$ PlainPropertyTax

Hoonah-Angoon Census Area, AK

Rent vs Own in Hoonah-Angoon Census Area, Alaska

In Hoonah-Angoon Census Area the ownership stack ($1,500/mo) sits only modestly above HUD's $1,460/mo 2-bedroom rent, a thin premium, not a blowout. Small assumption changes in the calculator can flip the verdict. Owner-occupied homes: 665.

🏘️
Renting is cheaper in Hoonah-Angoon Census Area

HUD's 2-bedroom rent is $1,460/mo - only a thin step below the $1,500/mo ownership stack. That is a $40/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Hoonah-Angoon Census Area

Primary driver

The tax rate is a national tailwind

Hoonah-Angoon Census Area's 0.43% effective rate is among the lowest of 3,135 tracked counties: roughly 91% pay a higher rate. That low tax line is one reason owning can compete here.

Decision signal 2

Price and income sit in the middle band

Median household income is $61,406, for a 4.3x home-price-to-income ratio in the middle of the national distribution; property tax takes 1.8% of that income. Small changes in down payment or rate move this county across the rent-vs-own line more than they would in a high-ratio market.

Decision signal 3

The county sits near the state middle

Using the assumptions above, Hoonah-Angoon Census Area ranks 10 of 28 Alaska counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 18 other Alaska counties on this measure.

Decision signal 4

HUD moved the rent benchmark up

HUD raised its 2-bedroom Fair Market Rent for Hoonah-Angoon Census Area from $1,443/mo in FY2025 to $1,460/mo in FY2026: it increased by $17/mo (+1.2%). A rising rent benchmark widens the gap in favour of owning over time, because the mortgage share of the ownership cost below is fixed at origination while the rent it is compared against reprices every year.

Decision signal 5

Renting wins, but only by a thin premium

At $262,800 for the median home and $1,136/yr in tax (0.43%), Hoonah-Angoon Census Area's ownership stack (~$1,500/mo) only narrowly exceeds the $1,460/mo HUD 2-bedroom rent - a $40/mo premium. That is the band where a rate drop or a larger down payment most often flips the cash-flow verdict.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$1,500
Mortgage (P&I) $1,329
Property Tax $95
Insurance (est.) $77
Monthly Rent (2-BR FMR)
$1,460
Studio$1,007
1-Bedroom$1,113
2-Bedroom$1,460
3-Bedroom$1,751
4-Bedroom$1,933

Adjust Your Scenario

Affordability Context

Median Household Income
$61,406
$5,117/mo
Home Price / Income
4.3x
Moderate (3-5x)
Tax-to-Income Ratio
1.8%
National benchmark: 2-4%

Who actually pays it here

In Hoonah-Angoon Census Area, once the mortgage ends staying put is close to free: the largest cluster of debt-free households faces a yearly charge under $800, so insurance and upkeep, not the tax office, set what the home costs to keep.

Layered on a thin rent-vs-own premium, that annual bill is often the swing factor: a paid-off owner still faces a real yearly charge even when the mortgage payment itself would have looked competitive.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Anchorage Municipality
Home: $395,900 Tax: $4,982/yr
Matanuska-Susitna Borough
Home: $346,600 Tax: $3,685/yr
Fairbanks North Star Borough
Home: $298,200 Tax: $3,550/yr
Kenai Peninsula Borough
Home: $323,200 Tax: $2,049/yr
Juneau City and Borough
Home: $449,300 Tax: $4,251/yr
Ketchikan Gateway Borough
Home: $393,300 Tax: $2,619/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Hoonah-Angoon Census Area, Alaska? ▼
HUD's 2-bedroom rent is only a thin step cheaper than owning in Hoonah-Angoon Census Area (about $40/mo) on the standard 20%-down / 6.5% assumptions. A larger down payment or a rate drop often closes it; equity is still the ownership-only bonus.
What is the average rent in Hoonah-Angoon Census Area? ▼
HUD prices a 2-bedroom unit at $1,460/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $926/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How much house can you afford in Hoonah-Angoon Census Area? ▼
On the common 3x-income guideline, a $61,406 household here can afford up to $184,218 -- about $78,582 short of this county's $262,800 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
What is the median home price in Hoonah-Angoon Census Area? ▼
$262,800, per the Census Bureau's ACS 5-Year Estimates. What stands out more than the price itself is the tax load on it: this county's 0.43% effective rate sits near the low end of the 3,135 counties tracked here.
How does Hoonah-Angoon Census Area compare to other Alaska counties for renting vs buying? ▼
Out of 28 Alaska counties ranked here on buy-vs-rent value, Hoonah-Angoon Census Area lands at spot 10, roughly in the middle of the pack statewide. The <a href="/states/alaska">Alaska state page</a> lists every peer county's tax bill beside this one.
Is rent going up or down in Hoonah-Angoon Census Area? ▼
HUD's 2-bedroom Fair Market Rent figure has risen 1.2% between the FY2025 and FY2026 publications, the two most recent years tracked here.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

Verify with HUD →