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Lake Minchumina

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

Median Home$102,800
Median Rent$847/month
Population23
Leading IndustriesRetail · Transportation22% retail
Young Adults35% of residentswell above average
Homeowners73% of occupied units
NotableTransit79/100 · excellent transit access
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Lake Minchumina
AK

Frequently Asked Questions

What are today's mortgage rates in Lake Minchumina?

As of today, the 30-year fixed mortgage rate for Lake Minchumina is approximately 6.961% (6.999% 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 Lake Minchumina?

The median home value in Lake Minchumina is $103k. The median monthly rent is $847. Annual property taxes average $199. 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 Minchumina?

Based on a typical all-in ownership cost of $550/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Minchumina is $51k/year.

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What industries drive the economy in Lake Minchumina?

The largest employment sectors in Lake Minchumina are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.