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Galena

Learn about the people, housing, costs and businesses in Galena, Alaska

Median Home$145,630
Median Rent$892/month
Population10,324
Leading IndustriesProfessional Services · Construction · Agriculture & Mining3% professional services
Home Value Growth+9.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$146k median home · lower cost than 86% of the country
Galena
AK

Frequently Asked Questions

What are today's mortgage rates in Galena?

As of today, the 30-year fixed mortgage rate for Galena is approximately 7.119% (7.165% 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 Galena?

The median home value in Galena is $146k. The median monthly rent is $892. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Galena?

Home values in Galena have increased 9.9% 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 Galena?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Galena is $67k/year.

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What industries drive the economy in Galena?

The largest employment sectors in Galena are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.