HomeAlaskaKenai Peninsula Borough
Kenai Peninsula Borough, Alaska: commercial real estate data.
Kenai Peninsula Borough, Alaska had an estimated 61,259 residents on July 1, 2024, up 4.2 percent since the 2020 census base of 58,797, across 16,075 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Kenai Peninsula Borough
How many people live in Kenai Peninsula Borough
- Population, American Community Survey 2020-202460,413
- 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-equivalents, Puerto Rico included891st of 3,222
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 moderately unaffordable 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's population growing?
- Population, July 1, 202461,259
- Census 2020 base population58,797
- Population change since the 2020 census base4.19 percent
- Population change, 2023 to 2024-26
- 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 of 3,144
The county has grown 4.19 percent since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Kenai Peninsula Borough
Where are people moving to Kenai Peninsula Borough from?
- Tax returns filed by households arriving1,698
- People arriving, from those returns3,136
- Tax returns filed by households leaving1,510
- Net household movement188
- Adjusted gross income arriving$134.5 m
- Net adjusted gross income movement$28.1 m
- Average income of an arriving household$79,213
- Average income of a leaving household$70,464
- Largest single originAnchorage Municipality (287 households)
- Largest single destinationAnchorage Municipality (272 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Anchorage Municipality | 287 | 479 | $22.0 m |
| Matanuska-Susitna Borough | 98 | 210 | $5.3 m |
| Fairbanks North Star Borough | 50 | 102 | $3.7 m |
| Maricopa County | 24 | 35 | $1.6 m |
| King County | 21 | 38 | $2.2 m |
Households arriving report $8,749 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Anchorage Municipality, 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 is the Kenai Peninsula Borough economy?
- 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 the Alaska areas BEA publishes5th of 34
- Rank by GDP among the US county areas BEA publishes878th of 3,127
- 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
Employment by industry in Kenai Peninsula Borough
- Covered employment, annual average21,474
- Establishments reporting2,368
- Average annual pay$62,398
- Average weekly wage$1,200
- Health care and social assistance, employment3,223
- Health care and social assistance, average annual pay$67,533
- Retail trade, employment2,903
- Retail trade, average annual pay$37,926
- Accommodation and food services, employment2,605
- Accommodation and food services, average annual pay$30,897
- Manufacturing, employment1,227
- Manufacturing, average annual pay$77,066
- Construction, employment1,016
- Transportation and warehousing, employment1,014
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 3,223 | 229 | $67,533 |
| Retail trade | 2,903 | 263 | $37,926 |
| Accommodation and food services | 2,605 | 320 | $30,897 |
| Manufacturing | 1,227 | 96 | $77,066 |
| Construction | 1,016 | 274 | $68,266 |
| Transportation and warehousing | 1,014 | 154 | $55,796 |
| Mining, quarrying, and oil and gas extraction | 880 | 30 | $137,363 |
| Other services, except public administration | 812 | 187 | $44,817 |
Health care and social assistance is the largest private sector at 3,223 jobs, 15.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Kenai Peninsula Borough
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Kenai Peninsula Borough
Building permits in Kenai Peninsula Borough
- Housing units authorized by permit, 2024152
- Declared construction value permitted$45.1 m
- Single family units authorized104
- Multifamily units authorized48
- Multifamily share of units31.6 percent
- Average declared value per unit$296,929
- Units authorized per 1,000 households6.2
Single-family homes are 68.4 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Kenai Peninsula Borough
SBA loans in Kenai Peninsula Borough (7(a) and 504)
- 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$19,040
- 90th percentile approval$1,468,400
- 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
- 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$272,500
- Distinct CDCs active2
- 504 jobs per approval5.1
- 504 jobs per million dollars approved10.8
- Most active CDCEvergreen Business Capital (38)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$46.3 m
The average approval of $431,741 sits well above the median of $168,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in Kenai Peninsula Borough
Do SBA loans in Kenai Peninsula Borough get paid back?
- Loans with a final outcome recorded14
- Paid in full14
- Charged off0
- Status: Exempt from disclosure35
- Status: Paid in full14
- Status: Cancelled8
- Status: Committed, not yet disbursed2
Only 14 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Kenai Peninsula Borough
SBA lending by place in Kenai Peninsula Borough
- Borrower cities with recorded lending9
- Soldotna, approvals20
- Homer, approvals18
- Seward, approvals9
- Kenai, approvals7
- Cooper Landing, approvals1
- Seldovia Village, approvals1
| Borrower city | 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 |
| Seldovia Village | 1 | $465,800 |
| Ninilchik | 1 | $285,000 |
| Sterling | 1 | $125,000 |
| 1 other borrower city | 1 | $25,000 |
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 large 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.
Kenai Peninsula Borough
Flood risk in Kenai Peninsula Borough
- Participation of the county's own NFIP community Kenai Peninsula BoroughParticipating, community 020012
- Community Rating System class of the county's own communityClass 10
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class3
- Radon levels in Kenai Peninsula Borough, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, Kenai Peninsula Borough (community 020012), participates in the National Flood Insurance Program and carries Community Rating System class 10, a flood insurance premium discount for policies written there. The EPA places Kenai Peninsula Borough in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 80.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202460,413
- 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?
The Census Bureau estimates 61,259 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 4.19 percent since the 2020 census base of 58,797, to 61,259 on July 1, 2024. 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 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 employment by industry in Kenai Peninsula Borough?
Health care and social assistance is the largest private sector at 3,223 jobs, 15.0 percent of covered employment. Covered employment averages 21,474 jobs at an average annual pay of $62,398, or $1,200 a week. 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 totaling $25.5 m since FY2020, across 16 lenders, with a median approval of $168,000, plus 44 504 approvals worth $20.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Kenai Peninsula Borough?
152 housing units were authorized 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 Anchorage Municipality, with 287 households. Arriving households report an average income of $79,213 against $70,464 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Kenai Peninsula Borough
Cities and places in Kenai Peninsula.
37 Census places lie wholly or partly in Kenai Peninsula Borough. 36 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Kalifornsky | CDP | 8,663 | None recorded | Wholly in this county |
| Kenai | city | 7,641 | 7 | Wholly in this county |
| Sterling | CDP | 6,323 | 1 | Wholly in this county |
| Homer | city | 5,877 | 18 | Wholly in this county |
| Nikiski | CDP | 4,773 | None recorded | Wholly in this county |
| Soldotna | city | 4,485 | 20 | Wholly in this county |
| Seward | city | 2,794 | 9 | Wholly in this county |
| Fritz Creek | CDP | 2,383 | None recorded | Wholly in this county |
| Anchor Point | CDP | 2,243 | None recorded | Wholly in this county |
| Ridgeway | CDP | 1,997 | None recorded | Wholly in this county |
| Bear Creek | CDP | 1,732 | None recorded | Wholly in this county |
| Cohoe | CDP | 1,598 | None recorded | Wholly in this county |
| Diamond Ridge | CDP | 1,329 | None recorded | Wholly in this county |
| Salamatof | CDP | 1,149 | None recorded | Wholly in this county |
| Funny River | CDP | 1,081 | None recorded | Wholly in this county |
| Ninilchik | CDP | 965 | 1 | Wholly in this county |
| Kachemak | city | 805 | None recorded | Wholly in this county |
| Happy Valley | CDP | 775 | None recorded | Wholly in this county |
| Fox River | CDP | 741 | None recorded | Wholly in this county |
| Kasilof | CDP | 313 | 1 | Wholly in this county |
| Tyonek | CDP | 291 | None recorded | Wholly in this county |
| Nikolaevsk | CDP | 245 | None recorded | Wholly in this county |
| Clam Gulch | CDP | 238 | None recorded | Wholly in this county |
| Cooper Landing | CDP | 227 | 1 | Wholly in this county |
| Seldovia Village | CDP | 213 | 1 | Wholly in this county |
| Moose Pass | CDP | 202 | None recorded | Wholly in this county |
| Seldovia | city | 202 | None recorded | Wholly in this county |
| Nanwalek | CDP | 199 | None recorded | Wholly in this county |
| Halibut Cove | CDP | 167 | None recorded | Wholly in this county |
| Primrose | CDP | 89 | None recorded | Wholly in this county |
| Port Graham | CDP | 83 | None recorded | Wholly in this county |
| Crown Point | CDP | 65 | None recorded | Wholly in this county |
| Sunrise | CDP | 23 | None recorded | Wholly in this county |
| Beluga | CDP | 4 | None recorded | Wholly in this county |
| Hope | CDP | 0 | None recorded | Wholly in this county |
| Lowell Point | CDP | 0 | None recorded | Wholly in this county |
| Point Possession | CDP | 0 | None recorded | Wholly in this county |
Nearby