Mortgage Rates in Hoonah, Alaska — March 2026
Updated March 2026 | Based on Hoonah market data and regional lending conditions
Hoonah is a smaller Alaska community of 26,765 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.73% (0.08% above the national average). The median home price of $425,000 translates to roughly $2,523/month with 20% down — requiring an income of about $108,129, which exceeds the local median of $82,000.
Current Mortgage Rates in Hoonah, AK
Below are the current average mortgage rates available in the Hoonah area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Hoonah Housing Market Overview
Housing in Hoonah sits near the national average at $425,000. With a median household income of $82,000 and a cost of living index of 139.4, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Hoonah
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Hoonah:
15-Year vs. 30-Year Mortgage in Hoonah
Choosing a 15-year mortgage in Hoonah at 5.97% instead of a 30-year at 6.73% would save you $276,840 in total interest over the life of the loan. However, your monthly payment would be $2,864 instead of $2,201 — an increase of $663 per month.
Calculate Your Hoonah Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Hoonah
What are the current mortgage rates in Hoonah, AK?
As of March 2026, the average 30-year fixed mortgage rate in Hoonah, Alaska is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Hoonah?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Hoonah is $2,201 for principal and interest. Including property taxes of $322/month, the total monthly housing cost is approximately $2,523.
What income do I need to buy a home in Hoonah?
Using the 28% rule, you would need an annual income of approximately $108,129 to afford the median-priced home in Hoonah at $425,000. The median household income in Hoonah is $82,000. This means most households would need to either earn above the median or consider homes below $425,000.
Is Hoonah a good place to buy a home in 2026?
Hoonah has a higher cost of living than average with a cost of living index of 139.4 (national average = 100). The property tax rate in Alaska is 0.91%, which is near the national average. Hoonah has a population of 26,765 and offers a balanced lifestyle.
Mortgage Rates in Other Alaska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hoonah, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.