The Most Affordable Neighborhoods in Central, AK by Home Value

These days, finding an affordable place to live in the Central area can be challenging. Home prices in Central are now at a median cost of $152,700, lower than the Alaska average of $346,273.

The average cost of rent is $810/mo in Central, primarily driven by the current value of real estate in the Central area. In Central, 17.31% of households rent, and 84.85% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Central is $3,268 per month. Households that rent pay about 24.78% of their income on rent here. Central’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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