HUD Median Income


Young family
2013 HUD Median Income for Alaska.
Median household income is used for a variety of reasons, including determining eligibility for low to moderate mortgage loans; also known as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special mortgage that is partially dependent on the household median income (i.e. Home Possible mortgage and the My Community Mortgage).

If you’re seeking a mortgage and your household income is at or below the amounts listed below, mention this to the banker or broker. The benefit may be a lower down payment, closing cost assistance, grant money, lower interest rate or lower mip/pmi.

The U.S. Census Bureau defines median household income as follows:

“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”.


2012 - 2013 HUD median income limits for Alaska counties and boroughs

You can verify the HUD limits with eFannieMae. This link > DATA SET will lead you to HUD MSA incomes for one to eight family incomes. Scroll to the bottom of the page and click on the state. A new window will open in your browser.
Alaska County MSA 2013 HUD Area Income
ALEUTIANS EAST BOROUGH, AKNON METRO AREA71,100
ALEUTIANS WEST CENSUS AREA, AKNON METRO AREA83,900
ANCHORAGE BOROUGH, AKAnchorage, AK85,200
BETHEL CENSUS AREA, AKNON METRO AREA71,100
BRISTOL BAY BOROUGH, AKNON METRO AREA79,300
DENALI BOROUGH, AKNON METRO AREA97,800
DILLINGHAM CENSUS AREA, AKNON METRO AREA71,100
FAIRBANKS NORTH STAR BOROUGH, AKFairbanks, AK92,900
HAINES BOROUGH, AKNON METRO AREA71,100
Hoonah-Angoon Census Area, AKNON METRO AREA71,100
JUNEAU BOROUGH, AKNON METRO AREA94,200
KENAI PENINSULA BOROUGH, AKNON METRO AREA74,400
KETCHIKAN GATEWAY BOROUGH, AKNON METRO AREA78,000
KODIAK ISLAND BOROUGH, AKNON METRO AREA71,100
LAKE AND PENINSULA BOROUGH, AKNON METRO AREA71,100
MATANUSKA-SUSITNA BOROUGH, AKAnchorage, AK85,200
NOME CENSUS AREA, AKNON METRO AREA71,100
NORTH SLOPE BOROUGH, AKNON METRO AREA72,900
NORTHWEST ARCTIC BOROUGH, AKNON METRO AREA71,100
Petersburg Census Area, AKNON METRO AREA79,700
Prince of Wales-Hyder Census Area, AKNON METRO AREA71,100
SITKA BOROUGH, AKNON METRO AREA75,700
Skagway Municipality, AKNON METRO AREA88,400
SOUTHEAST FAIRBANKS CENSUS AREA, AKNON METRO AREA71,100
VALDEZ-CORDOVA CENSUS AREA, AKNON METRO AREA73,900
WADE HAMPTON CENSUS AREA, AKNON METRO AREA71,100
Wrangell City and Borough, AKNON METRO AREA71,100
YAKUTAT BOROUGH, AKNON METRO AREA89,900
YUKON-KOYUKUK CENSUS AREA, AKNON METRO AREA71,100