Anchorage, Alaska Housing Market Prices
Anchorage Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 4% above the Alaska median$334,902
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Median rent 5% above the Alaska median$1,488
Housing Market Overview
| Metric | Anchorage | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $334,902 | $320,616 | $248,835 |
| Price Trend (Annual %) | 4.0% | 5.4% | 7.5% |
| Median Gross Rent | $1,488 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anchorage is about 4% higher than in Alaska. Rent is about 5% higher than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Anchorage, up about 4.0% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Anchorage rose about 24.4% between 2015 and 2024, from $1,196 to $1,488. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Anchorage.
Buying the median-priced home in Anchorage costs roughly 18.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Anchorage. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Anchorage | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $334,902 | $320,616 | $248,835 |
| Median Household Income | $103,239 | $93,666 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Anchorage rose about 31.3%, while median household income rose about 40.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Anchorage | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.6% | 55.1% | 58.5% |
| Rental Rate | 32.6% | 27.3% | 31.2% |
| Vacancy Rate | 9.8% | 17.6% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Anchorage has a homeownership rate of 57.6%, higher than the Alaska average of 55.1%. Its housing vacancy rate is 9.8%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Anchorage | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1983 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 4.8 | 5.5 |
The typical housing unit in Anchorage was built around 1983. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Anchorage, Alaska.
What is the median home price in Anchorage, Alaska?
The median home price in Anchorage, Alaska is $334,902, higher than the Alaska average of $320,616.
What is the average home price in Anchorage, Alaska?
The typical home price in Anchorage, Alaska, reported as the median sale price, is $334,902. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Anchorage, Alaska?
The median gross rent in Anchorage, Alaska is $1,488 per month, higher than the Alaska average of $1,418.
What was the median gross rent in Anchorage in 2020?
In 2020, the median gross rent in Anchorage, Alaska was $1,310 per month.
What is the price-to-rent ratio in Anchorage, Alaska?
The price-to-rent ratio in Anchorage, Alaska is about 18.8, meaning it would take roughly 18.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Anchorage.
Are home prices or rent rising faster in Anchorage, Alaska?
Both home prices and rent are rising in Anchorage, up about 4.0% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anchorage, Alaska?
57.6% of households in Anchorage, Alaska own their home, higher than the Alaska average of 55.1%.
What is the vacancy rate in Anchorage, Alaska?
The housing vacancy rate in Anchorage, Alaska is 9.8%, lower than the Alaska average of 17.6%.
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