Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Lake Minchumina area can be challenging. Home prices in Lake Minchumina are now at a median cost of $99,018, lower than the Alaska average of $346,273.
The average cost of rent is $840/mo in Lake Minchumina, primarily driven by the current value of real estate in the Lake Minchumina area. In Lake Minchumina, 27.16% of households rent, and 87.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Minchumina is $4,420 per month. Households that rent pay about 19.00% of their income on rent here. Lake Minchumina’s most expensive areas are in the central regions, while the cheapest areas are in the northern 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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