Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$383,220+12.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$83,074About 1.1× the local median income ($77,989): a stretch for a typical household
Days on market156 daysSlower than a year ago: buyers have time to negotiate
The typical home in Petersburg Borough, AK is worth $383,220, up 12.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $371,651, so the area is 3.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 156 days to sell, listings are down 14% from a year ago, 0% of listings have had a price cut. A household needs about $83,074 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 $77,989. In the latest IRS figures, 2 more people moved out than in.
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
$383,220
Change in 1 year
+12.9%
Overvalued %
+3.1%
Show 6 more
Fair home value
$371,651
Change in 5 years
+7.2%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$2,077
Income needed to afford it
$83,074
Property tax rate
0.60%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,504
Market activity
Listings vs a year ago
−14.3%
Days on market
156
Listings with a price cut
0.0%
Show 3 more
Homes for sale
12
Pending sales per 100 listings
8
Asking price per sq ft
$261
People and jobs
Median household income
$77,989
Population change (1 year)
−0.7%
Unemployment rate
3.8%
Show 4 more
Population
3,394
Income adjusted for cost of living
$81,070
Net moves in (IRS)
−2
Cost of living (US = 100)
96.2
Schools, risk and environment
School rating (1 to 10)
9.2
FEMA hazard risk score (0 to 100)
15.4
Flood risk score
1.0
Show 3 more
Wildfire risk score
3.4
Walkability (1 to 20)
8.2
Road, rail and air noise
53 dB
Questions people ask
Is Petersburg Borough, AK overvalued?
Home prices in Petersburg Borough, AK are slightly above what local incomes have historically supported: fair value is about $371,651, so the area is 3.1% overvalued.
Is Petersburg Borough, AK a buyer's or seller's market?
Petersburg Borough, AK is a balanced market, leaning toward sellers: homes take about 156 days to sell, listings are down 14% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Petersburg Borough, AK?
Home values in Petersburg Borough, AK are up 12.9% over the last year.
How much do you need to earn to buy a home in Petersburg Borough, AK?
A household needs about $83,074 a year to afford the typical home in Petersburg Borough, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,989.