Kodiak, AK

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Kodiak short-term rental market based on reliable data.

Listings

92 / 196

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$25,796

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$450,817

Median Home Sale Price

Top Earners

$45,484

Top-Earners Revenue

Kodiak

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Kodiak.

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B

Generally Investor friendly

Kodiak Regulations

STRs are permitted citywide; investors only need a state business license and Borough transient accommodations tax registration (5% bed tax), with moderate paperwork and clear process. The Assembly is studying a licensing and cap regime, creating uncertainty, but no caps or burdensome rules are in force yet, and the Borough’s tone toward tourism remains supportive.

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About Kodiak

Kodiak sits on the northeastern coast of Kodiak Island in southern Alaska, serving as the borough seat of the Kodiak Island Borough. The city has a population of roughly 6,000 residents and carries the working energy of a busy fishing port, where commercial boats, seafood processors, and a small downtown core cluster around St. Paul Harbor. The community is best known as the gateway to the Kodiak National Wildlife Refuge, one of the largest wildlife refuges in the United States and home to the famed Kodiak brown bear, as well as for its deep-rooted Alutiiq and Russian-American heritage. Reaching Kodiak from the nearest major city, Anchorage, requires either a flight of about 250 miles to the southwest or a longer ferry journey down the Alaska coast.

Just outside the city, Fort Abercrombie State Historical Park preserves a World War II-era coastal defense installation set among towering spruce and dramatic ocean cliffs. The park, roughly a fifteen-minute drive from downtown, includes old military bunkers, scenic overlooks, and several miles of forest and shoreline trails, offering visitors an easy way to experience the wild coastal landscape without venturing far from town.

The Alutiiq Museum in downtown Kodiak showcases the culture, art, and history of the Alutiiq people, the Indigenous inhabitants of the Kodiak Archipelago for thousands of years. The museum's collection includes traditional masks, kayaks, beadwork, and archaeological finds, giving travelers a grounded sense of place that extends well beyond the natural scenery.

Down at the harbor, the Baranov Museum, housed in the 1808-era Erskine House—one of the oldest Russian-built structures in North America—explores the period when Kodiak served as an early capital of Russian America and a hub of the fur trade. A short walk from the waterfront, the museum offers a quiet counterpoint to the fishing boats and cannery bustle outside, and ties together the layered history that shaped the island.

For short-term rental operators, Kodiak's appeal lies in the unusual combination of remote wilderness and accessible infrastructure. Visitors come primarily for sport fishing, bear viewing, and hunting expeditions, all of which fill the summer calendar; smaller waves of travelers arrive for commercial fishing work, military duties at the nearby Coast Guard base, or off-season visits drawn by storm watching, hiking, and the area's dramatic coastal scenery. The relative scarcity of chain hotels, combined with steady seasonal demand from outdoors-oriented travelers who want an independent base, creates a comfortable niche for vacation rentals that can serve as both a launching point for guided adventures and a quiet retreat in one of Alaska's most distinctive island communities.

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