Ketchikan Gateway Borough, Alaska Housing Market
In Ketchikan Gateway Borough, Alaska, the median home value is $393,300, with a median monthly rent of $1,505. This places Ketchikan Gateway Borough at #303 nationally out of 3134 counties by median home value, and #7 within Alaska.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,189
- Establishments: 590
- BLS QCEW, 2025
Housing Supply
- Single-family: 27
- Multi-family: 36
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,886 (avg $82,592)
- Outflow: 5,303 (avg $83,297)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ketchikan Gateway Borough · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 99901 | 251.7 | -6.25% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Ketchikan Gateway Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $393,300 | $283,493 | $227,706 |
| Median Gross Rent | $1,505 | $1,248 | $968 |
| Owner Occupancy Rate | 68.6% | 64.7% | 73.3% |
| Price/Rent Ratio | 21.8 | 19.0 | 18.7 |
Market Analysis
The median home value in Ketchikan Gateway Borough is 38.7% above the Alaska state average and 72.7% above the U.S. national average. The median rent of $1,505/month is 20.6% above the state average.
With a price-to-rent ratio of 21.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ketchikan Gateway Borough has an owner-occupancy rate of 68.6%, compared to 64.7% in Alaska and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Madera County | California | $393,200 | $1,390 |
| Colusa County | California | $393,400 | $1,157 |
| Oldham County | Kentucky | $393,100 | $1,219 |
| Lewis and Clark County | Montana | $393,500 | $1,102 |
| Sumner County | Tennessee | $393,100 | $1,424 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Anchorage Municipality | $395,900 | $1,489 | 63.9% |
| Kodiak Island Borough | $412,300 | $1,765 | 61.1% |
| Aleutians West Census Area | $434,700 | $1,982 | 33.5% |
| Skagway Municipality | $435,400 | $1,280 | 70.9% |
| Matanuska-Susitna Borough | $346,600 | $1,299 | 77.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).