Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Addition area can be challenging. Home prices in South Addition are now at a median cost of $498,868, higher than the Anchorage average of $301,810.
The average cost of rent is $1,593/mo in South Addition, primarily driven by the current value of real estate in the South Addition area. While nearly 46.10% of residents own their homes outright in South Addition, 44.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Addition is $10,291 per month. Households that rent pay about 15.48% of their income on rent here. South Addition's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- North Star, Anchorage, AK: less expensive homes
- Fairview, Anchorage, AK: less expensive homes
- Spenard, Anchorage, AK: less expensive homes
- Midtown, Anchorage, AK: less expensive homes
- Rogers Park, Anchorage, AK: less expensive homes
- Turnagain, Anchorage, AK: less expensive homes
- Airport Heights, Anchorage, AK: less expensive homes
- Mountain View, Anchorage, AK: less expensive homes
- Campbell Park, Anchorage, AK: less expensive homes
- Russian Jack Park, Anchorage, AK: less expensive homes
Neighborhoods with Similar Populations
- Villa Prades, San Juan, PR: less expensive homes
- Downtown, Manchester, NH: less expensive homes
- Downtown South San Francisco, South San Francisco, CA: higher priced homes
- Downtown Tulsa, Tulsa, OK: less expensive homes
- East End, Portland, ME: equally priced homes
- East Shore, East Haven, CT: less expensive homes
- Estudillo Estates-Glen, San Leandro, CA: higher priced homes
- Exchange Place, Waterbury, CT: less expensive homes
- Far Northeast-Huffman, Huffman, TX: less expensive homes
- Far West, Wilsonville, OR: higher priced homes
All Local Stats
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