Home Values in Anchorage, Alaska — 2026 Market Report
Updated March 2026 | Balanced Market | +3.5% YoY
The median home value in Anchorage, Alaska is $355,000 as of March 2026, which is below the national median of $400,000. Home values in Anchorage have increased by 3.5% over the past year and 18.8% over the last five years. With a population of 291,247 and a median household income of $84,813, the price-to-income ratio stands at 4.2x, making Anchorage affordable for the average household.
Anchorage Housing Market Conditions
| Metric | Anchorage | National Avg |
|---|---|---|
| Median Home Value | $355,000 | $400,000 |
| YoY Appreciation | +3.5% | +3.8% |
| 5-Year Appreciation | +18.8% | +22.4% |
| Price per Sq Ft | $117 | $222 |
| Days on Market | 58 days | 45 days |
| Months of Supply | 4.2 | 3.5 |
| List-to-Sale Ratio | 97.4% | 98.5% |
| Monthly Homes Sold | 276 | — |
| Foreclosure Rate | 0.58% | 0.3% |
Home Value Trends in Anchorage
A homeowner who purchased at the median price of $298,822 five years ago in Anchorage would have gained approximately $56,178 in equity, representing a 18.8% return on investment. Over the past year alone, the typical homeowner gained $12,005 in home equity.
Affordability in Anchorage, AK
With a median household income of $84,813 and a median home price of $355,000, the price-to-income ratio in Anchorage is 4.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,321 compared to estimated monthly ownership costs of $1,994 gives a rent-vs-buy ratio of 0.86. In Anchorage, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Anchorage
The effective property tax rate in Alaska is 1.04%. On a home valued at $355,000, the estimated annual property tax bill is $3,692, or approximately $308/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Anchorage is 127.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Anchorage, AK?
The median home value in Anchorage, Alaska is $355,000 as of March 2026. Home values have changed +3.5% over the past year, with a 5-year appreciation of 18.8%.
Is Anchorage a buyer's or seller's market?
Anchorage is currently a balanced market with 4.2 months of housing supply. Homes spend an average of 58 days on market, and the list-to-sale price ratio is 97.4%. Supply and demand are relatively balanced.
Are home values going up in Anchorage?
Yes, home values in Anchorage have increased by 3.5% over the past year. The 5-year appreciation rate is 18.8%, meaning a home worth $298,822 five years ago is now worth $355,000.
Is it better to rent or buy in Anchorage?
The average monthly rent in Anchorage is $2,321, while estimated monthly homeownership costs are approximately $1,994. The price-to-rent ratio is 12.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Alaska Cities
Related Resources
Disclaimer: Home value data for Anchorage, Alaska is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.