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City · 5,447 residents · Kodiak Island Borough, Alaska

Kodiak , Alaska

In Kodiak, a typical home is worth $347,100 and typical rent is $1,571 a month. Compared with all of Kodiak Island Borough, the typical home value is 16% lower, typical rent is 11% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $347,100

    16% below the borough

    About the same as Alaska

    • Kodiak
    • Kodiak Island
    • Alaska

  • Typical rent

    $1,571a month

    11% below the borough

    11% above Alaska

    • Kodiak
    • Kodiak Island
    • Alaska

  • Typical household income

    $90,292a year

    5% above the borough

    3% below Alaska

    • Kodiak
    • Kodiak Island
    • Alaska

  • Households that own their home

    50%

    11 points below the borough

    17 points below Alaska

    • Kodiak
    • Kodiak Island
    • Alaska

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$445,918
4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Kodiak is in Kodiak Island Borough. The FHA loan limit ($541,650 for a one-unit home), the fair market rents and the help on this page are those of all of Kodiak Island Borough. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Kodiak apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Kenai, the typical rent is $1,138: 28% less than in Kodiak ($1,571).

  2. Nearby, in Kenai, the typical home value is $283,900: 18% less than in Kodiak ($347,100).

  3. 50% of households in Kodiak own their home, against 61% in Kodiak Island Borough.

  4. The typical home in Kodiak is worth $347,100, 16% less than in Kodiak Island Borough as a whole ($412,300).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Kodiak

What homes there are in Kodiak, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Kodiak (53%), but less so than in Kodiak Island Borough (66%).

Year built

Homes in Kodiak are older: the typical year built is 1978; in Kodiak Island Borough, 1987.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,401 a month

Kodiak Island Borough: $2,396 a month

Without a mortgage

$530 a month

Kodiak Island Borough: $494 a month

Owners with a mortgage

62%

Kodiak Island Borough: 59%

In Kodiak, 62% of owners have a mortgage; their typical cost is $2,401 a month, about the same as in Kodiak Island Borough.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Kodiak rose 36% since 2015–2019, less than in Kodiak Island Borough (46%).

The typical rent in Kodiak rose 28% from 2015–2019 to 2020–2024.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureKodiakKodiak Island BoroughAlaskaUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate8.7%5.7%3.4%
People per household 2.812.622.612.53
Drive alone 62%66%65%69%
Carpool 19%13%12%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate9%8%3%
Work from home Unreliable estimate5%10%15%
Other means Unreliable estimate6%4%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

On average, a household in Kodiak has 2.81 people, more than in Kodiak Island Borough (2.62).

More people carpool to work in Kodiak than in Kodiak Island Borough: 19% against 13%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Kodiak?

A typical home costs more than the typical income allows

We start with a typical home in Kodiak, worth $347,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Kodiak, which is $90,292 a year. For that payment to be 28% of income, a household would need to earn about $123,006 a year.

The calculator's FHA and conventional loan limits are those of all of Kodiak Island Borough.

Your numbers

Local data
$

Starts at the typical home value in Kodiak. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,149 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,870

at 7.18% · 30 years

Loan amount
$340,813
Total interest
$490,349
Paid off in
November 2056

Includes $5,862 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,107 a month

  • Tight

    $2,107 to $2,709 a month

  • Hard

    more than $2,709 a month

    Your payment · 38%

Compared with the typical household income in Kodiak ($90,292 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,870
Principal & interest$2,309
Property tax$263
Home insurance$145
FHA mortgage insurance (MIP)$154

You need at least $12,149 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Kodiak and Kodiak Island Borough

Kodiak is in Kodiak Island Borough, Alaska. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Kodiak's own numbers

Typical home value
$347,100
Typical monthly rent
$1,571
Typical yearly household income
$90,292
Households that own their home
50%
Effective property tax rate
0.91%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Kodiak Island Borough

FHA limit, one-unit home
$541,650
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,239
Price change over 5 years (FHFA)
+25%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Kodiak Island Borough.

Everything about Kodiak Island Borough

Buying

Buying a home in Kodiak

A typical home in Kodiak is worth $347,100: 16% below the borough and about the same as Alaska. With the typical household income in Kodiak ($90,292 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Kodiak 3.8 years
  • Kodiak Island 4.8 years
  • Alaska 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Kodiak Island Borough

According to FHFA’s house price index, home prices in Kodiak Island Borough rose 38% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Kodiak Island Borough.

Period Borough Alaska U.S.
Last year (2025) −4.7% +4.1% +2.9%
5 years (2020–2025) +25% +39% +47%
10 years (2015–2025) +38% +52% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Kodiak next to Kodiak Island Borough, Alaska and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Kodiak $347,100
  • Kodiak Island $412,300
  • Alaska $352,900
  • United States $332,700
Typical monthly rent
  • Kodiak $1,571
  • Kodiak Island $1,765
  • Alaska $1,419
  • United States $1,413
Typical yearly household income
  • Kodiak $90,292
  • Kodiak Island $86,250
  • Alaska $92,788
  • United States $80,734
See the full table
Kodiak next to Kodiak Island Borough and Alaska
Measure Kodiak Kodiak Island Borough Alaska U.S.
Typical home value $347,100 $412,300 $352,900 $332,700
Typical monthly rent $1,571 $1,765 $1,419 $1,413
Typical yearly household income $90,292 $86,250 $92,788 $80,734
Households that own their home 50% 61% 67% 65%
Typical yearly property tax $3,164 $3,569 $3,901 $3,119
Effective property tax rate 0.91% 0.87% 1.11% 0.94%
Renters with high rent for their income 31% 38% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Kodiak Island Borough. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Kodiak

For a typical $347,100 home in Kodiak, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Kodiak's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,870a month

    Least cash to close
    Down payment
    $12,149
    Cash to close
    $22,562
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $154

  • Conventional, 5% down $2,807a month

    Down payment
    $17,355
    Cash to close
    $27,768
    Rate
    7.18%
    Mortgage insurance
    PMI · $165

  • Conventional, 20% down, no PMI $2,289a month

    Down payment
    $69,420
    Cash to close
    $79,833
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,610a month

    Down payment
    $52,065
    Cash to close
    $62,478
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Kodiak and for Kodiak Island Borough.

Property tax

Effective rate in Kodiak

0.91%of the home’s value each year

$3,164 a year for the typical owner in Kodiak.

  • Kodiak 0.91%
  • Kodiak Island 0.87%
  • Alaska 1.11%

What Alaska publishes Optional municipal residential exemption (Alaska State Legislature (Alaska Statutes 2025))

Exemptions and deadlines in Alaska

Flood risk in Kodiak Island Borough

FEMA does not publish these numbers by city: they are for all of Kodiak Island Borough.

FEMA’s maps count no homes in the high-risk zone in Kodiak Island Borough. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Kodiak

Typical rent in Kodiak is $1,571 a month: 11% below the borough. In Kodiak, 31% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Kodiak Island Borough, by unit size. To pay the 2-bedroom one ($2,239 a month) without spending more than 30% of your income, you would need to earn $43.06 an hour working full time.

HUD fair market rent for all of Kodiak Island Borough

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,559 $29.98 $62,360
1 bedroom $1,712 $32.92 $68,480
2 bedrooms $2,239 $43.06 $89,560
3 bedrooms $2,716 $52.23 $108,640
4 bedrooms $2,943 $56.60 $117,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Kodiak

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Kodiak is in ZIP code 99615.

For 2 bedrooms it is $2,270: $31 more than the fair market rent for Kodiak Island Borough ($2,239).

  • 99615 $2,270$2,750

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Kodiak when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Kodiak

HUD lists 4 buildings with rents for lower incomes in Kodiak. These are the largest.

  • Christenson RD Portfolio Phase I 2610 Mill Bay Rd, Kodiak 99615 128 homes, 126 low-income · 1 bd: 42 · 2 bd: 86 · In service since 2009
  • Christenson RD Portfolio Phase II 2610 Mill Bay Rd, Kodiak 99615 110 low-income homes · 1 bd: 63 · 2 bd: 47 · In service since 2011 · For people with disabilities, families
  • Kodiak 914 Pillar Mountain Rd, Kodiak 99615 40 low-income homes · Run by Alaska Housing Finance Corporation · Average payment: $1,119 a month (907) 330-8432
  • Mill Bay Townhomes, LLC 1223 Mill Bay Rd, Kodiak 99615 20 homes

See all 4 buildings in Kodiak Island Borough Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Kodiak

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Kodiak Island Borough. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Kodiak

No down payment, repair or rent-help program on our list is for Kodiak or Kodiak Island Borough. The ones below are statewide in Alaska: they work in Kodiak the same as in the rest of the state.

Which programs do I qualify for? All programs in Alaska

  • Closing Cost Assistance Program (CCAP)

    Statewide in Alaska

    Alaska state authority help of 3% or 4% of the loan, paid at closing and not repaid, for the down payment, closing costs or to reduce the principal; with 30-year fixed-rate FHA, VA or USDA mortgages. Offered by Alaska Housing Finance Corporation (AHFC).

    Grant

    See the program Official page

Housing counselors near Kodiak

The HUD-approved agencies closest to the center of Kodiak, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Rural Alaska Community Action Program

    130 E Redoubt Ave, Soldotna · 192 miles away

    • Budget and credit workshops
    • Home improvement and repairs
    • and 1 more
    (907) 260-3451

All counseling agencies in Alaska

Help in Spanish near Kodiak

None of the 1 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Kodiak

HUD lists no housing authority with an office in Kodiak Island Borough. One in a neighboring county or the state’s may serve the area.

All housing agencies in Alaska Source: HUD

Cities

Nearby cities

The cities closest to Kodiak, with the typical home value.

Everything about Kodiak Island Borough Housing in Alaska

Neighboring counties

If Kodiak Island Borough is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Kodiak.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Kodiak

Short answers with the numbers for Kodiak and all of Kodiak Island Borough. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Kodiak?

The typical home value in Kodiak is $347,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Kodiak Island Borough it is $412,300.

How much does it cost to rent in Kodiak?

Typical rent in Kodiak is $1,571 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Kodiak Island Borough is $2,239.

What is the FHA loan limit in Kodiak?

Kodiak uses the FHA limit for all of Kodiak Island Borough (2026): $541,650 for a one-unit home and $1,041,650 for a four-unit home.

How much property tax do owners pay in Kodiak?

The typical homeowner in Kodiak pays $3,164 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Kodiak Island Borough, the rate is 0.87%.

Where can I find free help to buy or rent in Kodiak?

We found no HUD-approved counseling agencies with an office in Kodiak Island Borough; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).