44Alpha

Kenai Peninsula Borough, AK Housing Market Brief

county · AK · as of August 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%
-23.148
Inventory Health25%
-8.830
Affordability20%
+10.232
Economic Strength20%
64
Rental Yield15%
+13.050

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?

Our model forecasts Kenai Peninsula Borough, AK’s home prices to decline about 4.7% over the next 12 months (medium confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Kenai Peninsula Borough, AK housing market data

MetricValueYoY
Median Sale Price$388K▲ +4.1%
Median Days on Market17 days▲ +6.3%
Months of Supply5.0-5.7%
Homes for Sale439▲ +25.8%
Homes Sold91▲ +33.8%
Median Price / Sq Ft$270▲ +15.3%

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

Now: 44
12-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?

As of August 2026, Kenai Peninsula Borough, AK is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, inventory, 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 $388K, having risen 4.1% over the past year.

How affordable is Kenai Peninsula Borough, AK?

Kenai Peninsula Borough, AK scores 32 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 Inventory Health (30/100). 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.