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

These days, finding an affordable place to live in the Larsen Bay area can be challenging. Home prices in Larsen Bay are now at a median cost of $69,600, lower than the Alaska average of $346,273.

The average cost of rent is $988/mo in Larsen Bay, primarily driven by the current value of real estate in the Larsen Bay area. In Larsen Bay, 32.00% of households rent, and 89.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Larsen Bay is $3,772 per month. Households that rent pay about 26.19% of their income on rent here. Larsen 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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