Is Kenai Peninsula Borough, AK good for real estate investing?

Kenai Peninsula Borough has an investment score of 67/100, rated as "Buy". The county ranks #167 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Kenai Peninsula Borough?

The rent-to-price ratio in Kenai Peninsula Borough is 6.19% annually, which ranks in the 57th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Kenai Peninsula Borough?

The median home price in Kenai Peninsula Borough is $335,456. This ranks #737 in affordability among all US counties.

Can you cash flow on rental properties in Kenai Peninsula Borough?

Based on median values with 20% down at current rates, a typical rental in Kenai Peninsula Borough would generate negative cash flow of $634/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Kenai Peninsula Borough

AlaskaPopulation: 59,235

/100

Hold

#167 of 1,000 counties

#3 in Alaska (14 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$335,456

Median Home Price

44% above national median

$1,731/mo

Median Rent

15% above national median

6.19%

Rent-to-Price Ratio

Top 43% nationally

-$634

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Scenario comparison

Same $1,731/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.

Scenario	Purchase price	Monthly cash flow	Cap rate	Cash-on-cash
75% of median value-add or distressed	$251,592	-$194/mo	5.4%	-4.0%
Median typical MLS deal	$335,456	-$634/mo	4.0%	-9.9%
125% of median newer / premium	$419,320	-$1,073/mo	3.2%	-13.3%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$335,456

Down Payment (20%)$67,091

Loan Amount$268,365

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,731

Monthly P&I-$1,758

Est. Expenses (35%)-$606

Net Cash Flow-$634/mo

4.0%

Cap Rate (all cash)

-9.9%

Cash-on-Cash Return

6.19%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

67/100

Cash Flow(30%)

62/100

Based on 6.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

91/100

Based on 6.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

64/100

Price-to-income ratio of 4.4x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Strong price appreciation (+6.7% YoY)
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$634/mo)
-Negative leverage (cap rate 4.0% < mortgage rate 6.9%)

Economic Indicators

Population

59,235

Median Income

$76,272

vs $57,059 national est.

Unemployment Rate

—

Data pending

Price-to-Income

4.4x

Moderately affordable

Who this market fits

Best for

+Appreciation buyers: YoY growth is meaningfully above the long-run average
+Patient holders willing to accept negative carry for equity gains
+All-cash buyers: removing debt service flips the cap rate to actual yield

Skip if

−You need positive cash flow on day one at typical leverage
−You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

County					Verdict
CurrentKenai Peninsula BoroughAK	67	$335,456	$1,731	6.19%	Buy
Ketchikan Gateway BoroughAK	67	$381,504	Est. pending	—	Buy	View
Valdez Cordova BoroughAK	66	$312,829	Est. pending	—	Buy	View
Petersburg BoroughAK	66	$358,280	Est. pending	—	Buy	View
Wrangell BoroughAK	66	$288,171	Est. pending	—	Buy	View
Haines BoroughAK	66	$324,103	Est. pending	—	Buy	View

The Bottom Line

HoldKenai Peninsula Borough scores well overall, but a typical leveraged buy-and-hold loses $634/mo at current rates. Consider house hacking, value-add, or all-cash; otherwise a worse score with positive cash flow may be the better deal.

Kenai Peninsula Borough in Alaska scores 67/100, ranking #167 of 1,000 US counties (top 22%). At 20% down and current rates, a median-priced rental loses about $634/month; the 6.19% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow

$-634/mo

Cap Rate

4.0%

Cash-on-Cash

-9.9%

Related markets

Cheaper alternatives to Kenai Peninsula Borough

Head-to-head comparisons

All counties in Alaska →

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Scenario comparison

Same $1,731/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.

Scenario	Purchase price	Monthly cash flow	Cap rate	Cash-on-cash
75% of median value-add or distressed	$251,592	-$194/mo	5.4%	-4.0%
Median typical MLS deal	$335,456	-$634/mo	4.0%	-9.9%
125% of median newer / premium	$419,320	-$1,073/mo	3.2%	-13.3%

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$335,456

Down Payment (20%)$67,091

Loan Amount$268,365

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,731

Monthly P&I-$1,758

Est. Expenses (35%)-$606

Net Cash Flow-$634/mo

4.0%

Cap Rate (all cash)

-9.9%

Cash-on-Cash Return

6.19%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

67/100

Cash Flow(30%)

62/100

Based on 6.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

91/100

Based on 6.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

64/100

Price-to-income ratio of 4.4x. Lower ratios indicate more affordable markets.

Who this market fits

Best for

+Appreciation buyers: YoY growth is meaningfully above the long-run average
+Patient holders willing to accept negative carry for equity gains
+All-cash buyers: removing debt service flips the cap rate to actual yield

Skip if

−You need positive cash flow on day one at typical leverage
−You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

County					Verdict
CurrentKenai Peninsula BoroughAK	67	$335,456	$1,731	6.19%	Buy
Ketchikan Gateway BoroughAK	67	$381,504	Est. pending	—	Buy	View
Valdez Cordova BoroughAK	66	$312,829	Est. pending	—	Buy	View
Petersburg BoroughAK	66	$358,280	Est. pending	—	Buy	View
Wrangell BoroughAK	66	$288,171	Est. pending	—	Buy	View
Haines BoroughAK	66	$324,103	Est. pending	—	Buy	View

The Bottom Line

Monthly Cash Flow

$-634/mo

Cap Rate

4.0%

Cash-on-Cash

-9.9%