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Housing in Craig

A typical Craig home is worth roughly $290,000

No new homes were permitted in 2025.

Typical home value
$290K
AK $399K
Estimate
2-bedroom rent
$1,180
a month, utilities in · HUD
Median tax bill
$1,180
AK $3,901

What kind of housing town is Craig?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 4.3 years of income

About the same as across Alaska. Try your own numbers below.

You could afford about
$284,000
Typical Craig home $290K

That’s $5K short of a typical Craig home.

The typical home, each month
$1,620
Loan $1,430Tax $100Insurance $80

A two-bedroom rents for about $1,180 a month here, $440 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Craig’s typical property tax (0.41% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,180

Renters already here pay a median of $1,137.

Fair Market Rent a month, utilities included

Studio$850
1 bedroom$1,050
2 bedrooms$1,180
3 bedrooms$1,500
4 bedrooms$1,940
30%
of households rent · AK 33%
144
renter households
41%
of renters spend 30%+ of income on rent · AK 45%
21%
of the median income, for a two-bedroom
$1,137
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Prince of Wales-Hyder Census Area, AK): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

New construction

No new homes permitted in 2025

No permits for new homes were issued in Craig in 2025. The last year with any was 2024 (2 new homes).

Single-family2+ homes per building
051015 200020052010201520202025
0
new homes permitted in 2025
0
2026 so far (Jan–Aug)
45
homes in the past 10 years
Homes vs. people, 2010–2020
Residents−165
New homes+50

Between the 2010 and 2020 censuses, Craig's population fell by 165 even though 50 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Alaska: 1.8 new residents per new home.

Every year as a table
YearNew homesSingle-family2+ per buildingValue
2026 (Jan–Aug)000—
2025000—
2024220$719,000
2023220$764,000
2022660$2 million
2021000—
2020000—
2019936$1.9 million
2018312$630,000
201715312$2.9 million
2016835$1.6 million
2015202$355,000
2014422$854,000
2013330$744,000
2012000—
2011220$441,000
2010422$707,000
2009624$1.1 million
2008330$659,000
200711110$1.3 million
2006532$777,000
2005330$511,000
2004770$1.1 million
2003000—
2002220$130,000
2001000—
2000110$129,000

Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.

The homes

70% of Craig households own their home

Half of Craig’s homes were built before 1983.

Owners and renters
Own 70%Rent 30%

Alaska: 67% own.

1983
typical home built · AK 1986
$1,180
median property tax bill · AK $3,901
0.41%
of a home’s value, a year in tax · AK 1.11%
7%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Craig buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Craig still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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