Anchorage, Alaska.
Typical home $422,584 (+5.3% in a year), asking rent $1,845 (+3.8%). Anchorage, AK metro.
to buy the typical home at today's mortgage rate — +$972 (+78%) since Jan 2020.
- 1 year
- Up $21,147 +5%
- $401,437$422,584 since Sep 2025
- 5 years
- Up $71,793 +20%
- $350,791$422,584 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Anchorage$2,218
- Alaska$2,089
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Anchorage, AK rose 5.3% over the past year — faster than the nation's +1.2%.
Asking rents in Anchorage, AK rose 3.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Anchorage runs $1,269/mo more than renting one. The gap peaked at $1,278 in Oct 2023.
That is $3,114 a month against $1,845 rent: a $2,218 mortgage payment, plus $443 property tax and $452 insurance & upkeep.
Owning vs renting — Anchorage
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,114
- Renting$1,845
- Mortgage only$2,218
Property tax · $443/mo 1.26% of value a year — the ACS 2020-2024 median bill over the median home value for Anchorage Borough, AK
Insurance & upkeep · $452/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Anchorage, Anchorage Municipality, Alaska
Anchorage is a town of 291,247 people in Anchorage Municipality. Half its households earn more than $103,284 a year and half less, against $103,284 across Anchorage Municipality; 9% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Anchorage was 3.0% in August 2026, and Anchorage Municipality had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then government.
Written by AI Claude Sonnet 5.5 wrote this on 26 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Anchorage is Alaska's largest city, and it is home to a large share of the state's people. Most homes are lived in by their owners, and household incomes run high, with relatively few people living below the poverty line. Winters are long and cold, with January the coldest month, while summers stay mild and cool, and the year brings a modest amount of rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, in government, in professional and business services, and in transport, warehouses and utilities. Among the largest workplaces in Anchorage are the Anchorage School District, the Alaska Native Medical Center and Providence Alaska Medical Center. Unemployment is low and has eased slightly over the past year, and the number of jobs has edged up. Commutes are short, and some people work from home.
Things to do. Chugach State Park is a protected area, a longer drive away, for hiking and time outdoors. The Alaska Zoo and the Alaska Botanical Garden are both a longer drive away, and the Alaska Native Heritage Center is a museum, also a longer drive away. Alyeska, a ski area, is likewise a longer drive away for a winter day on the slopes.
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- 108,597households
- 39%of adults have a degree
- 9%below the poverty line
- 19 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Anchorage Municipality had 148,620 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 6°; warmest in July, with highs near 67° and lows near 48°. About 23 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Eagle River Nature Ctr weather station, 4 miles away (NOAA).
Largest workplaces in Anchorage
- Anchorage School DistrictSchool district5,389FTE
- Alaska Native Medical CenterGeneral hospital3,047FTE
- Providence Alaska Medical CenterGeneral hospital2,392FTE
- University of Alaska AnchorageUniversity or college2,176
- Alaska AirlinesScheduled air passenger transportation1,291
- ASRC Energy Services O&M KuparukOil and gas field services on a contract basis1,283
- UPSOther airport operations1,275
- State of Alaska1,135
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 297 workplaces with 20 or more staff, 52,515 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesVery high
- Winter weatherVery high
- AvalanchesRelatively high
- TsunamisRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Anchorage’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Anchorage Municipality and the Anchorage, AK metro.
Anchorage home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Anchorage$422,584
- Alaska$397,932
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Anchorage listings, and the typical home goes pending in 9 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Anchorage30.17%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Anchorage9
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Anchorage646
New listings per month
Sellers arriving at the market.
- Anchorage302
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Anchorage$417,821
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Anchorage100.57%
Zip codes with a Anchorage address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Anchorage — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Anchorage
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 99504 | Anchorage | 42,093 | $2,209 | $366,544 |
| 99507 | Anchorage | 37,301 | $1,900 | $424,233 |
| 99508 | Anchorage | 36,458 | $1,603 | $349,730 |
| 99502 | Anchorage | 25,006 | $1,828 | $448,793 |
| 99515 | Anchorage | 21,870 | $2,144 | $480,494 |
| 99516 | Anchorage | 21,500 | $3,650 | $697,137 |
| 99517 | Anchorage | 16,486 | $1,880 | $411,950 |
| 99501 | Anchorage | 16,175 | $1,702 | $361,618 |
| 99503 | Anchorage | 12,964 | $1,430 | $337,182 |
| 99518 | Anchorage | 9,764 | $1,936 | $346,961 |
| 99587 | Girdwood | 1,949 | — | $727,798 |
| 99540 | Indian | 468 | — | $588,528 |