Market Overview
Home Prices in Diamond Ridge, AK
The median home value in Diamond Ridge, AK is $357,262 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Diamond Ridge are priced13% below average.
Over the past five years, Diamond Ridge home values have risen by approximately18.2%, reflecting steady appreciation in this market.
Price History
Diamond Ridge Home Price Trend
2020
$263,874
$264K
—
2021
$302,171
$302K
+14.5%
2022
$328,335
$328K
+8.7%
2023
$311,677
$312K
-5.1%
2024
$321,884
$322K
+3.3%
2025
$318,721
$319K
-1.0%
2026
$357,262
$357K
+12.1%
City Comparison
Diamond Ridge vs. National Median
🏠 Diamond Ridge
$357,262
National Median
$410,000
At $357,262, homes in Diamond Ridge cost 13% below the national median of $410,000. This makes Diamond Ridge a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Diamond Ridge?
20% Down Payment
$71,452
on $357,262
Monthly P&I
$1,863/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,366/mo
incl. taxes & insurance
Income Needed
$94,640
gross annual (30% rule)
10% Down Option
$35,726
+ PMI applies
Loan Amount (20% dn)
$285,810
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Diamond Ridge, AK?
The median home value in Diamond Ridge is $357,262 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Diamond Ridge?
Over the past year, home values in Diamond Ridge have increased by 12.1%. Over five years, prices have risen approximately 18.2%.
How much do I need to earn to buy a home in Diamond Ridge?
To comfortably afford the median home price of $357,262 with a 20% down payment ($71,452) at today's rates (6.8%), you'd need a gross annual income of approximately $94,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Diamond Ridge compare to the national average home price?
The national median home value is approximately $410,000. At $357,262, homes in Diamond Ridge are 13% below the national average.