Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Anchorage area can be challenging. Home prices in Anchorage are now at a median cost of $301,810, higher than the Alaska average of $254,370.
The average cost of rent is $1,448/mo in Anchorage, primarily driven by the current value of real estate in the Anchorage area. While nearly 34.46% of residents own their homes outright in Anchorage, 34.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Anchorage is $7,894 per month. Households that rent pay about 18.35% of their income on rent here. Anchorage's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Elmendorf Afb, AK: equally priced homes
- Fort Richardson, AK: higher priced homes
- Eagle River, AK: higher priced homes
- Indian, AK: higher priced homes
- Hope, AK: higher priced homes
- Chugiak, AK: higher priced homes
- Big Lake, AK: less expensive homes
- Peters Creek, AK: higher priced homes
- Knik, AK: less expensive homes
- Knik-Fairview, AK: equally priced homes
Cities with Similar Populations
- Brownsville, TX: less expensive homes
- Brooklyn, NY: higher priced homes
- Bowie, MD: higher priced homes
- Birmingham, AL: less expensive homes
- Bethlehem, PA: less expensive homes
- Buckeye, AZ: equally priced homes
- Bloomington, MN: equally priced homes
- Bridgeport, CT: higher priced homes
- Bronx, NY: higher priced homes
- Detroit, MI: less expensive homes
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