43Alpha

Kenai Peninsula Borough, AK Housing Market Brief

county · AK · score computed October 2026

Balanced

What is Kenai Peninsula Borough, AK’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●59
Inventory Health25%
●48

Population band 4 of 5 (population 39,232–102,612) · comparable within its band

Affordability20%
●18
Economic Strength20%
●64
Rental Yield15%
●20

Where is Kenai Peninsula Borough, AK in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Kenai Peninsula Borough, AK is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Kenai Peninsula Borough, AK?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Kenai Peninsula Borough, AK housing market data

MetricValueYoYSource
Median Sale Price$364K▲ +4.1%Redfin
Median Days on Market26 days▼ -35%Redfin
Months of Supply5.1▲ +54.6%Redfin
Homes for Sale392▲ +25.2%Redfin
Homes Sold77▼ -18.9%Redfin
Median Price / Sq Ft$256▼ -1.5%Redfin

How has Kenai Peninsula Borough, AK’s Alpha Score moved?

Now: 43
2-period trend
Median sale price · 12 mo

Markets like Kenai Peninsula Borough, AK

Frequently asked questions

Is Kenai Peninsula Borough, AK a buyer's or seller's market?

In the scores computed October 2026, Kenai Peninsula Borough, AK is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Kenai Peninsula Borough, AK?

The median sale price in Kenai Peninsula Borough, AK is $364K, having risen 4.1% over the past year, according to Redfin.

How affordable is Kenai Peninsula Borough, AK?

Kenai Peninsula Borough, AK scores 18 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Kenai Peninsula Borough, AK's Alpha Score?

Kenai Peninsula Borough, AK's strongest dimension is Economic Strength (64/100) and its weakest is Affordability (18/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Kenai Peninsula Borough, AK? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.