The City of Lights and Flowers
Anchorage, Alaska’s largest city, is in the south-central part of the state on the Cook Inlet.
It’s known for its cultural sites, including the Alaska Native Heritage Center, which displays traditional crafts, stages dances, and presents replicas of dwellings from the area’s indigenous groups. The city is also a gateway to nearby wilderness areas and mountains including the Chugach, Kenai and Talkeetna.
Near or in the city you can go biking, camping, fishing, four-wheeling, golfing, hiking, horseback riding, hunting, kayaking, rafting or walk on trails during the summer. During the winter months you can go dog sledding, ice climbing, ice skating, see the Northern Lights, skiing, snowmobiling or just watch the wildlife. You can take tours to really get to know the nature that surrounds your new home a little bit better. Each day you will see new sights and new wonders that make you so happy that you moved to Anchorage, Alaska.
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Anchorage Real Estate Market Facts
$302,500 Median property value
$1,106 Median rent asked as of March 2017
61.4% of the housing units in Anchorage, AK are occupied by their owner. This is lower than the national average of 63%.
2.7 People per home
Above is a snapshot look at the real estate market in Anchorage, AK. In Anchorage, AK, the median house price is $302, 500. Anchorage, AK has a median rent price of $1,1106. One bedroom apartments in Anchorage rent for $1065 a month on average and two bedroom apartment rents average $1111. . 61.4% of the housing units in Anchorage, AK are occupied by their owner. This is lower than the national average of 63%. The average amount of people who reside in each home is 2.7. Anchorage, AK has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Anchorage, AK real estate for sale.
Anchorage Home Affordability
The largest share of households in Anchorage, AK pay $3k+ in property taxes.
3.8x is the Home Price to Income Ratio
When looking for real estate in Anchorage, AK, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Anchorage, AK, the median price of a home is $302,500 and $78,662 is the median household income. This means that the home price to income ratio is 3.8x, a ratio that is 2% higher than the average in Alaska. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Anchorage, AK will be more financially accessible if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. Give us a call today 1 907 230 1992 and let us assist you on looking for that affordable home.
All Anchorage Neighborhoods
The city of Anchorage, AK has a population of 298,675 and a population density of 175 people per square mile. There are a total of 38 Anchorage, AK neighborhoods.
Quick Searches for Anchorage, AK Real Estate
Click on any of the house icons on the map below to view all of the available homes for sale nearby Anchorage.
This section arranges the homes by prices. Simply use the links below to narrow down your home search to the areas near Anchorage. If you have any questions about the information provided on this page, please feel free to call or text directly at 907 230-1992. We’re here to help whenever you need us.