Anchorage Municipality, Alaska Housing Market
In Anchorage Municipality, Alaska, the median home value is $395,900, with a median monthly rent of $1,489. This places Anchorage Municipality at #292 nationally out of 3134 counties by median home value, and #6 within Alaska.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,472
- Establishments: 8,598
- BLS QCEW, 2025
Housing Supply
- Single-family: 147
- Multi-family: 71
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 123,146 (avg $103,154)
- Outflow: 116,425 (avg $106,085)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Anchorage Municipality · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 99501 | 257.9 | -20.26% | 2025 |
| 2 | 99518 | 267.1 | +8.39% | 2025 |
| 3 | 99517 | 253.2 | -3.61% | 2025 |
| 4 | 99507 | 264.3 | +5.72% | 2025 |
| 5 | 99577 | 255.8 | +7.53% | 2025 |
| 6 | 99516 | 252.3 | +2.54% | 2025 |
| 7 | 99504 | 252.7 | +3.45% | 2025 |
| 8 | 99502 | 264.0 | +4.28% | 2025 |
| 9 | 99508 | 256.3 | +3.18% | 2025 |
| 10 | 99515 | 257.4 | +3.63% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Anchorage Municipality Compares
| Metric | Anchorage Municipality | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $395,900 | $283,493 | $227,706 |
| Median Gross Rent | $1,489 | $1,248 | $968 |
| Owner Occupancy Rate | 63.9% | 64.7% | 73.3% |
| Price/Rent Ratio | 22.2 | 19.0 | 18.7 |
Market Analysis
The median home value in Anchorage Municipality is 39.7% above the Alaska state average and 73.9% above the U.S. national average. The median rent of $1,489/month is 19.3% above the state average.
With a price-to-rent ratio of 22.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Anchorage Municipality has an owner-occupancy rate of 63.9%, compared to 64.7% in Alaska and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Manassas Park city | Virginia | $395,900 | $2,146 |
| York County | Maine | $395,700 | $1,339 |
| Wahkiakum County | Washington | $396,800 | $853 |
| Sheridan County | Wyoming | $394,900 | $939 |
| Greene County | Georgia | $394,800 | $924 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ketchikan Gateway Borough | $393,300 | $1,505 | 68.6% |
| Kodiak Island Borough | $412,300 | $1,765 | 61.1% |
| Aleutians West Census Area | $434,700 | $1,982 | 33.5% |
| Skagway Municipality | $435,400 | $1,280 | 70.9% |
| Matanuska-Susitna Borough | $346,600 | $1,299 | 77.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).