Income needed to buy a home
Wrangell City and Borough, AK
$103,226
a year in household income to buy the typical Wrangell City and Borough home with 10% down.
The monthly math
Typical home value$321,839
Down payment (10%)$32,184
Loan$289,655
Principal and interest (7.40%)$2,006/mo
Property tax (0.45% a year)$121/mo
Homeowners insurance (estimate)$161/mo
Mortgage insurance$121/mo
Total monthly cost$2,409/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 $63,750 a year, 62% of what it takes.
In Alaska
Wrangell City and Borough ranks #3 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 |
| Fairbanks North Star Borough | $311,765 | $107,311 |
| Haines Borough | $330,061 | $108,669 |
| Kenai Peninsula Borough | $351,179 | $113,678 |
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.