Market Overview
Home Prices in Anchorage, AK
The median home value in Anchorage, AK is $424,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Anchorage are priced4% above average. Anchorage is part of the Anchorage, AK metro area.
Over the past five years, Anchorage home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Anchorage Home Price Trend
City Comparison
Anchorage vs. National Median
At $424,577, homes in Anchorage cost 4% above the national median of $410,000. Buyers in Anchorage should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Anchorage?
20% Down Payment
$84,915
on $424,577
Monthly P&I
$2,214/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,812/mo
incl. taxes & insurance
Income Needed
$112,480
gross annual (30% rule)
10% Down Option
$42,458
+ PMI applies
Loan Amount (20% dn)
$339,662
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Anchorage, AK?
The median home value in Anchorage is $424,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Anchorage?
Over the past year, home values in Anchorage have increased by 4.6%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Anchorage?
To comfortably afford the median home price of $424,577 with a 20% down payment ($84,915) at today's rates (6.8%), you'd need a gross annual income of approximately $112,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Anchorage compare to the national average home price?
The national median home value is approximately $410,000. At $424,577, homes in Anchorage are 4% above the national average.
What metro area is Anchorage part of?
Anchorage is part of the Anchorage, AK metropolitan area. Home prices and market conditions can vary across the broader metro region.