Matanuska-Susitna Borough, Alaska Housing Market Prices
Matanuska-Susitna Borough 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 18% below the Alaska median$262,501
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Median rent 8% below the Alaska median$1,299
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $262,501 | $320,616 | $248,835 |
| Price Trend (Annual %) | 4.4% | 5.4% | 7.5% |
| Median Gross Rent | $1,299 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Matanuska-Susitna Borough is about 18% lower than in Alaska. Rent is about 8% 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 Matanuska-Susitna Borough, up about 4.4% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Matanuska-Susitna Borough rose about 19.8% between 2015 and 2024, from $1,084 to $1,299. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Matanuska-Susitna Borough.
Buying the median-priced home in Matanuska-Susitna Borough costs roughly 16.8 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 Matanuska-Susitna Borough. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $262,501 | $320,616 | $248,835 |
| Median Household Income | $94,435 | $93,666 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Matanuska-Susitna Borough rose about 46.5%, while median household income rose about 37.1% 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 | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 55.1% | 58.5% |
| Rental Rate | 17.7% | 27.3% | 31.2% |
| Vacancy Rate | 22.1% | 17.6% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Matanuska-Susitna Borough has a homeownership rate of 60.2%, higher than the Alaska average of 55.1%. Its housing vacancy rate is 22.1%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1995 | 1986 | 1978 |
| Median Number of Rooms | 4.8 | 4.8 | 5.5 |
The typical housing unit in Matanuska-Susitna Borough was built around 1995. On average, 2.8 people live in a home with about 4.8 rooms, staying for about 13.0 years on average.
Matanuska-Susitna Borough, AK Housing Compared With Nearby Counties
How Matanuska-Susitna Borough, AK compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Matanuska-Susitna Borough, AK | 112,982 | $262,501 #3/3 | $1,299 #2/3 | 77.2% #1/3 |
| Anchorage Municipality, AK | 288,818 | $334,902 | $1,488 | 63.9% |
| Kenai Peninsula Borough, AK | 60,577 | $264,574 | $1,183 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Matanuska-Susitna Borough, Alaska.
What is the median home price in Matanuska-Susitna Borough, Alaska?
The median home price in Matanuska-Susitna Borough, Alaska is $262,501, lower than the Alaska average of $320,616.
What is the average home price in Matanuska-Susitna Borough, Alaska?
The typical home price in Matanuska-Susitna Borough, Alaska, reported as the median sale price, is $262,501. 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 Matanuska-Susitna Borough, Alaska?
The median gross rent in Matanuska-Susitna Borough, Alaska is $1,299 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Matanuska-Susitna Borough in 2020?
In 2020, the median gross rent in Matanuska-Susitna Borough, Alaska was $1,115 per month.
What is the price-to-rent ratio in Matanuska-Susitna Borough, Alaska?
The price-to-rent ratio in Matanuska-Susitna Borough, Alaska is about 16.8, meaning it would take roughly 16.8 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 Matanuska-Susitna Borough.
Are home prices or rent rising faster in Matanuska-Susitna Borough, Alaska?
Both home prices and rent are rising in Matanuska-Susitna Borough, up about 4.4% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Matanuska-Susitna Borough, Alaska?
60.2% of households in Matanuska-Susitna Borough, Alaska own their home, higher than the Alaska average of 55.1%.
What is the vacancy rate in Matanuska-Susitna Borough, Alaska?
The housing vacancy rate in Matanuska-Susitna Borough, Alaska is 22.1%, higher than the Alaska average of 17.6%.
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