Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Spenard area can be challenging. Home prices in Spenard are now at a median cost of $321,641, lower than the Anchorage average of $388,987.
The average cost of rent is $1,293/mo in Spenard, primarily driven by the current value of real estate in the Spenard area. In Spenard, 63.21% of households rent, and 40.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spenard is $7,211 per month. Households that rent pay about 17.92% of their income on rent here. Spenard’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Midtown, Anchorage, AK: equally priced homes
- Turnagain, Anchorage, AK: higher priced homes
- North Star, Anchorage, AK: equally priced homes
- South Addition, Anchorage, AK: higher priced homes
- Rogers Park, Anchorage, AK: higher priced homes
- Taku-Campbell, Anchorage, AK: equally priced homes
- Fairview, Anchorage, AK: less expensive homes
- Campbell Park, Anchorage, AK: less expensive homes
- Sand Lake, Anchorage, AK: higher priced homes
- Airport Heights, Anchorage, AK: less expensive homes
Neighborhoods with Similar Populations
- Lawndale, Philadelphia, PA: less expensive homes
- Yorkshire, Charlotte, NC: higher priced homes
- University District, Portland, OR: higher priced homes
- Union Square, Somerville, MA: higher priced homes
- South 48th Street, Lincoln, NE: less expensive homes
- Prospect Park, Minneapolis, MN: higher priced homes
- Outer Mission, San Francisco, CA: higher priced homes
- McMurray-Huntingdon, Nashville, TN: higher priced homes
- La Homa, Mission, TX: less expensive homes
- Kensington, Buffalo, NY: less expensive homes
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