Chugach Census Area, Alaska Housing Market Prices
Chugach Census Area 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 6% above the Alaska median Among the 5 most expensive counties in Alaska$339,203
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Median rent 15% below the Alaska median$1,210
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chugach Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,203 | $320,616 | $248,835 |
| Price Trend (Annual %) | 36.3% | 5.4% | 7.5% |
| Median Gross Rent | $1,210 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chugach Census Area is about 6% higher than in Alaska. Rent is about 15% lower 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 Chugach Census Area, up about 36.3% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Chugach Census Area rose about 16.8% between 2015 and 2024, from $1,036 to $1,210. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Chugach Census Area.
Buying the median-priced home in Chugach Census Area costs roughly 23.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Chugach Census Area. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Chugach Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,203 | $320,616 | $248,835 |
| Median Household Income | $91,205 | $93,666 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chugach Census Area rose about 480.7%, while median household income rose about 43.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chugach Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.5% | 55.1% | 58.5% |
| Rental Rate | 26.4% | 27.3% | 31.2% |
| Vacancy Rate | 27.1% | 17.6% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Chugach Census Area has a homeownership rate of 46.5%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 27.1%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Chugach Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 4.9 | 4.8 | 5.5 |
The typical housing unit in Chugach Census Area was built around 1980. On average, 2.2 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Chugach Census Area, AK Housing Compared With Nearby Counties
Chugach Census Area, AK is the smallest of the 4 counties compared here, 6,866 residents against a local median of 112,982. Chugach Census Area, AK's median rent, at $1,210, runs 17% below the $1,458 typical of the counties around it.
The counties themselves spread $190 on median rent, so Chugach Census Area, AK sits at one end of an already wide local range rather than apart from it. Chugach Census Area, AK has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chugach Census Area, AK | 6,866 | $339,203 #1/4 | $1,210 #4/4 | 63.8% #3/4 |
| Anchorage Municipality, AK | 288,818 | $334,902 | $1,488 | 63.9% |
| Matanuska-Susitna Borough, AK | 112,982 | $262,501 | $1,299 | 77.2% |
| Fairbanks North Star Borough, AK | 95,452 | $332,425 | $1,458 | 61.7% |
Frequently Asked Questions
Common questions about the housing market in Chugach Census Area, Alaska.
What is the median home price in Chugach Census Area, Alaska?
The median home price in Chugach Census Area, Alaska is $339,203, higher than the Alaska average of $320,616.
What is the average home price in Chugach Census Area, Alaska?
The typical home price in Chugach Census Area, Alaska, reported as the median sale price, is $339,203. 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 Chugach Census Area, Alaska?
The median gross rent in Chugach Census Area, Alaska is $1,210 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Chugach Census Area in 2020?
In 2020, the median gross rent in Chugach Census Area, Alaska was $1,444 per month.
What is the price-to-rent ratio in Chugach Census Area, Alaska?
The price-to-rent ratio in Chugach Census Area, Alaska is about 23.4, meaning it would take roughly 23.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Chugach Census Area.
Are home prices or rent rising faster in Chugach Census Area, Alaska?
Both home prices and rent are rising in Chugach Census Area, up about 36.3% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chugach Census Area, Alaska?
46.5% of households in Chugach Census Area, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Chugach Census Area, Alaska?
The housing vacancy rate in Chugach Census Area, Alaska is 27.1%, higher than the Alaska average of 17.6%.
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