Mortgage Rates in Kodiak, Alaska — March 2026
Updated March 2026 | Based on Kodiak market data and regional lending conditions
Kodiak is a growing city in Alaska with a population of 5,968. The current 30-year fixed mortgage rate in Kodiak is 6.7%, which is 0.05% above the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,781.
Current Mortgage Rates in Kodiak, AK
Below are the current average mortgage rates available in the Kodiak 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Kodiak Housing Market Overview
The Kodiak housing market reflects moderate demand with prices near the national average. The median household income in Kodiak is $68,250, and the cost of living index is 132.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $89,143 to comfortably afford the median-priced home in Kodiak, which exceeds the current median household income.
Monthly Payment Breakdown for Kodiak
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Kodiak:
15-Year vs. 30-Year Mortgage in Kodiak
Choosing a 15-year mortgage in Kodiak at 5.94% instead of a 30-year at 6.7% would save you $223,560 in total interest over the life of the loan. However, your monthly payment would be $2,320 instead of $1,781 — an increase of $539 per month.
Calculate Your Kodiak 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 Kodiak
What are the current mortgage rates in Kodiak, AK?
As of March 2026, the average 30-year fixed mortgage rate in Kodiak, Alaska is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Kodiak?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Kodiak is $1,781 for principal and interest. Including property taxes of $299/month, the total monthly housing cost is approximately $2,080.
What income do I need to buy a home in Kodiak?
Using the 28% rule, you would need an annual income of approximately $89,143 to afford the median-priced home in Kodiak at $345,000. The median household income in Kodiak is $68,250. This means most households would need to either earn above the median or consider homes below $345,000.
Is Kodiak a good place to buy a home in 2026?
Kodiak has a higher cost of living than average with a cost of living index of 132.5 (national average = 100). The property tax rate in Alaska is 1.04%, which is near the national average. Kodiak has a population of 5,968 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 Kodiak, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.