Home Price Key
Affordable
Average
Expensive
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 $59,606, lower than the Alaska average of $254,370.
The average cost of rent is $683/mo in Lake Minchumina, primarily driven by the current value of real estate in the Lake Minchumina area. While nearly 90.98% of residents own their homes outright in Lake Minchumina, 28.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Minchumina is $3,287 per month. Households that rent pay about 20.77% of their income on rent here. Lake Minchumina's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
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