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Knik River

Learn about the people, housing, costs and businesses in Knik River, Alaska

Median Home$357,700
Median Rent$1,443/month
Population865
Leading IndustriesArts, Food & Hospitality · Healthcare · Manufacturing14% arts, food & hospitality
Home Value Growth⬆⬆⬆+22.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners84% of occupied units
NotableTransit85/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Knik River
AK

Frequently Asked Questions

What are today's mortgage rates in Knik River?

As of today, the 30-year fixed mortgage rate for Knik River is approximately 6.921% (6.958% 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 Knik River?

The median home value in Knik River is $358k. The median monthly rent is $1,443. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Knik River?

Home values in Knik River have increased 22.6% over the past two years. This indicates a strong appreciation trend. 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 Knik River?

Based on a typical all-in ownership cost of $1,550/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Knik River is $103k/year.

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What industries drive the economy in Knik River?

The largest employment sectors in Knik River are public administration (21%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.