The Most Affordable Neighborhoods in Alaska by Home Value

These days, finding an affordable place to live in the Alaska area can be challenging. Home prices in Alaska are now at a median cost of $346,273, lower than the the United States average of $419,293.

The average cost of rent is $1,518/mo in Alaska, primarily driven by the current value of real estate in the Alaska area. In Alaska, 33.16% of households rent, and 43.14% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Alaska is $8,248 per month. Households that rent pay about 18.40% of their income on rent here. Alaska’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the state.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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