Anchorage, AK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Anchorage Neighborhoods Since 2000




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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Anchorage Housing Market Information

With a population of 298,695, 105,175 total housing units (homes and apartments), and a median house value of $292,009, Anchorage real estate is some of the most expensive in Alaska, although Anchorage home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Anchorage, accounting for 48.29% of the city's housing units. Other types of housing that are prevalent in Anchorage include large apartment complexes or high rise apartments ( 18.77%), duplexes, homes converted to apartments or other small apartment buildings ( 15.42%), and a few row houses and other attached homes ( 12.77%).

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 58.37% owning and 41.63% 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 ( 19.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.69%).

Anchorage Home Appreciation Rates

Appreciation rates for homes in Anchorage have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.91%, which ranks in the top 30% nationwide. This equates to an annual average Anchorage house appreciation rate of 1.04%.

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 0.04%, 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 -0.72%, which equates to an annual appreciation rate of -2.86%.

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 50% 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:
$292,009

Anchorage, AK HOME PRICES

Value Range
> $1,081,000 0.6
$811,001 - $1,081,000 1.7
$540,001 - $811,000 6.1
$432,001 - $540,000 9.4
$324,001 - $432,000 23.8
$216,001 - $324,000 34.8
$108,001 - $216,000 15.6
$54,001 - $108,000 2.6
$0 - $54,000 5.3

Very High for AK
Very High for Nation

Value Relative to Nation Value Relative to State
17.981146437145 11.2903225806452

Number Of Homes And Apartments:
105,175

Anchorage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AK*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
86.77% 3.63% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,582 / per month

Homeownership Rate

Homeownership
Owners 58.37
Renters 41.63
Vacant 7.81

Housing Market Details

 

Age of Homes

AGE OF Anchorage HOMES
2000 or Newer 14.7
1970 - 1999 65.5
1940 - 1969 19.5
1939 or Older 0.4

Types of Homes

TYPE OF Anchorage HOMES
Single-Family 48.3
Townhomes 12.8
Small Apt. Buildings 15.4
Apt. Complexes 18.8
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Anchorage HOMES
No Bedroom 2.13
1 Bedroom 10.94
2 Bedrooms 27.07
3 Bedrooms 37.44
4 Bedrooms 18.39
5 or more bedrooms 4.03