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Affordable
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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 $648,536, higher than the Kentucky average of $219,615.
The average cost of rent is $1,993/mo in Anchorage, primarily driven by the current value of real estate in the Anchorage area. In Anchorage, 12.97% of households rent, and 24.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anchorage is $15,275 per month. Households that rent pay about 13.05% of their income on rent here. Anchorage’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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