Mortgage Rates in Nome, Alaska — March 2026
Updated March 2026 | Based on Nome market data and regional lending conditions
Nome is a growing city in Alaska with a population of 3,699. The current 30-year fixed mortgage rate in Nome is 6.89%, which is 0.24% above the national average. With a median home price of $235,000 and a 20% down payment of $47,000, homebuyers can expect a monthly principal and interest payment of approximately $1,237.
Current Mortgage Rates in Nome, AK
Below are the current average mortgage rates available in the Nome 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Nome Housing Market Overview
The Nome housing market offers relatively affordable housing compared to many major cities. The median household income in Nome is $67,200, and the cost of living index is 113.7 (national average = 100). Based on the 28% affordability rule, the median income in Nome is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Nome
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Nome:
15-Year vs. 30-Year Mortgage in Nome
Choosing a 15-year mortgage in Nome at 6.11% instead of a 30-year at 6.89% would save you $157,680 in total interest over the life of the loan. However, your monthly payment would be $1,598 instead of $1,237 — an increase of $361 per month.
Calculate Your Nome 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 Nome
What are the current mortgage rates in Nome, AK?
As of March 2026, the average 30-year fixed mortgage rate in Nome, Alaska is 6.89%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Nome?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Nome is $1,237 for principal and interest. Including property taxes of $194/month, the total monthly housing cost is approximately $1,431.
What income do I need to buy a home in Nome?
Using the 28% rule, you would need an annual income of approximately $61,329 to afford the median-priced home in Nome at $235,000. The median household income in Nome is $67,200. The median income is currently sufficient to meet this threshold.
Is Nome a good place to buy a home in 2026?
Nome has a moderate cost of living with a cost of living index of 113.7 (national average = 100). The property tax rate in Alaska is 0.99%, which is near the national average. Nome has a population of 3,699 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 Nome, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.