Alaska Housing Market Prices
Alaska 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 29% above the US median More expensive than 73% of states in US$320,616
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Median rent 1% above the US median$1,418
Median Home Price Map: Counties in Alaska
Housing Market Overview
| Metric | Alaska | US Average |
|---|---|---|
| Median Home Price | $320,616 | $248,835 |
| Price Trend (Annual %) | 5.4% | 7.5% |
| Median Gross Rent | $1,418 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Alaska is about 29% higher than in US. Rent is about 1% higher than the US 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 Alaska, up about 5.4% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Alaska rose about 23.8% between 2015 and 2024, from $1,146 to $1,418. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Alaska.
Buying the median-priced home in Alaska 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 Alaska. The price-to-rent ratio in US is about 14.7.
| Metric | Alaska | US Average |
|---|---|---|
| Median Home Price | $320,616 | $248,835 |
| Median Household Income | $93,666 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alaska rose about 60.6%, while median household income rose about 39.8% 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 | Alaska | US Average |
|---|---|---|
| Homeownership Rate | 55.1% | 58.5% |
| Rental Rate | 27.3% | 31.2% |
| Vacancy Rate | 17.6% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 |
Alaska has a homeownership rate of 55.1%, lower than the US average of 58.5%. Its housing vacancy rate is 17.6%, compared with 10.2% in US.
Housing Stock
| Metric | Alaska | US Average |
|---|---|---|
| Average Household Size | 2.61 people | 2.53 people |
| Median Structure Built Year | 1986 | 1978 |
| Median Number of Rooms | 4.8 | 5.5 |
The typical housing unit in Alaska was built around 1986. On average, 2.6 people live in a home with about 4.8 rooms, staying for about 14.0 years on average.
Alaska Housing Compared With Nearby States
Alaska is the smallest of the 6 states compared here, 735,577 residents against a local median of 4,252,306. The measure that sets Alaska apart most is median home price: $320,616, 21% below the local median of $406,603.
The states themselves spread $293,036 on median home price, so Alaska sits at one end of an already wide local range rather than apart from it. Alaska has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alaska | 735,577 | $320,616 #6/6 | $1,418 #5/6 | 66.8% #2/6 |
| Washington | 7,801,159 | $485,016 | $1,759 | 63.8% |
| Oregon | 4,252,306 | $406,603 | $1,525 | 63.3% |
| California | 39,245,658 | $650,794 | $2,036 | 55.9% |
| Idaho | 1,929,983 | $394,140 | $1,236 | 72.3% |
| Nevada | 3,183,702 | $357,758 | $1,597 | 60.0% |
Frequently Asked Questions
Common questions about the housing market in Alaska.
What is the median home price in Alaska?
The median home price in Alaska is $320,616, higher than the US average of $248,835.
What is the average home price in Alaska?
The typical home price in Alaska, reported as the median sale price, is $320,616. 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 Alaska?
The median gross rent in Alaska is $1,418 per month, higher than the US average of $1,407.
What was the median gross rent in Alaska in 2020?
In 2020, the median gross rent in Alaska was $1,241 per month.
What is the price-to-rent ratio in Alaska?
The price-to-rent ratio in 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 Alaska.
Are home prices or rent rising faster in Alaska?
Both home prices and rent are rising in Alaska, up about 5.4% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alaska?
55.1% of households in Alaska own their home, lower than the US average of 58.5%.
What is the vacancy rate in Alaska?
The housing vacancy rate in Alaska is 17.6%, higher than the US average of 10.2%.
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