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Anchorage

Learn about the people, housing, costs and businesses in Anchorage

Median Home$378,743
Median Rent$1,591/month
Population401,964
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing10% information & media
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults33% of residentsabove average nationally
Homeowners67% of occupied units
NotableVeteran Community12% of residents · top 7% nationally
NotableHigh Incomes$105k/year · top 10% nationally
Anchorage

Frequently Asked Questions

What are today's mortgage rates in Anchorage?

Mortgage rates for Anchorage are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Anchorage
What is the median home price in Anchorage?

The median home value in Anchorage is $379k. The median monthly rent is $1,591. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Anchorage?

Home values in Anchorage have increased 13.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Anchorage?

Based on a typical all-in ownership cost of $1,758/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Anchorage is $105k/year.

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What industries drive the economy in Anchorage?

The largest employment sectors in Anchorage are public administration (25%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.