Alaska housing costs at a glance
| Alaska | |
|---|---|
| Median home value (Zillow) | $402,000 |
| Average effective property tax | 0.9% |
| Typical rate for a new buyer (calculator default) | 1.0% |
| Average homeowners insurance ($300k dwelling) | $1,320 a year |
| 2026 conforming loan limit (one unit) | $1,249,125 baseline (Alaska, like Hawaii, has a higher statutory limit) |
Example: median-priced home
Alaska home for $402,000, 20% down, 6.5% 30-year fixed: principal and interest $2,033 + property tax $335 + insurance $110 = about $2,478 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Alaska property tax
Alaska has no state property tax, income tax or sales tax; property tax is levied only by boroughs and cities, and some areas have none. The average effective rate is about 0.9% of value, around 1.2%–1.3% in Anchorage and Fairbanks. Owners aged 65 and over get an exemption on the first $150,000 of assessed value.
Other Alaska costs
- No transfer tax and no disclosure of sale prices.
- Insurance: about $1,320 a year; earthquake coverage is separate and recommended in Southcentral Alaska.
- Loan limits: Alaska has a higher baseline conforming limit than the lower 48. See also the Alaska paycheck calculator.
Other states
See also the Alaska paycheck calculator and mortgage costs in other states.
Frequently asked questions
Does Alaska have a property tax?
There is no state property tax, but most boroughs and cities levy one; Anchorage and Fairbanks charge about 1.2% to 1.3%.
What is the monthly payment on a median-priced Alaska home?
On a $402,000 home with 20% down at 6.5%, principal and interest are about $2,033; with property tax at 1.0% and average insurance the total is about $2,478 a month.
What is the conforming loan limit in Alaska?
Alaska has a higher statutory baseline: $1,249,125 for a one-unit home in 2026.
Do seniors pay property tax in Alaska?
Owners aged 65 and over are exempt on the first $150,000 of assessed value.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Alaska Office of the State Assessor
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026