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Mill Bay, AK
Full City Profile · Alaska · Kodiak Island Borough County
3.5
/5.0
B+
Good
3,541
Population
1,029/sq mi density
$94,359
Median Income
$51,428 per capita
$430,600
Home Value
$435,931 Zillow
$2,777
Median Rent
25.9% income on rent
42°F
Avg Temperature
166 sunny days/yr
647
Violent Crime/100K
4,157 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$94,359 median income, 0.6% unemployment
A
Affordability
4.1 / 5.0
$430,600 home value, $2,777/mo rent
F
Safety
1.0 / 5.0
647 violent crimes/100K (70% above avg)
B+
Education
3.9 / 5.0
36.4% bachelor's degree or higher
Housing Overview
Median Home Value
$430,600
53% above
US avg: $281,900
Median Rent
$2,777/mo
139% above
US avg: $1,163/mo
Homeownership Rate
85.0%
30% above US avg (65.4%)
Total Housing Units
1,664
Median year built: 1999
Home Value by Source
Census Median
$430,600
Zillow (ZHVI)
$435,931
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.0%
Owner-Occupied
15.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,061/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,467/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,304/mo
Census median rent:
$2,777/mo
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
85.0%
Complete Housing Data
Home Values
| Census Median Value | $430,600 |
| Zillow Home Value (ZHVI) | $435,931 |
Rent
| Census Median Rent | $2,777 |
| FMR Studio | $1,061 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,467 |
| FMR 3-Bedroom | $1,941 |
| FMR 4-Bedroom | $2,304 |
Market
Ownership & Stock
| Owner-Occupied | 85.0% |
| Renter-Occupied | 15.0% |
| Homeownership Rate | 85.0% |
| Total Housing Units | 1,664 |
| Median Year Built | 1999 |
| Rent Burden | 25.9% |