Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$424,607+5.7% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$92,046About 0.9× the local median income ($102,111): affordable for a typical household
Days on market60 daysAbout the same pace as a year ago
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Anchorage, AK is worth $424,607, up 5.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $419,068, so the area is 1.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 60 days to sell, listings are up 11% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $92,046 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 $102,111. Typical rent is $1,890 a month, or $2,624 for a house. In the latest IRS figures, 1,376 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
$424,607
Change in 1 year
+5.7%
Overvalued %
+1.3%
Show 7 more
Fair home value
$419,068
Change in 5 years
+21.3%
Zillow forecast, next 12 months
+3.6%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$2,301
Income needed to afford it
$92,046
Property tax rate
1.20%
Rent and investing
Typical rent
$1,890
Typical rent for houses
$2,624
Price-to-rent ratio
18.7×
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HUD Fair Market Rent, 2 bedrooms
$1,460
Gross rental yield
5.34%
Cap rate (estimate)
3.47%
Market activity
Listings vs a year ago
+10.8%
Days on market
60
Listings with a price cut
19.2%
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Homes for sale
1,118
Pending sales per 100 listings
55
Asking price per sq ft
$266
People and jobs
Median household income
$102,111
Population change (1 year)
+0.3%
Unemployment rate
4.9%
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Population
405,821
Income adjusted for cost of living
$96,880
Net moves in (IRS)
−1,376
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)
96.2
Unhealthy air days a year
1
Show 4 more
Flood risk score
34.8
Wildfire risk score
83.3
Walkability (1 to 20)
8.7
Road, rail and air noise
54 dB
Questions people ask
Is Anchorage, AK overvalued?
Home prices in Anchorage, AK are slightly above what local incomes have historically supported: fair value is about $419,068, so the area is 1.3% overvalued.
Is Anchorage, AK a buyer's or seller's market?
Anchorage, AK is a balanced market, leaning toward sellers: homes take about 60 days to sell, listings are up 11% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Anchorage, AK?
Home values in Anchorage, AK are up 5.7% 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, AK?
A household needs about $92,046 a year to afford the typical home in Anchorage, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $102,111.