Top destinations in Alaska for military residency
Eagle River is a community within the Municipality of Anchorage situated on the Eagle River for which it is named, between Joint Base Elmendorf-Richardson and Chugach State Park in the Chugach Mountains. If Eagle River were not part of the Municipality of Anchorage, it would be classified as one of the five largest cities in Alaska.
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Eagle River Real Estate Market Facts
$278,662 Median home price
$1,129 Median rent asked equal to Anchorage
63.9% are Home owners
3.3 People per home 19% higher than Anchorage
Above is a snapshot look at the real estate market in Eagle River, AK. In Eagle River, AK, the median house price is $278,662. Eagle River, AK has a median rent price of $1,129. A studio type rental is around $980, one bedroom will cost you $1161 and two bedroom apartments will cost $1320 on average. 63.9% of the housing units in Eagle River, AK are occupied by their owner. The average amount of people who reside in each home is 3.3. Eagle River, 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.
Eagle River Home Affordability
$278,662 Median home price 13% higher than Anchorage
$90,926 Median home income 27% higher than Anchorage
3.1x Home price to income ratio 11% lower than Anchorage
When looking for real estate in Eagle River, 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 $278,662 and $90,926 is the median household income. This means that the home price to income ratio is 3.1x, a ratio that is 11% lower than the average in Anchorage. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Eagle River, 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.
Quick Searches for Eagle River, AK Real Estate
Click on any of the house icons on the map below to view all of the available homes for sale nearby Eagle River.
This section arranges the homes by prices. Simply use the links below to narrow down your home search to the areas near Eagle River. 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.