homesbycounty

Housing decision brief

Lake and Peninsula Borough, AK Housing Market

Lake and Peninsula Borough screens as a below-state purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.

7th lowest home value out of 30 Alaska counties with data | 5th lowest rent out of 30

Median home value

$166,100

Purchase-price signal from Census ACS.

Median rent

$933/mo

Gross rent, including utilities where reported.

Monthly owner cost

$533/mo

Owner costs before individual loan terms.

Decision snapshot

Read this county in four signals.

See the benchmark matrix

Buy screen

2.6x

Median home value divided by local household income.

Rent burden

18.0%

Below 30% usually screens as less pressured.

Rent vs own

$400/mo

Median owner cost screens below median rent.

Data confidence

1 note

Home-value estimate has a $41,564 ACS margin of error.

What Works

Lower purchase price

$166,100 median home value is 39% below Alaska county median

Lower rent

$933/mo is 25% below Alaska county median

Rent burden below pressure line

18.00% of renter income goes to rent, below the 30% burden threshold.

Owning screens cheaper than renting

Median owner costs are $400/mo below median rent before individual mortgage terms.

Low disaster-risk signal

Risk score is 93.8 out of 100, a stronger cross-check for long-term ownership costs.

What to Check

Lower income base

$64,000 median income is 18% below Alaska county median

Water quality cross-check

Water quality grade is F. Review water data before treating housing cost as the full story.

Health context

Health score is 16.6 out of 100, so affordability should be weighed against local health indicators.

Wide home-value margin

The ACS margin of error on home value is $41,564, so exact rankings should be read as directional.

Best Fit For

  • Buyers comparing homes to local incomes
  • Renters trying to keep rent below the burden threshold
  • Households weighing ownership against renting
  • Long-term owners who care about disaster-risk exposure

Poor Fit For

  • Households dependent on a deep local wage market
  • Buyers who will not investigate local water systems before moving

County vs State vs National

The county number only matters after you see the benchmark. These comparisons show where Lake and Peninsula Borough is genuinely cheap, where it is average, and where the hidden cost may be.

Swipe sideways to see state and national benchmarks.
MetricCountyStateU.S.Signal

Median home value

Lower usually helps affordability.

$166,100$274,050$281,900
39% favorable39% below Alaska county median

Median gross rent

Lower usually helps affordability.

$933$1,243$1,163
25% favorable25% below Alaska county median

Monthly owner cost

Lower usually helps affordability.

$533$772$1,672
31% favorable31% below Alaska county median

Median household income

$64,000$78,158$74,755
18% pressure18% below Alaska county median

Effective property-tax rate

Lower usually helps affordability.

N/A1.00%1.02%
Needs dataNo Alaska county median comparison available

Rent burden

Lower usually helps affordability.

18.00%23.00%N/A
22% favorable18.00% of renter income goes to rent.

Income Fit

A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.

Local median income$64,000
Income for median rent$37,320
Income for median owner cost$22,843

Rent cushion

+$26,680

Median income minus rent threshold.

Owner cushion

+$41,157

Median income minus owner-cost threshold.

Affordability Advisory

This turns the raw housing numbers into income and buy-versus-rent screens.

Affordability verdict

Housing in Lake and Peninsula Borough is affordable. The median rent is $933/month against a median household income of $64,000, putting rent at 17.5% of income.

Rent vs own

At $933/month rent versus $533/month in owner costs, owning is roughly $400/month cheaper , a 43% difference.

Income needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,320/year. For owner costs at the 28% rule, the required income is roughly $22,843/year. With a median household income of $64,000, most households can comfortably afford rent here. Notably, 18.0% of renter households in Lake and Peninsula Borough are cost-burdened, spending more than 30% of income on housing.

Regional context

Within Alaska, Lake and Peninsula Borough is less affordable than Hoonah-Angoon Census Area by roughly 5% ($933/mo vs $986/mo).

Better Counties to Compare

Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.

CountyHome ValueRentWhy compare
Dillingham Census Area, AK$163,800$1,085/moSame-state comparison near $163,800 home value and $1,085/mo rent.
Aleutians East Borough, AK$144,300$1,040/moSame-state comparison near $144,300 home value and $1,040/mo rent.
DeWitt County, TX$167,200$955/moOut-of-state peer near $167,200 home value and $955/mo rent.
Hill County, TX$163,100$929/moOut-of-state peer near $163,100 home value and $929/mo rent.
Prince of Wales-Hyder Census Area, AK$221,800$915/moSame-state comparison near $221,800 home value and $915/mo rent.

Housing Questions for Lake and Peninsula Borough

Is Lake and Peninsula Borough affordable for buying a home?
Lake and Peninsula Borough has a home-value-to-income ratio of 2.6x. Values under 3.0x usually screen as more affordable, but taxes and local income still matter.
Is renting or owning cheaper in Lake and Peninsula Borough?
Median rent is $933/mo and median monthly owner cost is $533/mo. On this screen, owning is cheaper before individual loan terms.
How much income do you need for housing in Lake and Peninsula Borough?
To keep rent near 30% of income, the median rent implies about $37,320 in annual income. Using a 28% owner-cost screen, median owner costs imply about $22,843 in annual income.
What should I double-check before moving to Lake and Peninsula Borough?
Double-check lower income base, water quality cross-check, health context. These items can change the real value of a low monthly housing cost.
By Evan Brooks, Data EditorUpdated Reviewed by Evan Brooks, Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.