The Most Affordable Neighborhoods in False Pass, AK by Home Value

These days, finding an affordable place to live in the False Pass area can be challenging. Home prices in False Pass 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 False Pass, primarily driven by the current value of real estate in the False Pass area. In False Pass, 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 False Pass is $4,974 per month. Households that rent pay about 18.56% of their income on rent here. False Pass’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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