CALCMONEY // MORTGAGE // AK // ANCHORAGE
Calculate your monthly mortgage payment using Anchorage-specific property tax rates and local market data.
$415,000
6.95%
1.11%
130
| Principal & Interest | $2,198 |
| Property Tax | $384 |
| Homeowners Insurance (est.) | $138 |
| Total Monthly Payment (PITI) | $2,720 |
$83,000
$459,160
$116,566/yr
The median home price in Anchorage is $415,000, above the national median of $420,000. With a median household income of $88,000, the price-to-income ratio is 4.7x — meaning buyers typically spend 4.7 years of gross income on the purchase price.
Property taxes in Anchorage run 1.11% of assessed value. On the median home, that is $4,607 per year, or $384 per month added to your mortgage payment. This is close to the national average of 1.1%.
Alaska has no state income tax, which means more of your gross salary becomes take-home pay. This effectively increases your purchasing power compared to income-tax states.
The cost of living index in Anchorage is 130 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $332,000 loan saves $14,940 in interest over 30 years.
Compare Top Anchorage Mortgage Lenders