Alaska

Kenai Peninsula Borough

59,843 residents198 permits TTM$77,722 median HHI15 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$297,500

ACS 5-Year

Cap rate proxy

4.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.0%

HUD FMR ÷ ACS HHI

Net migration

+0.80%

IRS SOI

Permits (TTM)

198

Census BPS

Climate risk

93.0

FEMA NRI (0–100)

ZIP code breakdown15 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
99556$241,530$1,3126.5%5.8%11.4%
99568$297,500county est.$1,3125.3%4.7%11.4%
99572$297,500county est.$1,3125.3%4.7%11.4%
99603$388,042$1,3124.1%3.6%11.4%
99605$297,500county est.$1,3125.3%4.7%11.4%

Ranked by composite score

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Demographics

Owner-occupied

76.8%

Census ACS

Vacancy rate

26.9%

Census ACS

Bachelor's degree +

29.4%

Census ACS

Rent burdened

41.8%

Census ACS (>30% income)

Median age

41.5

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026