The Most Affordable Neighborhoods in Cold Bay, AK by Home Value

These days, finding an affordable place to live in the Cold Bay area can be challenging. Home prices in Cold Bay are now at a median cost of $97,500, lower than the Alaska average of $346,273.

The average cost of rent is $923/mo in Cold Bay, primarily driven by the current value of real estate in the Cold Bay area. In Cold Bay, 58.94% of households rent, and 95.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cold Bay is $4,974 per month. Households that rent pay about 18.56% of their income on rent here. Cold Bay’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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