Anchorage AK

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Anchorage, AK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Anchorage Housing Market Information

With 291,538 people, 106,524 houses or apartments, and a median cost of homes of $310,234, Anchorage real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Anchorage, accounting for 47.99% of the city's housing units. Other types of housing that are prevalent in Anchorage include large apartment complexes or high rise apartments ( 18.17%), duplexes, homes converted to apartments or other small apartment buildings ( 16.64%), and a few row houses and other attached homes ( 12.57%).

The most prevalent building size and type in Anchorage are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.33% owning and 40.67% renting.

There is a lot of housing in Anchorage built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Anchorage built between 1940-1969 ( 17.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.42%).

Anchorage Home Appreciation Rates

Real estate appreciation rates in Anchorage's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.73% during the period.

Over the last year, Anchorage appreciation rates have trailed the rest of the nation. In the last twelve months, Anchorage's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anchorage were at 0.07%, which equates to an annual appreciation rate of 0.27%.

Notably, Anchorage's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alaska, our data show that Anchorage's latest annual appreciation rate is lower than 80% of the other cities and towns in Alaska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Anchorage differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Anchorage - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Anchorage real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,049,000 0.7
$786,001 - $1,049,000 1.6
$524,001 - $786,000 7.5
$419,001 - $524,000 12.9
$315,001 - $419,000 25.6
$210,001 - $315,000 29.9
$105,001 - $210,000 13.0
$53,001 - $105,000 2.3
$0 - $53,000 6.5

Very High for AK
Very High for Nation

Value Relative to Nation Value Relative to State
19.7489051094891 20.3125

Number Of Homes And Apartments:

Anchorage Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
93.54% 3.31%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,657 / per month

Homeownership Rate

Owners 59.33
Renters 40.67
Vacant 8.56

Housing Market Details


Age of Homes

AGE OF Anchorage HOMES
2000 or Newer 15.4
1970 - 1999 66.5
1940 - 1969 17.8
1939 or Older 0.4

Types of Homes

Single-Family 48.0
Townhomes 12.6
Small Apt. Buildings 16.6
Apt. Complexes 18.2
Mobile Homes 4.5
Other 0.1

Home Size

No Bedroom 2.41
1 Bedroom 9.82
2 Bedrooms 28.40
3 Bedrooms 36.69
4 Bedrooms 18.56
5 or more bedrooms 4.11