Market Overview
Home Prices in Chugiak, AK
The median home value in Chugiak, AK is $516,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chugiak are priced26% above average. Chugiak is part of the Anchorage, AK metro area.
Over the past five years, Chugiak home values have risen by approximately20.6%, reflecting strong long-term appreciation in this market.
Price History
Chugiak Home Price Trend
City Comparison
Chugiak vs. National Median
At $516,816, homes in Chugiak cost 26% above the national median of $410,000. Buyers in Chugiak should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Chugiak?
20% Down Payment
$103,363
on $516,816
Monthly P&I
$2,695/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,423/mo
incl. taxes & insurance
Income Needed
$136,920
gross annual (30% rule)
10% Down Option
$51,682
+ PMI applies
Loan Amount (20% dn)
$413,453
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 Chugiak, AK?
The median home value in Chugiak is $516,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Chugiak?
Over the past year, home values in Chugiak have increased by 3.1%. Over five years, prices have risen approximately 20.6%.
How much do I need to earn to buy a home in Chugiak?
To comfortably afford the median home price of $516,816 with a 20% down payment ($103,363) at today's rates (6.8%), you'd need a gross annual income of approximately $136,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Chugiak compare to the national average home price?
The national median home value is approximately $410,000. At $516,816, homes in Chugiak are 26% above the national average.
What metro area is Chugiak part of?
Chugiak is part of the Anchorage, AK metropolitan area. Home prices and market conditions can vary across the broader metro region.