CALCMONEY // HOME AFFORDABILITY // AK // WASILLA
How much house can you afford in Wasilla? Based on local median home prices, current AK mortgage rates, and Wasilla property tax data.
$318,000
$2,103/mo
$90,141/yr
$220,936
Monthly housing costs of $2,103 represent 37.1% of Wasilla's median gross monthly income ($5,667/mo). At 37.1%, median-income buyers in Wasilla are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $318,000 |
| Down Payment (20%) | $63,600 |
| Loan Amount | $254,400 |
| Monthly PI Payment | $1,693 |
| Monthly Property Tax | $278 |
| Monthly Insurance Est. | $133 |
| Total Monthly PITI | $2,103 |
| Housing Cost % of Income | 37.1% |
| Required Income (28% rule) | $90,141/yr |
| Max Affordable Home | $220,936 |
$11,130
$2,670/mo
Wasilla Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $318,000 | Wasilla city median |
| Down Payment (20%) | $63,600 | Conventional loan |
| Monthly PITI | $2,103 | 7% rate, 30yr fixed |
| Required Income (28% rule) | $90,141 | Annual gross |
| Max Affordable Home | $220,936 | Based on median income |
| FHA Down (3.5%) | $11,130 | Minimum FHA |
| Housing Cost % of Income | 37.1% | Median income: $68,000/yr |
| Property Tax Rate | 1.05% | $3,339/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Wasilla is $318,000, with a local 30-year mortgage rate of 7%. A buyer putting 20% down carries a loan of $254,400, generating a monthly P&I payment of $1,693. Adding property taxes ($278/mo) and homeowners insurance ($133/mo) brings total monthly PITI to $2,103.
Wasilla's property tax rate of 1.05% is near the national average, adding a standard increment to monthly housing costs. On the Wasilla median home, that is $278/month, or $3,339 per year.
Alaska has no state income tax, improving effective take-home pay for Wasilla residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Wasilla's median income of $68,000/year can afford up to $1,587/month in total housing costs. Based on Wasilla's mortgage rate of 7% and property tax rate of 1.05%, that translates to a maximum affordable home price of approximately $220,936 with 20% down on a 30-year loan.
To afford the median Wasilla home priced at $318,000, you need an annual gross income of approximately $90,141. Total monthly housing costs (principal and interest of $1,693, property taxes of $278, and insurance of $133) come to $2,103/month, which equals 28% of the required income.
At the median home price of $318,000 and median household income of $68,000, the total monthly housing cost of $2,103 represents 37.1% of gross monthly income. This is well above the standard 28% threshold, making Wasilla a challenging market for buyers at median income.
A conventional 20% down payment on the median Wasilla home of $318,000 is $63,600. An FHA loan requires just 3.5% down — $11,130 — but adds mortgage insurance of roughly $217/month, bringing total FHA payments to $2,670/month.