Ketchikan Gateway Borough, Alaska Housing Market Prices
Ketchikan Gateway Borough Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the Alaska median Among the 5 most expensive counties in Alaska$338,636
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Median rent 6% above the Alaska median Among the 3 most expensive counties in Alaska$1,504
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ketchikan Gateway Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,636 | $320,616 | $248,835 |
| Price Trend (Annual %) | 1.2% | 5.4% | 7.5% |
| Median Gross Rent | $1,504 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ketchikan Gateway Borough is about 6% higher than in Alaska. Rent is about 6% higher than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ketchikan Gateway Borough, up about 1.2% and 4.3% a year respectively. Rent is changing faster.
Median rent in Ketchikan Gateway Borough rose about 45.7% between 2015 and 2024, from $1,032 to $1,504. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Ketchikan Gateway Borough.
Buying the median-priced home in Ketchikan Gateway Borough costs roughly 18.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ketchikan Gateway Borough. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Ketchikan Gateway Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,636 | $320,616 | $248,835 |
| Median Household Income | $93,937 | $93,666 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ketchikan Gateway Borough rose about 12.1%, while median household income rose about 55.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ketchikan Gateway Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 55.1% | 58.5% |
| Rental Rate | 26.9% | 27.3% | 31.2% |
| Vacancy Rate | 14.4% | 17.6% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Ketchikan Gateway Borough has a homeownership rate of 58.7%, higher than the Alaska average of 55.1%. Its housing vacancy rate is 14.4%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Ketchikan Gateway Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1973 | 1986 | 1978 |
| Median Number of Rooms | 4.9 | 4.8 | 5.5 |
The typical housing unit in Ketchikan Gateway Borough was built around 1973. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ketchikan Gateway Borough, Alaska.
What is the median home price in Ketchikan Gateway Borough, Alaska?
The median home price in Ketchikan Gateway Borough, Alaska is $338,636, higher than the Alaska average of $320,616.
What is the average home price in Ketchikan Gateway Borough, Alaska?
The typical home price in Ketchikan Gateway Borough, Alaska, reported as the median sale price, is $338,636. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ketchikan Gateway Borough, Alaska?
The median gross rent in Ketchikan Gateway Borough, Alaska is $1,504 per month, higher than the Alaska average of $1,418.
What was the median gross rent in Ketchikan Gateway Borough in 2020?
In 2020, the median gross rent in Ketchikan Gateway Borough, Alaska was $1,188 per month.
What is the price-to-rent ratio in Ketchikan Gateway Borough, Alaska?
The price-to-rent ratio in Ketchikan Gateway Borough, Alaska is about 18.8, meaning it would take roughly 18.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ketchikan Gateway Borough.
Are home prices or rent rising faster in Ketchikan Gateway Borough, Alaska?
Both home prices and rent are rising in Ketchikan Gateway Borough, up about 1.2% and 4.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Ketchikan Gateway Borough, Alaska?
58.7% of households in Ketchikan Gateway Borough, Alaska own their home, higher than the Alaska average of 55.1%.
What is the vacancy rate in Ketchikan Gateway Borough, Alaska?
The housing vacancy rate in Ketchikan Gateway Borough, Alaska is 14.4%, lower than the Alaska average of 17.6%.
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