Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$348,874+6.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$75,629About 0.9× the local median income ($82,655): affordable for a typical household
Days on market89 daysAbout the same pace as a year ago
The typical home in Kenai Peninsula Borough, AK is worth $348,874, up 6.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $330,326, so the area is 5.6% overvalued. It is a balanced market: homes take about 89 days to sell, listings are up 18% from a year ago, 14% of listings have had a price cut. A household needs about $75,629 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $82,655. Typical rent is $1,789 a month. In the latest IRS figures, 282 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$348,874
Change in 1 year
+6.6%
Overvalued %
+5.6%
Show 6 more
Fair home value
$330,326
Change in 5 years
+14.8%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,891
Income needed to afford it
$75,629
Property tax rate
0.63%
Rent and investing
Typical rent
$1,789
Price-to-rent ratio
16.3×
HUD Fair Market Rent, 2 bedrooms
$1,390
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Gross rental yield
6.15%
Cap rate (estimate)
4.00%
Market activity
Listings vs a year ago
+17.6%
Days on market
89
Listings with a price cut
13.8%
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Homes for sale
367
Pending sales per 100 listings
27
Asking price per sq ft
$277
People and jobs
Median household income
$82,655
Population change (1 year)
+0.8%
Unemployment rate
7.0%
Show 4 more
Population
61,951
Income adjusted for cost of living
$85,920
Net moves in (IRS)
+282
Cost of living (US = 100)
96.2
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
93.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
43.8
Wildfire risk score
97.1
Walkability (1 to 20)
5.9
Road, rail and air noise
55 dB
Questions people ask
Is Kenai Peninsula Borough, AK overvalued?
Home prices in Kenai Peninsula Borough, AK are slightly above what local incomes have historically supported: fair value is about $330,326, so the area is 5.6% overvalued.
Is Kenai Peninsula Borough, AK a buyer's or seller's market?
Kenai Peninsula Borough, AK is a balanced market: homes take about 89 days to sell, listings are up 18% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Kenai Peninsula Borough, AK?
Home values in Kenai Peninsula Borough, AK are up 6.6% over the last year.
How much do you need to earn to buy a home in Kenai Peninsula Borough, AK?
A household needs about $75,629 a year to afford the typical home in Kenai Peninsula Borough, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $82,655.