Special Interest
Housing in Kenai Peninsula Borough
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Kenai Peninsula Borough averages $1,184/month for a 2‑bedroom in 2024, compared to the Alaska median of $1,419 and the national median of $1,413. Local renters spend approximately 28% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Kenai Peninsula Borough FMR Area are $1,065 for a studio, $1,072 for 1‑bedroom, $1,407 for 2‑bedroom, $1,957 for 3‑bedroom, and $2,360 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $223 increase for a 2-bedroom in Kenai Peninsula Borough shows a 19% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Kenai Peninsula Borough was 5.3% in 2024, compared to Alaska at 4.6% and the national rate of 4.0%.
