RentData

Average Rent in Hoonah, AK Rents rising 8.6% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 2,313

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Hoonah, AK has rental prices ranging from $989/month to $1,913/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,100/month — 21% below the national average of $1,400/month. With a median household income of $62,500/year, spending $1,100/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Hoonah Compares

With an average 2-bedroom rent of $1,443/month, Hoonah ranks #15 most expensive of the 34 cities tracked in Alaska — pricier than 91% of all US cities in our data.

The Hoonah Rental Market

The Hoonah, AK area has a population of about 2,313 and 28% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Hoonah, AK have risen by $114/month (8.6%) over the past year, from $1,329 to $1,443. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Hoonah, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $44,000. The local median household income of $62,500 exceeds that threshold by $18,500, making Hoonah relatively accessible compared to local wages.

Fair Market Rents

HUD FY2025
Studio
$989
Affordable
1 Bedroom
$1,100
Affordable
2 Bedrooms
$1,443
8.6% YoY
Affordable
3 Bedrooms
$1,739
Average
4 Bedrooms
$1,913
Average
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Is Hoonah, AK Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$57,720/year
Local median income: $62,500
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,443/month and 20% down on a home at 7% rate.

Nearby Cities in AKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Anchorage$1,089$1,191$1,563$2,190
Matanuska$1,019$1,055$1,384$1,939
Fairbanks$1,144$1,272$1,669$2,339
Kenai Peninsula Borough$943$949$1,245$1,745
Juneau City and Borough$1,202$1,336$1,753$2,456
Bethel Census$1,640$1,650$1,900$2,289

Rent or Buy in Hoonah?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Hoonah data

$
Home Value
$350,000
2BR Rent
$1,443/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,443/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Hoonah

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Frequently Asked Questions

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🏘️Neighborhoods in Hoonah

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💵Rent Affordability in Hoonah

Salary needed to afford rent here

🗺️All Cities in AK

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📋AK Tenant Rights

Deposit limits, eviction laws & renters protections