Market Overview
Home Prices in Kenai, AK
The median home value in Kenai, AK is $332,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kenai are priced19% below average.
Over the past five years, Kenai home values have risen by approximately17.0%, reflecting steady appreciation in this market.
Price History
Kenai Home Price Trend
2020
$264,044
$264K
—
2021
$284,445
$284K
+7.7%
2022
$321,552
$322K
+13.0%
2023
$312,693
$313K
-2.8%
2024
$311,812
$312K
-0.3%
2025
$313,810
$314K
+0.6%
2026
$332,917
$333K
+6.1%
City Comparison
Kenai vs. National Median
🏠 Kenai
$332,917
National Median
$410,000
At $332,917, homes in Kenai cost 19% below the national median of $410,000. This makes Kenai a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kenai?
20% Down Payment
$66,583
on $332,917
Monthly P&I
$1,736/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,205/mo
incl. taxes & insurance
Income Needed
$88,200
gross annual (30% rule)
10% Down Option
$33,292
+ PMI applies
Loan Amount (20% dn)
$266,334
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 Kenai, AK?
The median home value in Kenai is $332,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Kenai?
Over the past year, home values in Kenai have increased by 6.1%. Over five years, prices have risen approximately 17.0%.
How much do I need to earn to buy a home in Kenai?
To comfortably afford the median home price of $332,917 with a 20% down payment ($66,583) at today's rates (6.8%), you'd need a gross annual income of approximately $88,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Kenai compare to the national average home price?
The national median home value is approximately $410,000. At $332,917, homes in Kenai are 19% below the national average.