Kenai Peninsula Borough, AK Housing Market
$351,179
7.5% 1-yrThe average Kenai Peninsula Borough, AK home value is $351,179, up 7.5% over the past year, and homes go to pending in around 21 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Kenai Peninsula Borough Key Takeaways
Typical Home Values: $351,179
1-Year Value Change: +7.5%
(Data through August 31, 2026)
Kenai Peninsula Borough Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Drift River
- NameMedian ZHVI
- Sand Lake$453,247
- Bayshore-Klatt$510,778
- Turnagain$441,814
- Old Seward-Oceanview$461,143
- Spenard$327,762
- Taku-Campbell$347,644
- Huffman-O'Malley$632,260
- Rabbit Creek$814,724
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Kenai Peninsula Borough Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Kenai Peninsula Borough, AK?
The median home value in Kenai Peninsula Borough, AK is $351,179 as of August 2026. This represents a 0.2% increase compared to last month and a 7.5% increase year-over-year.
How do home values in Kenai Peninsula Borough, AK compare to Alaska and the national average?
The median home value in Kenai Peninsula Borough, AK ($351,179) compares to Alaska ($398,663) and the U.S. national median ($368,697).
What are the top cities in Kenai Peninsula Borough, AK by home value?
The cities with the highest median home values in Kenai Peninsula Borough, AK include: Kachemak City ($535,316), Cooper Landing ($493,019), Homer ($431,732), Seward ($399,929), Soldotna ($371,581). These cities represent the most expensive areas within the county.
