Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lake and Peninsula

Learn about the people, housing, costs and businesses in Lake and Peninsula, Alaska

Median Home$237,500
Median Rent$936/month
Population1,013
Leading IndustriesWholesale Trade · Manufacturing · Information & Media23% wholesale trade
Young Adults39% of residentstop 2% nationally
Homeowners65% of occupied units
Lake and Peninsula Borough
AK

Frequently Asked Questions

What are today's mortgage rates in Lake and Peninsula?

As of today, the 30-year fixed mortgage rate for Lake and Peninsula is approximately 6.868% (6.903% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lake and Peninsula
What is the median home price in Lake and Peninsula?

The median home value in Lake and Peninsula is $238k. The median monthly rent is $936. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lake and Peninsula?

Based on a typical all-in ownership cost of $720/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake and Peninsula is $66k/year.

Calculate your buying power
What industries drive the economy in Lake and Peninsula?

The largest employment sectors in Lake and Peninsula are wholesale trade (23%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.