Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Juneau | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $303,164 | $242,182 |
| Price Trend (Annual %) | -9.0% | 5.4% | 8.2% |
| Median Gross Rent | $1,462 | $1,387 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Juneau is about 38% lower than in Alaska. Rent is about 5% higher than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Juneau: home prices fell about 9.0% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Juneau rose about 23.1% between 2015 and 2023, from $1,187 to $1,462. Over the same span, rent in Alaska rose about 21.0%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Juneau.
Buying the median-priced home in Juneau costs roughly 10.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Juneau. The price-to-rent ratio in Alaska is about 18.2.
| Metric | Juneau | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $303,164 | $242,182 |
| Median Household Income | $100,578 | $90,338 | $78,145 |
| Price-to-Income Ratio | 1.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Juneau fell about 54.9%, while median household income rose about 32.6% between 2009 and 2023 — 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 | Juneau | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 54.5% | 58.2% |
| Rental Rate | 33.0% | 27.3% | 31.3% |
| Vacancy Rate | 7.3% | 18.2% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Juneau has a homeownership rate of 59.7%, higher than the Alaska average of 54.5%. Its housing vacancy rate is 7.3%, compared with 18.2% in Alaska.
Housing Stock
| Metric | Juneau | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.63 people | 2.54 people |
| Median Structure Built Year | 1980 | 1985 | 1978 |
| Median Number of Rooms | 4.8 | 4.8 | 5.5 |
The typical housing unit in Juneau was built around 1980. On average, 2.4 people live in a home with about 4.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Juneau, Alaska.
What is the median home price in Juneau, Alaska?
The median home price in Juneau, Alaska is $187,500, lower than the Alaska average of $303,164.
What is the average home price in Juneau, Alaska?
The typical home price in %s, reported as the median sale price, is %s. 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 Juneau, Alaska?
The median gross rent in Juneau, Alaska is $1,462 per month, higher than the Alaska average of $1,387.
What was the median gross rent in Juneau in 2020?
In 2020, the median gross rent in Juneau, Alaska was $1,262 per month.
What is the price-to-rent ratio in Juneau, Alaska?
The price-to-rent ratio in Juneau, Alaska is about 10.7, meaning it would take roughly 10.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Juneau.
Are home prices or rent rising faster in Juneau, Alaska?
Home prices and rent are moving in opposite directions in Juneau: home prices fell about 9.0% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Juneau, Alaska?
59.7% of households in Juneau, Alaska own their home, higher than the Alaska average of 54.5%.
What is the vacancy rate in Juneau, Alaska?
The housing vacancy rate in Juneau, Alaska is 7.3%, lower than the Alaska average of 18.2%.