RentData

Average Rent in Valdez, AK↑ Rents rising 2.6% YoY🔻 4th cheapest in AK

HUD FY2022 · Official government data · Updated annually · Metro pop. 9,440

Data review: HUD FY2022Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction
⚠️ Data notice: The most recent HUD data available for this area is FY2022. HUD may have reclassified this metro — figures may not reflect current market conditions.

Market Overview

Valdez, AK has rental prices ranging from $764/month to $1,968/month in 2022, depending on unit size. The typical 1-bedroom apartment rents for $987/month — 29% below the national average of $1,400/month.

How Valdez Compares

With an average 2-bedroom rent of $1,150/month, Valdez ranks #31 most expensive of the 34 cities tracked in Alaska — pricier than 70% of all US cities in our data.

The Valdez Rental Market

The Valdez, AK area has a population of about 9,440.

Rent Trends

2-bedroom rents in Valdez, AK have risen by $29/month (2.6%) over the past year, from $1,121 to $1,150. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Rent vs. Buy

The median home value in Valdez, AK is $354,508, giving a price-to-rent ratio of 25.7. With a break-even horizon of approximately 26 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2022
Studio
$764
1 Bedroom
$987
2 Bedrooms
$1,150
↑2.6% YoY
3 Bedrooms
$1,422
4 Bedrooms
$1,968
🔔
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Median Home Value
$354,508
Source: Zillow ZHVI
Est. monthly payment
$1,887/mo
20% down · 30yr · 7%

Is Valdez, 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
$46,000/year
National median income: $75,000 (no local data)
To buy a median home
$75,474/year
US national median: $75,000
💡 Based on a 2BR rent of $1,150/month and 20% down on a $354,508 home at 7% rate.

Nearby Cities in AKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Anchorage$1,095$1,169$1,529$2,117—
Matanuska$929$988$1,293$1,790—
Fairbanks$1,081$1,187$1,553$2,150—
Kenai Peninsula Borough$1,056$1,063$1,390$1,925—
Juneau City and Borough$1,258$1,381$1,807$2,379—
Bethel Census$1,738$1,811$1,971$2,348—

Rent or Buy in Valdez?

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

Should I Rent or Buy?

Break-even analysis using real Valdez data

$
Home Value
$354,508
2BR Rent
$1,150/mo
Mortgage Rate
7%
Monthly P&I
$1,887/mo
🏠 Buy

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

Total monthly buy cost: $2,611/movs rent: $1,150/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $354,508 home at 7% rate

20% — $70,902
3%50%
Estimated Monthly Payment
$1,887
per month · 30 years · 7% APR
Loan Amount
$283,606
Total Paid
$679,263
Total Interest
$395,657
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Valdez

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Valdez

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Valdez

Is it cheaper to rent or buy here?

🗺️All Cities in AK

See how Valdez ranks statewide

⚖️Compare Valdez

Side-by-side rent & cost of living with any city

📋AK Tenant Rights

Deposit limits, eviction laws & renters protections