Housing

Alabama vs Alaska: Home Value to Income Ratio

Alabama has a lower home value to income ratio than Alaska.

Alabama

AL · South

Winner

3.18x

Median home value divided by median household income.

Alaska

AK · West

3.66x

Median home value divided by median household income.

Visual comparison

Alabama3.18x

Alaska3.66x

Difference: 0.48x — Alabama leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

Alabama #16 · 3.18x

Alaska #22 · 3.66x

Best Worst

10 Best States — Home Value to Income Ratio

Lower is better

West Virginia

2.38x

Iowa

2.46x

Kansas

2.78x

Mississippi

2.87x

Ohio

2.93x

Nebraska

2.94x

Arkansas

2.96x

Kentucky

2.97x

North Dakota

2.98x

#10

Indiana

3.00x

Selected states

#16

Alabama

3.18x

#22

Alaska

3.66x

Alabama ranks 16th and Alaska ranks 22nd nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricAlabamaAlaska

Median Home Value $174,600 $316,400 Median Household Income $54,943 $86,533 Property Tax Rate 0.38% 1.11% Rent-to-Income Ratio 20.2% 18.7%

What this means