Kenai Peninsula Borough, AK Average Home Price (2026)
The average home price in Kenai Peninsula Borough, Alaska is about $311,500 (the 2026 median across 12 ZIP codes, at ~$276/sq ft) — 22% more affordable than the Alaska median and 8% more expensive than the typical U.S. home.
How Kenai Peninsula Borough compares
Kenai Peninsula Borough is about average for housing nationally: its typical home costs $311,500 against $401,000 for Alaska and $289,000 for the U.S. Within the county, ZIP-level values run from about $214,000 to $492,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Kenai Peninsula Borough | $311,500 | $276 |
| Alaska | $401,000 | $266 |
| United States | $289,000 | $193 |
Kenai Peninsula Borough home prices by ZIP code
The 12 most valuable ZIP codes in Kenai Peninsula Borough (of 12 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 99572 Cooper Landing | $492,000 | $363 | +58% |
| 99603 Homer | $412,000 | $326 | +32% |
| 99664 Seward | $397,000 | $277 | +27% |
| 99669 Soldotna | $372,000 | $273 | +19% |
| 99672 Sterling | $360,000 | $342 | +16% |
| 99611 Kenai | $327,000 | $253 | +5% |
| 99610 Kasilof | $296,000 | $298 | -5% |
| 99631 Moose Pass | $286,000 | $231 | -8% |
| 99663 Seldovia | $273,000 | $268 | -12% |
| 99568 Clam Gulch | $270,000 | $324 | -13% |
| 99556 Anchor Point | $262,000 | $275 | -16% |
| 99639 Ninilchik | $214,000 | $255 | -31% |
Home value appreciation in Kenai Peninsula Borough
Home prices in Kenai Peninsula Borough have risen about 72% over the last 10 years (≈5.6% a year) and +122.9% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.6% — still rising. A home worth $311,500 today was worth roughly $181,315 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Alaska is +52.4% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Kenai Peninsula Borough
Run the numbers for Kenai Peninsula Borough with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Kenai Peninsula Borough
To buy the typical $311,500 home in Kenai Peninsula Borough with 20% down, you need a household income of roughly $85,000 a year (about $1,980 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $101,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,600 | $2,460/mo | $105,000/yr |
| 10% (+PMI) | $31,200 | $2,350/mo | $101,000/yr |
| 20% | $62,300 | $1,980/mo | $85,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Kenai Peninsula Borough
At about $276 per square foot, here is roughly how much home different budgets get you in Kenai Peninsula Borough:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 540 sq ft | below the local median — condos, smaller or older homes |
| $200k | 720 sq ft | below the local median — condos, smaller or older homes |
| $250k | 910 sq ft | around the typical home here |
| $300k | 1090 sq ft | around the typical home here |
| $400k | 1450 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Alaska.
Estimate a specific home in Kenai Peninsula Borough
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Kenai Peninsula Borough home prices: frequently asked
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Browse all Alaska cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.