Income needed to buy a home
Sitka City and Borough, AK
$152,319
a year in household income to buy the typical Sitka City and Borough home with 10% down.
The monthly math
Typical home value$479,492
Down payment (10%)$47,949
Loan$431,543
Principal and interest (7.40%)$2,988/mo
Property tax (0.37% a year)$147/mo
Homeowners insurance (estimate)$240/mo
Mortgage insurance$180/mo
Total monthly cost$3,554/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $101,727 a year, 67% of what it takes.
In Alaska
Sitka City and Borough ranks #12 of 13 for the income a home takes, from least to most.
Easiest to afford in Alaska
| County | Typical home | Income needed |
|---|---|---|
| Southeast Fairbanks Census Area | $289,161 | $97,733 |
| North Slope Borough | $319,990 | $103,045 |
| Wrangell City and Borough | $321,839 | $103,226 |
| Fairbanks North Star Borough | $311,765 | $107,311 |
| Haines Borough | $330,061 | $108,669 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.