Buying a home in Alaska

Property taxes, transfer taxes, home values and first-time buyer help in Alaska.

For home buyers in Alaska: the taxes and typical costs of buying, with official sources.

Effective property tax rate

1.11%

Median tax $3,901 ÷ median value $352,900 (ACS 2020–2024)

Typical home value

$397,932

Zillow ZHVI, 2026-09

State transfer tax

0.0%

Usually paid by: none. No transfer-tax statute exists; recording governed by AS 40.17 (Uniform Recording Act); recording fees set under AS 40.17.030 / DNR Recorder's Office fee schedule. Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$3,000–$4,800

On a $397,932 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Alaska's effective rate of 1.11%, a typical $397,932 home would owe about $4,417/year ($368/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

Alaska Housing Finance Corporation

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Alaska Housing Finance Corporation →

Next steps

Cheapest & priciest ZIPs in AlaskaZIP codes ranked by typical home value Alaska first-time buyer programsDown payment assistance from the state HFA Payment on a typical Alaska home$397,932 home at your state's tax rate Mortgage rates today30-year fixed at 7.24%

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-11-01.

Common questions

What is the property tax rate in Alaska?

The effective property tax rate in Alaska is 1.11%: the median tax of $3,901 divided by the median home value of $352,900 (U.S. Census Bureau ACS 2020–2024).

What is a typical home value in Alaska?

$397,932 in September 2026, according to the Zillow Home Value Index.

Does Alaska have a real estate transfer tax?

No. Alaska has no state real estate transfer tax, although recording fees apply and some local governments may add their own taxes.

Who offers first-time homebuyer help in Alaska?

Alaska Housing Finance Corporation, the state housing finance agency, offers down payment assistance and lower-rate loans for eligible buyers.

Updated November 3, 2026. Official sources: U.S. Census Bureau ACS, Zillow Research ZHVI.

Buying a home in Alaska

Alaska Housing Finance Corporation

Next steps

Common questions

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