Total monthly cost of ownership
Cost to Own a Home in Tok, Alaska
A $224,000 home here costs
$1,853per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,152. The real number is $701 higher every month — 61% 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.
Tok against Southeast Fairbanks Census Area and Alaska
| Measure | Tok | Southeast Fairbanks Census Area |
|---|---|---|
| Median home value | $223,700 | $262,800 |
| Median property tax | — | $1,871 |
| Effective tax rate | 0.712% | 0.712% |
| Median gross rent | $648 | $1,304 |
| Population | 1,490 | 6,936 |
The weather behind that power bill
Tok sits in Southeast Fairbanks Census Area, which averages a high of 71.5°F in its hottest month and a low of -22.1°F in its coldest, with 11.27" of precipitation a year and 62% of it in a single three-month stretch. That climate drives 19 cooling and 14,679 heating degree days, which is what sets the $254 electricity line above.
See the full climate breakdown for Southeast Fairbanks Census Area — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Southeast Fairbanks Census Area
Full Southeast Fairbanks Census Area cost breakdown · Every county in Alaska
Common questions
How much does it cost to own a home in Tok?
A $224,000 home in Tok, Alaska costs approximately $1,853 per month with 20% down at 6.66%. That is $1,152 principal and interest, $133 property tax, $60 homeowners insurance, $322 utilities and $187 set aside for maintenance.
What is the property tax rate in Tok?
Place-level tax data is not published for Tok, so the Southeast Fairbanks Census Area rate of 0.712% applies here.
What is the average home price in Tok?
The median owner-occupied home value in Tok, Alaska is $223,700, against $262,800 across Southeast Fairbanks Census Area.
Is it cheaper to rent or buy in Tok?
Median gross rent in Tok is $648 a month, against $1,853 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 Tok — 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.