HomeAlaskaKenai Peninsula Borough
Kenai Peninsula Borough, Alaska: commercial real estate data.
Kenai Peninsula Borough, Alaska has a population of 60,413 across 16,075 square miles, up 4.2 percent since the 2020 census base. County output reached $3.59 bn in 2024, 2,405 establishments operate here, and the SBA record carries 59 7(a) approvals worth $25.5 m.
122 sourced county values · tier FULL · 11 sections
Kenai Peninsula Borough
How many people live in Kenai Peninsula Borough
- Population60,413
- Households24,371
- Average household size2.48
- Median household income$80,538
- Median age41.4
- Median gross rent$1,184 per month
- Median owner-occupied home value$323,200
- Home value to household income4.0 times
- Annual rent as a share of median income17.6 percent
- Adults 25 and over with a bachelor degree or higher29.8 percent
- Adults 25 and over with a graduate degree10.3 percent
- Adults 25 and over42,942
- Population under 1813,282
- Share under 1822.0 percent
- Population 65 and over12,085
- Share 65 and over20.0 percent
- Working age population, 18 to 6435,046
- Civilian labor force27,063
- Unemployment rate7.0 percent
- Labor force participation, adults 18 and over57.4 percent
- Rank by population among Alaska boroughs4th of 30
- Rank by population among US county-equivalents891st
Kenai Peninsula Borough is the 4th largest of 30 Alaska boroughs by population. A median home costs 4.0 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.0 percent against 20.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Kenai Peninsula Borough
Is Kenai Peninsula Borough growing
- Population change since the 2020 census base4.19 percent
- Census 2020 base population58,797
- Births, 2024510
- Deaths, 2024608
- Natural change, 2024-98
- Net domestic migration, 20243
- Net international migration, 202464
- Total net migration, 202467
- Cumulative net domestic migration, 2021 to 20241,976
- Rank by growth among US county-equivalents655th
The county has grown 4.19 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Kenai Peninsula Borough
Where people moving to Kenai Peninsula Borough come from
- Tax returns filed by households arriving1,698
- People arriving, from those returns3,136
- Adjusted gross income arriving$134.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$79,213
- Largest single originKenai Peninsula Borough Non-migrants (23,086 households)
- Largest single destination (23,086 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Kenai Peninsula Borough Non-migrants | 23,086 | 46,181 | $2.14 bn |
| Other flows - Different State | 1,079 | 2,019 | $90.1 m |
| Other flows - West | 571 | 1,067 | $47.5 m |
| Anchorage Municipality | 287 | 479 | $22.0 m |
| Other flows - South | 273 | 555 | $21.7 m |
| Other flows - Midwest | 163 | 291 | $16.1 m |
| Other flows - Same State | 139 | 253 | $9.6 m |
| Matanuska-Susitna Borough | 98 | 210 | $5.3 m |
The largest single source of arrivals is Kenai Peninsula Borough Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Kenai Peninsula Borough
What the Kenai Peninsula Borough economy runs on
- County GDP, 2024$3.59 bn
- County GDP, 2023$3.49 bn
- GDP change, 2023 to 20243.0 percent
- GDP change over five years29.7 percent
- Rank by GDP among Alaska boroughs5th
- Rank by GDP among US county-equivalents878th
- GDP per resident$59,429
Output grew 3.0 percent in the latest year and 29.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Kenai Peninsula Borough
Who employs people in Kenai Peninsula Borough
- Covered employment, annual average21,474
- Establishments reporting2,368
- Average annual pay$62,398
- Average weekly wage$1,200
- Sector 62, employment3,223
- Sector 62, average annual pay$67,533
- Sector 44-45, employment2,903
- Sector 44-45, average annual pay$37,926
- Sector 72, employment2,605
- Sector 72, average annual pay$30,897
- Sector 31-33, employment1,227
- Sector 31-33, average annual pay$77,066
- Sector 23, employment1,016
- Sector 48-49, employment1,014
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 3,223 | 229 | $67,533 |
| Sector 44-45 | 2,903 | 263 | $37,926 |
| Sector 72 | 2,605 | 320 | $30,897 |
| Sector 31-33 | 1,227 | 96 | $77,066 |
| Sector 23 | 1,016 | 274 | $68,266 |
| Sector 48-49 | 1,014 | 154 | $55,796 |
| Sector 21 | 880 | 30 | $137,363 |
| Sector 81 | 812 | 187 | $44,817 |
The largest sector is the biggest private employer group at 3,223 jobs, 15.0 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Kenai Peninsula Borough
What businesses operate in Kenai Peninsula Borough
- Establishments, all industries2,405
- Employment at those establishments15,786
- Annual payroll$998.7 m
- Establishments per 1,000 residents39.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Kenai Peninsula Borough
What is being built in Kenai Peninsula Borough
- Housing units authorised by permit, 2024152
- Declared construction value permitted$45.1 m
- Single family units authorised104
- Multifamily units authorised48
- Multifamily share of units31.6 percent
- Average declared value per unit$296,929
- Units authorised per 1,000 households6.2
Multifamily is 31.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Kenai Peninsula Borough
How much SBA lending happens in Kenai Peninsula Borough
- 7(a) approvals recorded59
- 7(a) gross approval dollars$25.5 m
- Average 7(a) approval$431,741
- Median 7(a) approval$168,000
- 10th percentile approval$15,200
- 90th percentile approval$1,530,000
- Largest single approval$2,685,600
- Jobs reported supported, 7(a)522
- Jobs per approval8.8
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals41
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer18.6 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter45
- Franchise loans1
- Franchise share of approvals1.7 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (4)
- Most active lenderWells Fargo Bank National Association (12)
- 504 approvals recorded44
- 504 gross approval dollars$20.8 m
- Average 504 approval$472,636
- Median 504 approval$280,000
- Distinct CDCs active2
- 504 jobs per approval5.1
- 504 jobs per million dollars approved10.8
- Most active CDCEvergreen Business Capital (38)
- 7(a) share of SBA approvals57.3 percent
- Combined SBA approval dollars$46.3 m
The average approval of $431,741 sits well above the median of $168,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 18.6 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Kenai Peninsula Borough
Do SBA loans in Kenai Peninsula Borough get paid back
- Loans with a final outcome recorded14
- Paid in full14
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure35
- Status: Paid in full14
- Status: Cancelled8
- Status: Committed, not yet disbursed2
Of the 14 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Kenai Peninsula Borough
Which parts of Kenai Peninsula Borough get the lending
- Places in the county with recorded lending9
- SOLDOTNA, approvals20
- Homer, approvals18
- SEWARD, approvals9
- Kenai, approvals7
- Cooper Landing, approvals1
- NINILCHIK, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SOLDOTNA | 20 | $9,814,200 |
| Homer | 18 | $11,244,100 |
| SEWARD | 9 | $1,983,600 |
| Kenai | 7 | $1,030,000 |
| Cooper Landing | 1 | $500,000 |
| NINILCHIK | 1 | $285,000 |
| KASILOF | 1 | $25,000 |
| Seldovia | 1 | $465,800 |
SOLDOTNA accounts for 20 approvals against 18 in Homer. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Kenai Peninsula Borough
How big is Kenai Peninsula Borough
- Land area16,075 sq mi
- Rank by land area among Alaska boroughs12th of 30
- Width, east to west214.8 mi
- Height, north to south192.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land4
- Establishments per square mile0.15
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Computed from shared land boundary. Geographies separated by water are not counted, so this understates the true neighbour set in this state.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Kenai Peninsula Borough site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Kenai Peninsula Borough site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population60,413
- Households24,371
- Average household size2.48
- Median household income$80,538
- Median age41.4
Common questions
Kenai Peninsula Borough questions, answered from the record.
How many people live in Kenai Peninsula Borough, Alaska?
60,413, in 24,371 households, ranking 4th of 30 Alaska counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Kenai Peninsula Borough growing?
The population has grown 4.19 percent since the 2020 census base. In 2024 there were 510 births against 608 deaths, with net migration of 67. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Kenai Peninsula Borough?
$80,538. The median owner-occupied home is valued at $323,200, which is 4.0 times income, and median gross rent is $1,184 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Kenai Peninsula Borough?
2,405 establishments, employing 15,786 people with an annual payroll of $998.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Kenai Peninsula Borough?
Average annual pay is $62,398, or $1,200 a week, across 21,474 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Kenai Peninsula Borough?
59 7(a) approvals totalling $25.5 m since FY2020, across 16 lenders, with a median approval of $168,000, plus 44 504 approvals worth $20.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Kenai Peninsula Borough get paid back?
Of the 14 loans that have reached a final outcome, 14 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Kenai Peninsula Borough?
152 housing units were authorised by permit in 2024, with a declared construction value of $45.1 m. Multifamily was 31.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Kenai Peninsula Borough?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Kenai Peninsula Borough come from?
The largest single origin is Kenai Peninsula Borough Non-migrants, with 23,086 households. Arriving households report an average income of $79,213 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Kenai Peninsula Borough on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Kenai Peninsula Borough?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.