Mortgage Rates in Eagle River, Alaska — March 2026
Updated March 2026 | Based on Eagle River market data and regional lending conditions
Eagle River is a growing city in Alaska with a population of 25,650. The current 30-year fixed mortgage rate in Eagle River is 6.67%, which is 0.02% above the national average. With a median home price of $276,000 and a 20% down payment of $55,200, homebuyers can expect a monthly principal and interest payment of approximately $1,420.
Current Mortgage Rates in Eagle River, AK
Below are the current average mortgage rates available in the Eagle River area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Eagle River Housing Market Overview
The Eagle River housing market offers relatively affordable housing compared to many major cities. The median household income in Eagle River is $67,500, and the cost of living index is 117.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $71,014 to comfortably afford the median-priced home in Eagle River, which exceeds the current median household income.
Monthly Payment Breakdown for Eagle River
Based on the median home price of $276,000 with 20% down ($55,200), here is what you can expect to pay monthly in Eagle River:
15-Year vs. 30-Year Mortgage in Eagle River
Choosing a 15-year mortgage in Eagle River at 5.92% instead of a 30-year at 6.67% would save you $177,480 in total interest over the life of the loan. However, your monthly payment would be $1,854 instead of $1,420 — an increase of $434 per month.
Calculate Your Eagle River Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Eagle River
What are the current mortgage rates in Eagle River, AK?
As of March 2026, the average 30-year fixed mortgage rate in Eagle River, Alaska is 6.67%, while the 15-year fixed rate is 5.92%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Eagle River?
Based on the median home price of $276,000 with 20% down, the estimated monthly mortgage payment in Eagle River is $1,420 for principal and interest. Including property taxes of $237/month, the total monthly housing cost is approximately $1,657.
What income do I need to buy a home in Eagle River?
Using the 28% rule, you would need an annual income of approximately $71,014 to afford the median-priced home in Eagle River at $276,000. The median household income in Eagle River is $67,500. This means most households would need to either earn above the median or consider homes below $276,000.
Is Eagle River a good place to buy a home in 2026?
Eagle River has a moderate cost of living with a cost of living index of 117.5 (national average = 100). The property tax rate in Alaska is 1.03%, which is near the national average. Eagle River has a population of 25,650 and offers a balanced lifestyle.
Mortgage Rates in Other Alaska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Eagle River, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.