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Chena Ridge

Learn about the people, housing, costs and businesses in Chena Ridge, Alaska

Median Home$393,058
Median Rent$1,137/month
Population6,020
Leading IndustriesPublic Administration · Wholesale Trade · Manufacturing33% public administration
Home Value Growth+1.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners74% of occupied units
NotableTransit87/100 · excellent transit access
NotableHigh Incomes$132k/year · top 6% nationally
Chena Ridge
AK

Frequently Asked Questions

What are today's mortgage rates in Chena Ridge?

As of today, the 30-year fixed mortgage rate for Chena Ridge is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chena Ridge?

The median home value in Chena Ridge is $393k. The median monthly rent is $1,137. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chena Ridge?

Home values in Chena Ridge have increased 1.3% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chena Ridge?

Based on a typical all-in ownership cost of $1,733/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chena Ridge is $132k/year.

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What industries drive the economy in Chena Ridge?

The largest employment sectors in Chena Ridge are public administration (33%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.