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North Lakes

Learn about the people, housing, costs and businesses in North Lakes, Alaska

Median Home$344,507
Median Rent$1,542/month
Population10,275
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners79% of occupied units
NotableTransit83/100 · excellent transit access
NotableHigh Incomes$106k/year · top 14% nationally
North Lakes
AK

Frequently Asked Questions

What are today's mortgage rates in North Lakes?

As of today, the 30-year fixed mortgage rate for North Lakes is approximately 6.827% (6.861% 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 North Lakes?

The median home value in North Lakes is $345k. The median monthly rent is $1,542. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Lakes?

Home values in North Lakes have increased 13.6% 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 North Lakes?

Based on a typical all-in ownership cost of $1,692/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Lakes is $106k/year.

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What industries drive the economy in North Lakes?

The largest employment sectors in North Lakes are public administration (26%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.