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Farmers Loop

Learn about the people, housing, costs and businesses in Farmers Loop, Alaska

Median Home$339,900
Median Rent$1,331/month
Population4,814
Leading IndustriesEducation · Manufacturing · Finance & Insurance5% education
Home Value Growth+4.1% over 2 years
Retirees46% of residentstop 1% nationally
Homeowners83% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableHigh Incomes$118k/year · top 9% nationally
Farmers Loop
AK

Frequently Asked Questions

What are today's mortgage rates in Farmers Loop?

As of today, the 30-year fixed mortgage rate for Farmers Loop is approximately 6.938% (6.976% 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 Farmers Loop?

The median home value in Farmers Loop is $340k. The median monthly rent is $1,331. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farmers Loop?

Home values in Farmers Loop have increased 4.1% over the past two years. This represents moderate growth. 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 Farmers Loop?

Based on a typical all-in ownership cost of $1,350/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farmers Loop is $118k/year.

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What industries drive the economy in Farmers Loop?

The largest employment sectors in Farmers Loop are public administration (20%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.