Market Overview
Home Prices in Sitka, AK
The median home value in Sitka, AK is $502,396 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.6% compared to a year ago and up 16.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sitka are priced23% above average.
Over the past five years, Sitka home values have fallen by approximately6.5%, reflecting softening conditions in this market.
Price History
Sitka Home Price Trend
2020
$494,167
$494K
—
2021
$537,300
$537K
+8.7%
2022
$574,616
$575K
+6.9%
2023
$510,629
$511K
-11.1%
2024
$466,195
$466K
-8.7%
2025
$543,730
$544K
+16.6%
2026
$502,396
$502K
-7.6%
City Comparison
Sitka vs. National Median
🏠 Sitka
$502,396
National Median
$410,000
At $502,396, homes in Sitka cost 23% above the national median of $410,000. Buyers in Sitka should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Sitka?
20% Down Payment
$100,479
on $502,396
Monthly P&I
$2,620/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,327/mo
incl. taxes & insurance
Income Needed
$133,080
gross annual (30% rule)
10% Down Option
$50,240
+ PMI applies
Loan Amount (20% dn)
$401,917
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 Sitka, AK?
The median home value in Sitka is $502,396 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.6% year-over-year.
How much have home prices changed in Sitka?
Over the past year, home values in Sitka have decreased by 7.6%. Over five years, prices have fallen approximately 6.5%.
How much do I need to earn to buy a home in Sitka?
To comfortably afford the median home price of $502,396 with a 20% down payment ($100,479) at today's rates (6.8%), you'd need a gross annual income of approximately $133,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Sitka compare to the national average home price?
The national median home value is approximately $410,000. At $502,396, homes in Sitka are 23% above the national average.