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Chugiak

Top destinations in Alaska for military residency

Chugiak is an unincorporated community in the Municipality of Anchorage in the U.S. state of Alaska, situated approximately 20 miles northeast of downtown Anchorage.The name “Chugiak” comes from a Dena’ina word meaning “place of many places”. Chugiak was first heavily settled in the 1950s, primarily by the homesteading by former military personnel who had served in Alaska during World War II. It is currently one of the main sites of suburban expansion near Anchorage.

There are about 8,300 residents, most of whom work in Anchorage or the Matanuska-Susitna Valley, and are spread out mainly along the Glenn Highway. The urban cluster of Anchorage Northeast (including Chugiak and surroundings) has an estimated population of 31,000 (2010), covering an area of 39 km².

Chugiak is also the home of the “Birchwood Shooting & Recreational Park”, (adjacent to the Birchwood Airport), the largest rifle, pistol, and shotgun range facility in the State of Alaska. The annual Alaska State Trap and Skeet competitions are held there.

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Chugiak Real Estate Market Facts

$353,275 Median home price 43% higher than Anchorage

$1,292 Median rent asked 14% higher than Anchorage

75.0% are Home owners 18% higher than Anchorage

2.6 People per home 6% lower than Anchorage

Above is a snapshot look at the real estate market in Chugiak, AK. In Chugiak, AK, the median house price is $353, 275. Chugiak, AK has a median rent price of $1,292. A studio rental is around $980, one bedroom apartments will cost $1161 and two bedrooms $1320 on average. 75% of the housing units in Chugiak, AK are occupied by their owner. This is 18% higher than Anchorage. The average amount of people who reside in each home is 2.6. Chugiak, 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 Chugiak, AK real estate for sale.

Chugiak Home Affordability

$353,275 Median home price 43% higher than Anchorage

$92,164 Median home income 28% higher than Anchorage

3.8x Home price to income ratio 12% higher than Anchorage

When looking for real estate in Chugiak, 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 Chugiak, AK, the median price of a home is $353,275 and $92,164 is the median household income. This means that the home price to income ratio is 3.8x. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Chugiak, AK will be more financially accessable 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.

Quick Searches for Chugiak, AK Real Estate

Click on any of the house icons on the map below to view all of the available homes for sale nearby Chugiak.

This section arranges the homes by prices.  Simply use the links below to narrow down your home search to the areas near Chugiak.  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.

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Chugiak Properties
©2018 Alaska Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AKMLS). Information provided is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Core Real Estate Group, LLC are marked with either the listing firm's logo or AK MLS logo and detailed information about them includes the name of the listing brokerage. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.