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Advertise here →Mill Bay, AK · Market Data
Mill Bay, Alaska real estate market data.
Real estate market data for Mill Bay, AK (Kodiak Island Borough) — Census median home value $430,600, county listing prices down about 4.7% over the past year.
Mill Bay, AK is in Kodiak Island Borough, Alaska — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,541, with a median household income of $94,359. Census data puts Mill Bay's median home value at $430,600.
At a glance
Mill Bay market snapshot
Population
3,541
Median Household Income
$94,359
Median Home Value (city)
$430,600
Median Gross Rent
$2,777/mo
Price Trend (YoY)
-4.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Mill Bay different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Mill Bay's median home value — across all owner-occupied homes, not just recent sales — at $430,600.
County Price Trend
Kodiak Island Borough's FHFA house price index shows a -4.7% annual change in 2025.
Population & Income
Mill Bay has an estimated population of 3,541 and a median household income of $94,359, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Mill Bay's Census-reported median home value works out to about 4.6x the area's median household income, and median gross rent runs roughly 35% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Mill Bay FAQ
What are home values like in Mill Bay, AK?
The Census Bureau's American Community Survey puts Mill Bay's median home value at $430,600.
What is the population of Mill Bay, AK?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Mill Bay's population at approximately 3,541.
What's the median rent in Mill Bay, AK?
The Census ACS estimates median gross rent in Mill Bay at approximately $2,777 per month.
What is the median household income in Mill Bay, AK?
Census ACS data puts the median household income in Mill Bay at approximately $94,359.
Is the Mill Bay housing market growing?
Kodiak Island Borough's FHFA house price index shows a -4.7% annual change in 2025.
Is Mill Bay, AK affordable relative to income?
Census ACS data puts Mill Bay's median home value at about 4.6 times the median household income, with median gross rent equal to roughly 35% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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