Anchorage housing market
Typical home value
$425K
▲ 5.7% 1 yr
Typical rent
$1,890/mo
▲ 3.9% 1 yr
12-month forecast
+3.6%
#77 of 546 metros
Gross rent yield
5.3%
#369 of 546 · U.S. 6.3%
Days to pending
28 days
▼ −1 day 1 yr
Listings with a price cut
30%
▲ +0.4 pts 1 yr
Key takeaways
- 1The typical home is worth $424,607, up 5.7% in a year and up 21% over five years.
- 2Zillow forecasts home values rising 3.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,890/mo (+3.9% YoY), a 5.3% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,333/mo in principal and interest, $443 more than renting.
- 5Homes go under contract in 28 days (−1 day vs last year); 30% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 52/100, #110 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Anchorage compares
| Measure | Anchorage | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +5.7% | +1.2% | #46 |
| Home value, 5-yr change | +21.3% | +19.7% | |
| 12-month forecast | +3.6% | +1.1% | #77 |
| Rent, 1-yr change | +3.9% | +2.7% | #202 |
| Gross rent yield | 5.3% | 6.3% | #369 |
| Price-to-rent ratio | 18.7 | 15.8 | |
| Mortgage P&I on typical home | $2,333 | $2,012 | |
| Income needed to buy | $122,125 | $100,902 | |
| Days to pending | 28 | 56 |
Cities in the Anchorage metro
3 cities with home value and rent data.
| Anchorage | $423K | ▲ 5.3% | $1,845 | ▲ 3.8% | 5.2% |
| Wasilla | $423K | ▲ 5.7% | $1,843 | ▲ 2.8% | 5.2% |
| Eagle River | $490K | ▲ 5.3% | $2,384 | ▲ 6.7% | 5.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Anchorage rental ($425K, $1,890/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Anchorage home.
Rent vs buy
Is it cheaper to rent or buy in Anchorage?
Other Alaska metros
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.