Anchorage, AK
Anchorage County · Pop. 288,000
Ranked #77 of 243 cities
48Moderate
Median Home Price
🏠$340K
1.5% YoY
Median Rent
🔑$1,350
1.0% YoY
Median Income
💰$78K
Rent Burden
📊26.0%
% of income to rent
Income to Buy
🏦$98K
annual income needed
Income to Rent
📝$54K
annual income needed
Price-to-Income
⚖️4.4x
Homeownership
🏡62.0%
Rent vs. Buy
Buy
$1,810/mo
Est. mortgage (7%, 20% down)
Need $98K/yr income
Rent
$1,350/mo
Median rent
Need $54K/yr income
How Anchorage Compares
| Metric | Anchorage | Alaska | National |
|---|---|---|---|
| Home Price | $340K | $348K | $410K |
| Rent | $1,350 | $1,373 | $1,500 |
| Income | $78K | $87K | $75K |
| Rent Burden | 26.0% | 30.2% | 30.0% |
Key Takeaways
- • Home prices in Anchorage are 17% lower than the national average.
- • Rent is 10% lower than the national average.
- • You need an income of $98K to comfortably buy a home here.
- • The homeownership rate is 62.0%, compared to 65.0% nationally.