The Most Affordable Neighborhoods in Arctic Village, AK by Home Value

These days, finding an affordable place to live in the Arctic Village area can be challenging. Home prices in Arctic Village are now at a median cost of $37,300, lower than the Alaska average of $346,273.

The average cost of rent is $810/mo in Arctic Village, primarily driven by the current value of real estate in the Arctic Village area. In Arctic Village, 16.28% of households rent, and 100.00% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Arctic Village is $3,828 per month. Households that rent pay about 21.16% of their income on rent here. Arctic Village’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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