Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$397,932+5.3% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$86,263About 0.9× the local median income ($96,336): affordable for a typical household
Days on market68 daysAbout the same pace as a year ago
Next 12 months+3.2%Zillow expects prices to rise slightly
The typical home in Alaska is worth $397,932, up 5.3% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $404,621, so the area is 1.7% undervalued. It is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are up 15% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 3.2% over the next year. A household needs about $86,263 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 $96,336. In the latest IRS figures, 4,172 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
$397,932
Change in 1 year
+5.3%
Overvalued %
−1.7%
Show 7 more
Fair home value
$404,621
Change in 5 years
+16.7%
Zillow forecast, next 12 months
+3.2%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$2,157
Income needed to afford it
$86,263
Property tax rate
1.10%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,517
Market activity
Listings vs a year ago
+15.2%
Days on market
68
Listings with a price cut
17.1%
Show 3 more
Homes for sale
2,196
Pending sales per 100 listings
45
Asking price per sq ft
$260
People and jobs
Median household income
$96,336
Population change (1 year)
+0.1%
Unemployment rate
5.8%
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Population
737,270
Income adjusted for cost of living
$94,078
Net moves in (IRS)
−4,172
Cost of living (US = 100)
102.4
Schools, risk and environment
FEMA hazard risk score (0 to 100)
79.2
Unhealthy air days a year
4
Flood risk score
32.1
Show 3 more
Wildfire risk score
74.7
Walkability (1 to 20)
7.7
Road, rail and air noise
53 dB
Questions people ask
Is Alaska overvalued?
Home prices in Alaska are slightly below what local incomes have historically supported: fair value is about $404,621, so the area is 1.7% undervalued.
Is Alaska a buyer's or seller's market?
Alaska is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are up 15% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Alaska?
Home values in Alaska are up 5.3% over the last year. Zillow's forecast for the next 12 months is +3.2%.
How much do you need to earn to buy a home in Alaska?
A household needs about $86,263 a year to afford the typical home in Alaska at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,336.