Sitka City and Borough, Alaska Housing Market
In Sitka City and Borough, Alaska, the median home value is $450,300, with a median monthly rent of $1,341. This places Sitka City and Borough at #191 nationally out of 3134 counties by median home value, and #1 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: $1,239
- Establishments: 386
- BLS QCEW, 2025
Housing Supply
- Single-family: 10
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,943 (avg $92,325)
- Outflow: 3,526 (avg $95,748)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Sitka City and Borough · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 99835 | 272.3 | -6.50% | 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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💰 Mortgage Guide → 🧾 Property Tax Data →How Sitka City and Borough Compares
| Metric | Sitka City and Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $450,300 | $283,493 | $227,706 |
| Median Gross Rent | $1,341 | $1,248 | $968 |
| Owner Occupancy Rate | 61.7% | 64.7% | 73.3% |
| Price/Rent Ratio | 28.0 | 19.0 | 18.7 |
Market Analysis
The median home value in Sitka City and Borough is 58.8% above the Alaska state average and 97.8% above the U.S. national average. The median rent of $1,341/month is 7.5% above the state average.
With a price-to-rent ratio of 28.0, Sitka City and Borough is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Sitka City and Borough has an owner-occupancy rate of 61.7%, 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 |
|---|---|---|---|
| Stanislaus County | California | $450,100 | $1,623 |
| Manassas city | Virginia | $449,900 | $1,850 |
| Amador County | California | $449,800 | $1,421 |
| Cumberland County | Maine | $451,200 | $1,589 |
| Bristol County | Massachusetts | $451,200 | $1,245 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Juneau City and Borough | $449,300 | $1,444 | 63.6% |
| Skagway Municipality | $435,400 | $1,280 | 70.9% |
| Aleutians West Census Area | $434,700 | $1,982 | 33.5% |
| Kodiak Island Borough | $412,300 | $1,765 | 61.1% |
| Anchorage Municipality | $395,900 | $1,489 | 63.9% |
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).