Alaska Average Home Price by City (2026)

The average home price in Alaska (AK) is about $409,000 — the 2026 median, at ~$268/sq ft — 39% more expensive than the typical U.S. home.

$409,000
Alaska median value
$268
Median price / sq ft
~1,530
sq ft a median budget buys
+39%
vs U.S. median
Anchorage — $419,000AnchorageFairbanks — $324,000Fairbanks

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Alaska?

Housing in Alaska is 39% more expensive than the national average, with a typical home around $409,000 and a local rate near $268 per square foot. Among the 2 Alaska cities we track, Anchorage is the most expensive (median $419,000) and Fairbanks is the most affordable (median $324,000) — so where you land in the state matters as much as the state itself.

Browse Alaska cities

Anchorage$419,000Fairbanks$324,000

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in Alaska

To buy the typical $409,000 home in Alaska with 20% down, you need a household income of roughly $111,000 a year (about $2,600 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $132,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$20,500$3,230/mo$138,000/yr
10% (+PMI)$40,900$3,080/mo$132,000/yr
20%$81,800$2,600/mo$111,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Alaska

At about $268 per square foot, here is roughly how much home different budgets get you in Alaska:

BudgetApprox. sizeWhat that looks like locally
$200k750 sq ftbelow the local median — condos, smaller or older homes
$250k930 sq ftbelow the local median — condos, smaller or older homes
$300k1120 sq ftbelow the local median — condos, smaller or older homes
$400k1490 sq ftaround the typical home here
$500k1870 sq ftaround the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Alaska so you can compare your current home against every Alaska city we track.

Alaska home prices: frequently asked

What salary do you need to buy a house in Alaska? +
For the typical $409,000 home in Alaska, a household income of about $111,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $132,000; with 5% down about $138,000.
What is the average home price in Alaska? +
The average home price in Alaska is about $409,000 as of 2026, at roughly $268 per square foot — 39% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Alaska (AK)? +
About $409,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $268/sq ft, a median budget in Alaska buys roughly 1,530 sq ft of home.
Where is Alaska most and least expensive? +
Among the 2 Alaska cities tracked here, Anchorage is the priciest (median $419,000) and Fairbanks is the most affordable (median $324,000). ZIP-level prices within one city vary further, so check the city page for your area.