Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Anchorage Municipality area can be challenging. Home prices in Anchorage Municipality are now at a median cost of $396,618, higher than the Alaska average of $346,273.
The average cost of rent is $1,728/mo in Anchorage Municipality, primarily driven by the current value of real estate in the Anchorage Municipality area. In Anchorage Municipality, 36.10% of households rent, and 35.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anchorage Municipality is $9,493 per month. Households that rent pay about 18.20% of their income on rent here. Anchorage Municipality’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Matanuska-Susitna Borough, AK: less expensive homes
- Kenai Peninsula Borough, AK: less expensive homes
- Chugach Census Area, AK: less expensive homes
- Copper River Census Area, AK: less expensive homes
- Denali Borough, AK: less expensive homes
- Southeast Fairbanks Census Area, AK: less expensive homes
- Kodiak Island Borough, AK: equally priced homes
- Fairbanks North Star Borough, AK: less expensive homes
- Yukon-Koyukuk Census Area, AK: less expensive homes
- Lake and Peninsula Borough, AK: less expensive homes
Counties with Similar Populations
- Yuma County, AZ: less expensive homes
- Mohave County, AZ: less expensive homes
- Santa Cruz County, CA: higher priced homes
- San Luis Obispo County, CA: higher priced homes
- Atlantic County, NJ: less expensive homes
- Butte County, CA: higher priced homes
- Weber County, UT: higher priced homes
- Erie County, PA: less expensive homes
- Marin County, CA: higher priced homes
- Merced County, CA: equally priced homes
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