Lake and Peninsula Borough, Alaska Housing Market
In Lake and Peninsula Borough, Alaska, the median home value is $237,500, with a median monthly rent of $936. This places Lake and Peninsula Borough at #1013 nationally out of 3134 counties by median home value, and #20 within Alaska.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,132
- Establishments: 62
- BLS QCEW, 2025
Migration Patterns
- Inflow: 448 (avg $63,100)
- Outflow: 427 (avg $64,548)
- IRS Statistics of Income
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| Metric | Lake and Peninsula Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $237,500 | $283,493 | $227,706 |
| Median Gross Rent | $936 | $1,248 | $968 |
| Owner Occupancy Rate | 65.4% | 64.7% | 73.3% |
| Price/Rent Ratio | 21.1 | 19.0 | 18.7 |
Market Analysis
The median home value in Lake and Peninsula Borough is 16.2% below the Alaska state average and 4.3% above the U.S. national average. The median rent of $936/month is 25.0% below the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lake and Peninsula Borough has an owner-occupancy rate of 65.4%, 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 |
|---|---|---|---|
| Beltrami County | Minnesota | $237,500 | $1,053 |
| Las Animas County | Colorado | $237,600 | $891 |
| Morgan County | Indiana | $237,600 | $1,042 |
| Rankin County | Mississippi | $237,400 | $1,270 |
| Grimes County | Texas | $237,400 | $1,069 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bristol Bay Borough | $245,800 | $1,317 | 53.6% |
| Prince of Wales-Hyder Census Area | $225,300 | $964 | 70.6% |
| Yakutat City and Borough | $219,400 | $1,330 | 56.3% |
| North Slope Borough | $218,300 | $1,254 | 49.1% |
| Hoonah-Angoon Census Area | $262,800 | $1,014 | 72.0% |
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).