Housing data for Diamond Ridge, AK
Diamond Ridge, AK has an estimated 1,329 residents and 709 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Kenai Peninsula Borough.
9.1% of households rent.
The median gross rent is $1,273 a month.
Figures last updated on .
- Residents
- 1,329 (±194)
- Housing units
- 709 (±61)
- Households that rent
- 9.1%
- Median gross rent
- $1,273
- Residents since 2015–2019
- +6.7%
What stands out in Diamond Ridge
Homes heated by fuel oil: 52.1% (±7.8 points) in Diamond Ridge, higher than in Kenai Peninsula Borough (23.6%).
Households that rent: 9.1% (±4.5 points) in Diamond Ridge, lower than in Kenai Peninsula Borough (23.0%).
Working from home: 17.9% (±6.3 points) in Diamond Ridge, higher than in Kenai Peninsula Borough (10.5%).
Households that moved in since 2020: 13.2% (±4.5 points) in Diamond Ridge, lower than in Kenai Peninsula Borough (21.2%).
Housing in Diamond Ridge at a glance
- Median rent: $1,273 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms (Small sample: wide margin of error)
- Rent burden: 52.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 9.1% of households rent (Small sample: wide margin of error)
- Income and affordability: $87,500 median household income
- Home values: $344,400 median home value
- Homeowner costs: $2,061 median monthly cost with a mortgage
- Property taxes: $2,567 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 46.0% of homes have 3 or more bedrooms
- Age of homes: 23.6% of homes were built before 1980
- Vacancy rate: 10.7% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 52.1% heat with fuel oil or kerosene
- Commute and cars: 23.0 minutes average trip to work
- Growth: +6.7% residents since 2015–2019
- How long people stay: 13.2% moved in since 2020
- Crowding and facilities: 5.7% of homes have more than 1 person per room (Small sample: wide margin of error)
Diamond Ridge against Kenai Peninsula Borough, its state and the nation
| Diamond Ridge | Kenai Peninsula Borough | Alaska | United States | |
|---|---|---|---|---|
| Residents | 1,329 (±194) | 60,413 (exact) | 735,706 (exact) | 334,922,499 |
| Housing units | 709 (±61) | 32,836 (±102) | 328,491 (±442) | 143,775,355 |
| Households that rent | 9.1% (±4.5 points) | 23.0% (±1.6 points) | 33.2% (±0.7 points) | 34.8% |
| Median gross rent | $1,273 (±$324) | $1,184 (±$52) | $1,419 (±$23) | $1,413 |
| Median household income | $87,500 (±$17,394) | $80,538 (±$5,216) | $92,788 (±$1,232) | $80,734 |
| Median home value | $344,400 (±$38,993) | $323,200 (±$8,421) | $352,900 (±$3,735) | $332,700 |
| Median real estate taxes (a year) | $2,567 (±$331) | $2,049 (±$115) | $3,901 (±$70) | $3,119 |
| Built before 1980 | 23.6% (±5.7 points) | 26.9% (±1.6 points) | 36.9% (±0.7 points) | 49.7% |
| Average commute | 23.0 minutes (±3.8) | 20.7 minutes (±1.4) | 19.4 minutes (±0.3) | 26.4 minutes |
| Households with broadband | 90.5% (±5.1 points) | 89.3% (±1.3 points) | 91.9% (±0.4 points) | 91.0% |
| Median age of residents | 41.5 years (±2.2) | 41.4 years (±0.4) | 35.8 years (±0.1) | 38.9 years |
Diamond Ridge covers 42.4 square miles of land, about 31 residents per square mile (Census Bureau Gazetteer).
How Diamond Ridge has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,245 (±141) | 1,329 (±194) | +6.7% | Not a measurable change |
| Housing units | 650 (±38) | 709 (±61) | +9.1% | Not a measurable change |
| Median gross rent | $1,174 (±$118) | $1,273 (±$324) | +8.4% | No measurable change after inflation |
| Median home value | $291,800 (±$21,233) | $344,400 (±$38,993) | +18.0% | No measurable change after inflation |
| Median household income | $96,406 (±$10,978) | $87,500 (±$17,394) | −9.2% | Down after inflation |
| Median owner cost with a mortgage | $1,760 (±$125) | $2,061 (±$218) | +17.1% | No measurable change after inflation |
| Median real estate taxes | $1,875 (±$144) | $2,567 (±$331) | +36.9% | No measurable change after inflation |
| Households that rent | 16.4% (±4.6 points) | 9.1% (±4.5 points) | −7.3 percentage points | Measurable decrease |
| Rental vacancy rate | 3.5% (±4.8 points) | 10.7% (±10.9 points) | +7.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Diamond Ridge
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Homer | 4.1 mi | $1,238 | $388,400 | 34.0% |
| Kachemak | 4.6 mi | $1,185 | $450,000 | 24.3% |
| Anchor Point | 5.8 mi | $1,120 | $241,600 | 19.3% |
| Fritz Creek | 9.8 mi | $1,125 | $344,100 | 13.3% |
| Seldovia | 19 mi | $583 | $197,200 | 14.6% |
| Cohoe | 40 mi | — | $242,600 | 12.2% |
| Kalifornsky | 53 mi | $1,394 | $336,800 | 14.7% |
| Soldotna | 57 mi | $1,020 | $306,000 | 39.6% |
Places in Alaska most like Diamond Ridge
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Kalifornsky | $1,394 | $336,800 | $93,508 | 14.7% |
| Fritz Creek | $1,125 | $344,100 | $89,531 | 13.3% |
| Sterling | $1,248 | $353,400 | $102,415 | 13.4% |
| Steele Creek | $1,223 | $348,400 | $121,364 | 10.3% |
| Lazy Mountain | $980 | $352,800 | $101,667 | 17.4% |
| Badger | $1,629 | $310,600 | $97,183 | 19.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Alaska.
HUD Fair Market Rent for Diamond Ridge, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,056 | $1,063 | $1,390 | $1,925 | $2,323 |
HUD income limits for Diamond Ridge, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,150 | $38,550 | $61,700 |
| 2 people | $27,050 | $44,050 | $70,500 |
| 3 people | $34,150 | $49,550 | $79,300 |
| 4 people | $41,250 | $55,050 | $88,100 |
| 5 people | $48,350 | $59,500 | $95,150 |
| 6 people | $55,450 | $63,900 | $102,200 |
| 7 people | $62,550 | $68,300 | $109,250 |
| 8 people | $69,650 | $72,700 | $116,300 |
These are the limits HUD sets for its housing programs in the Kenai Peninsula Borough, AK, where HUD’s median family income for fiscal year 2026 is $110,100.
A program can use its own limits; tax-credit and local programs often do.
Diamond Ridge is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Diamond Ridge
What is the median household income in Diamond Ridge?
The median household income in Diamond Ridge is $87,500 (±$17,394) a year (2020–2024 American Community Survey).
What is the average home value in Diamond Ridge, AK?
The Census Bureau publishes the median: $344,400 (±$38,993) for owner-occupied homes in Diamond Ridge (2020–2024 American Community Survey).
What is the average mortgage payment in Diamond Ridge?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Diamond Ridge, AK is $2,061 (±$218) a month, including taxes, insurance and utilities.
How much are property taxes in Diamond Ridge?
The median real estate tax paid by homeowners in Diamond Ridge, AK is $2,567 (±$331) a year (2020–2024 American Community Survey).
How many homes are in Diamond Ridge?
Diamond Ridge, AK has an estimated 709 (±61) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Diamond Ridge?
The most common size is 3 bedrooms, 33.7% of homes in Diamond Ridge, AK.
Is Diamond Ridge growing?
In Diamond Ridge, the number of residents went from 1,245 in 2015–2019 to 1,329 in 2020–2024 (+6.7%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Diamond Ridge CDP, Alaska
- HUD Fair Market Rents, fiscal year 2027: Kenai Peninsula Borough, AK
- HUD Income Limits, fiscal year 2026: Kenai Peninsula Borough, AK
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Diamond Ridge CDP, Alaska (place:18925, in state:02).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .