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Northway

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

Median Home$206,100
Median Rent$1,155/month
Population271
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade9% construction
Family-Friendly30% of residentstop 4% nationally
Homeowners71% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
Northway
AK

Frequently Asked Questions

What are today's mortgage rates in Northway?

As of today, the 30-year fixed mortgage rate for Northway 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 Northway?

The median home value in Northway is $206k. The median monthly rent is $1,155. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Northway?

Based on a typical all-in ownership cost of $488/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northway is $57k/year.

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What industries drive the economy in Northway?

The largest employment sectors in Northway are public administration (24%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.