Quick facts: Seward, AK

Quick Facts

129.7
Cost of Living
above US average
2,851
Population
39.99
Crime Rate per 1000
above US average
$77,850
Median Income
below US average
$380,000
Median House Price
above US average
$1150.0
Average Rent
below US average
8%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $77,850.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $380,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $77,850
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Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1150.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($77,850) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Seward, AK

Seward, located in Kenai Peninsula Borough, Alaska, is a picturesque coastal town known for its stunning natural beauty and outdoor recreational opportunities. Situated at the head of Resurrection Bay and surrounded by majestic mountains, Seward serves as a gateway to the Kenai Fjords National Park. The town boasts a rich history, initially established as a supply point for gold miners and later becoming a pivotal fishing and port community. Seward is renowned for its vibrant marine life, including sea otters, seals, and numerous bird species, making it a popular destination for wildlife enthusiasts. The town offers a range of activities, such as kayaking, fishing, hiking, and glacier tours. One of the highlights for visitors is the Seward SeaLife Center, an aquarium and rehabilitation facility that focuses on education and conservation. In addition to its outdoor offerings, Seward hosts various festivals throughout the year, including the Seward Music & Arts Festival and the Mount Marathon Race, which attracts competitors from far and wide. With its charming downtown, waterfront views, and the spirit of adventure, Seward is a captivating destination for travelers.

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