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Anchorage Borough, AK home prices

Anchorage Borough, AK: the typical home is worth $431,988 as of 2026-05, up +4.2% over the past year and +184.9% since 2000. Listings run about $259/sq…

Data as of · by the Real Estate Price Map data team · methodology & sources

Anchorage Borough is cooling and overvalued — affordable for what people here earn.

Momentum+4.2%Cooling
Valuation+20%Elevated
Affordability7/10Affordable
Market31 daysSeller's market

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1975: $58,914 → 2026: $431,988 (7.3×) pre-2000 estimated via FHFA index

Typical value$431,9882026-05
1-year+4.2%
5-year+21.7%
10-year+32.6%
Since 2000+184.9%
Population289k2024
Median income$93,8812023 · 4.6× income
Median rent$1,756/mo2026 · 4.9% gross yield
New homes/yr3412024
Price / sq ft$259listings
Days on market312026-06
Active listings3602026-06
Price cuts13%of listings

Market read

At $431,988, homes in Anchorage Borough sit 19% above the Alaska median ($362,859) and 85% above the US median ($233,954). That ranks #3 of 14 Alaska counties by price.

Prices are holding steady (+4.2% in the last year) — a balanced market.

Homes here move at a steady pace — a median 31 days on the market, with 13% of listings cutting their asking price.

At 4.6× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~20% expensive for local incomes and rents.

Renting looks cheaper — buying the typical home runs ~$2,132/mo (P&I, 20% down) vs $1,756/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Matanuska Susitna Borough, AK ($406,699) · Kenai Peninsula Borough, AK ($347,751) · Fairbanks North Star Borough, AK ($312,161) · Southeast Fairbanks Borough, AK ($292,592) · Kodiak Island Borough, AK ($409,372) · Haines Borough, AK ($345,562)

Frequently asked questions

What is the average home price in Anchorage Borough, AK?
The typical home in Anchorage Borough is worth $431,988 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Anchorage Borough rising or falling?
Prices are up +4.2% over the past year and +184.9% since 2000 — a balanced market.
Is Anchorage Borough affordable?
At 4.6× the local median income of $93,881, Anchorage Borough is pricier than the typical US county.
What is the rental yield in Anchorage Borough?
Median rent is $1,756/mo — a gross rental yield of 4.9% on the typical home.
How fast do homes sell in Anchorage Borough?
Homes here take a median of 31 days to sell, with 13% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$151,650
2001$156,665
2002$190,905
2003$199,288
2004$212,941
2005$231,606
2006$253,399
2007$272,053
2008$282,573
2009$282,691
2010$283,151
2011$282,178
2012$278,532
2013$295,913
2014$304,150
2015$314,583
2016$326,248
2017$326,271
2018$326,539
2019$329,640
2020$356,256
2021$353,933
2022$370,066
2023$386,666
2024$398,320
2025$412,407
2026$425,566