Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$481,818−5.4% YoY · prices are falling fast
Market right nowBalanced marketFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$104,448About 1.1× the local median income ($91,990): a stretch for a typical household
Days on market51 daysFaster than a year ago: sellers have the edge
The typical home in Sitka Borough, AK is worth $481,818, down 5.4% from a year ago. That is well below what local incomes have historically supported: fair value is about $579,082, so the area is 16.8% undervalued. It is a balanced market: homes take about 51 days to sell, listings are down 0% from a year ago, 17% of listings have had a price cut. A household needs about $104,448 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 $91,990. In the latest IRS figures, 27 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
$481,818
Change in 1 year
−5.4%
Overvalued %
−16.8%
Show 6 more
Fair home value
$579,082
Change in 5 years
−10.1%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$2,611
Income needed to afford it
$104,448
Property tax rate
0.46%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,622
Market activity
Listings vs a year ago
0.0%
Days on market
51
Listings with a price cut
17.4%
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Homes for sale
16
Pending sales per 100 listings
50
Asking price per sq ft
$376
People and jobs
Median household income
$91,990
Population change (1 year)
−0.8%
Unemployment rate
6.8%
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Population
8,319
Income adjusted for cost of living
$95,624
Net moves in (IRS)
−27
Cost of living (US = 100)
96.2
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
23.8
Flood risk score
34.0
Show 3 more
Wildfire risk score
8.7
Walkability (1 to 20)
12.9
Road, rail and air noise
51 dB
Questions people ask
Is Sitka Borough, AK overvalued?
Home prices in Sitka Borough, AK are well below what local incomes have historically supported: fair value is about $579,082, so the area is 16.8% undervalued.
Is Sitka Borough, AK a buyer's or seller's market?
Sitka Borough, AK is a balanced market: homes take about 51 days to sell, listings are down 0% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Sitka Borough, AK?
Home values in Sitka Borough, AK are down 5.4% over the last year.
How much do you need to earn to buy a home in Sitka Borough, AK?
A household needs about $104,448 a year to afford the typical home in Sitka Borough, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $91,990.