the Matanuska-Susitna Borough average of 1.100%.
What is the average home price in Susitna North?
The median owner-occupied home value in Susitna North, Alaska is $238,200, against $319,200 across Matanuska-Susitna Borough.
Is it cheaper to rent or buy in Susitna North?
Median gross rent in Susitna North is $862 a month, against $1,973 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 Susitna North?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Susitna North, Alaska at today's rate takes a household income of roughly $84,500 a year. That covers the full $1,973 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Susitna North, 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.