Anchorage AK Single Family Homes For Sale - 256 Homes | Zillow (2024)

FAQs

How is the housing market in Anchorage Alaska? ›

Sale-to-list price ratio: 106.4% Homes in Anchorage, AK sold for 6.4% above asking price on average in June 2024. Anchorage, AK is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

Beyond its breathtaking beauty, Alaska offers investment potential through its diverse property types, including cabins, waterfront homes, and urban dwellings. Anchorage and other urban centers boast a range of job opportunities in industries like healthcare, technology, and tourism, attracting a growing population.

In the late 1960s and 1970s, as Anchorage was experiencing an oil-stoked boom in population, entire neighborhoods of split-level homes went up in Anchorage. Over the decades, they've remained the dominant architectural form of single-family homes in Anchorage, even as tastes have changed.

There are currently 2,810 homes for sale in Alaska. The median list price in Alaska is $440,000 and the average price per square foot is $240.

Alaska Housing Market Overview

In June 2024, home prices in Alaska were up 3.2% compared to last year, selling for a median price. On average, the number of homes sold was down 19.6% year over year and there were 631 homes sold in June this year, down 786 homes sold in June last year.

Housing, groceries, healthcare, utilities, and transport are all above the national average. So how much money do you need? The average salary in Alaska is $61,670 per year, whereas average personal consumption is $48,739, so if you can hit that average or above, you'll be able to live comfortably in Alaska.

Homebuyers generally need a down payment of 20% to get a mortgage in Alaska, but there are also low-down-payment and zero-down-payment options available.

The average effective property tax rate in Alaska is 1.17%, which is higher than the national average of 0.99%.

In areas such as southeast Alaska, lots of rain and high relative humidity can constantly wet the siding of a building, causing wood siding to warp and cup if it is not carefully finished on both sides and installed so that both sides dry out quickly.

Can you just build a house in Alaska? ›

Yes, you can build your own house in Alaska, if you have land in an area of your choice. You have to budget for the time and the cost of building your home though. You will also need permits to build your house. Permit fees depend on the home value or the construction area.

A standard Alaska home has 6-mil polyethylene plastic sheeting along the inside the wall to keep water vapor generated inside from getting into the wall framing.

The average Anchorage, AK home value is $375,968, up 1.5% over the past year and goes to pending in around 4 days.

Anchorage is a city that is renowned for its friendly community and welcoming atmosphere. Despite being the largest city in Alaska, Anchorage has managed to maintain a small-town feel. The community is made up of people from all walks of life, and this melting pot of cultures creates a unique community.

Anchorage, AK housing is 39% more expensive than the U.S average, while utilities are about 11% pricier. When it comes to basic necessities such as food and clothing, groceries are around 17% more in Anchorage, AK than in the rest of the country, while clothing costs around 17% more .

Between 2010 and 2022, Alaska had the largest growth with 19,601 new residents. the US had the largest decline with 0 fewer people. Among counties, Anchorage Municipality, Alaska had the largest growth with -6,615 more people. Anchorage Municipality, Alaska had the largest decline with 6,615 fewer residents.

The property taxes do a lot of heavy lifting. The city lacks a sales tax, while support from the state of Alaska has fallen significantly over the decade. Property taxes help pay for schools as well as police, fire and road maintenance, among other services.