Diamond Ridge, AK housing market
The typical Diamond Ridge home is worth about $361,000, up 10.3% in a year, 9% below the Alaska typical home.
Home values, sales, trends and how Diamond Ridge compares with the towns next door — updated as new data is published.
Diamond Ridge at a glance
Typical home value, 2016–2026
Show as a table
| January | Diamond Ridge | Alaska |
|---|---|---|
| 2017 | $221,000 | $285,000 |
| 2018 | $227,000 | $289,000 |
| 2019 | $241,000 | $292,000 |
| 2020 | $262,000 | $317,000 |
| 2021 | $290,000 | $325,000 |
| 2022 | $318,000 | $349,000 |
| 2023 | $326,000 | $359,000 |
| 2024 | $313,000 | $362,000 |
| 2025 | $323,000 | $373,000 |
| 2026 | $346,000 | $387,000 |
| August 2026 | $361,000 | $399,000 |
Diamond Ridge and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Diamond Ridge | $361K | +10.3% | $1,400 | — | $87,500 |
| Anchor Point | $266K | +4.8% | $1,290 | — | $63,000 |
| Fritz Creek | — | −2.1%† | $1,410 | — | $89,531 |
| Homer | $432K | +10% | $1,410 | 81 | $74,449 |
| Kachemak | $531K | +9.4% | $1,410 | — | $76,750 |
† FHFA price index change, where Zillow has no home value for the town.
4.1 years of income
The typical Diamond Ridge home costs about 4.1 years of the town's median household income, about the same as across Alaska (4.3).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,400
HUD's Fair Market Rent for a two-bedroom in Diamond Ridge is $1,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Diamond Ridge pay a median of $1,273. A two-bedroom takes about 19% of the town's median household income.
Studio $1,070 · 4 bedrooms $2,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99556, 99603; Kenai Peninsula Borough, AK), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.