Market Overview
Home Prices in Eagle River, AK
The median home value in Eagle River, AK is $492,205 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eagle River are priced20% above average. Eagle River is part of the Anchorage, AK metro area.
Over the past five years, Eagle River home values have risen by approximately19.7%, reflecting steady appreciation in this market.
Price History
Eagle River Home Price Trend
City Comparison
Eagle River vs. National Median
At $492,205, homes in Eagle River cost 20% above the national median of $410,000. Buyers in Eagle River should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Eagle River?
20% Down Payment
$98,441
on $492,205
Monthly P&I
$2,567/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,260/mo
incl. taxes & insurance
Income Needed
$130,400
gross annual (30% rule)
10% Down Option
$49,221
+ PMI applies
Loan Amount (20% dn)
$393,764
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 Eagle River, AK?
The median home value in Eagle River is $492,205 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Eagle River?
Over the past year, home values in Eagle River have increased by 3.7%. Over five years, prices have risen approximately 19.7%.
How much do I need to earn to buy a home in Eagle River?
To comfortably afford the median home price of $492,205 with a 20% down payment ($98,441) at today's rates (6.8%), you'd need a gross annual income of approximately $130,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Eagle River compare to the national average home price?
The national median home value is approximately $410,000. At $492,205, homes in Eagle River are 20% above the national average.
What metro area is Eagle River part of?
Eagle River is part of the Anchorage, AK metropolitan area. Home prices and market conditions can vary across the broader metro region.