Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$435,264+5.4% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$94,356About 0.9× the local median income ($103,780): affordable for a typical household
Days on market54 daysAbout the same pace as a year ago
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Anchorage Borough, AK is worth $435,264, up 5.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $446,723, so the area is 2.6% undervalued. It is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are up 12% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $94,356 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $103,780. Typical rent is $1,900 a month, or $2,638 for a house. In the latest IRS figures, 2,372 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$435,264
Change in 1 year
+5.4%
Overvalued %
−2.6%
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Fair home value
$446,723
Change in 5 years
+20.7%
Zillow forecast, next 12 months
+3.6%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$2,359
Income needed to afford it
$94,356
Property tax rate
1.26%
Rent and investing
Typical rent
$1,900
Typical rent for houses
$2,638
Price-to-rent ratio
19.1×
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HUD Fair Market Rent, 2 bedrooms
$1,529
Gross rental yield
5.24%
Cap rate (estimate)
3.41%
Market activity
Listings vs a year ago
+11.9%
Days on market
54
Listings with a price cut
17.7%
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Homes for sale
544
Pending sales per 100 listings
66
Asking price per sq ft
$265
People and jobs
Median household income
$103,780
Population change (1 year)
−0.1%
Unemployment rate
4.6%
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Population
287,155
Income adjusted for cost of living
$98,463
Net moves in (IRS)
−2,372
Cost of living (US = 100)
105.4
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
97.4
Unhealthy air days a year
1
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Flood risk score
28.0
Wildfire risk score
78.6
Walkability (1 to 20)
10.0
Road, rail and air noise
54 dB
Questions people ask
Is Anchorage Borough, AK overvalued?
Home prices in Anchorage Borough, AK are slightly below what local incomes have historically supported: fair value is about $446,723, so the area is 2.6% undervalued.
Is Anchorage Borough, AK a buyer's or seller's market?
Anchorage Borough, AK is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are up 12% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Anchorage Borough, AK?
Home values in Anchorage Borough, AK are up 5.4% over the last year. Zillow's forecast for the next 12 months is +3.6%.
How much do you need to earn to buy a home in Anchorage Borough, AK?
A household needs about $94,356 a year to afford the typical home in Anchorage Borough, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $103,780.