Anchorage Municipality, AK Average Home Price (2026)
The average home price in Anchorage Municipality, Alaska is about $449,000 (the 2026 median across 13 ZIP codes, at ~$271/sq ft) — 12% more expensive than the Alaska median and 55% more expensive than the typical U.S. home.
How Anchorage Municipality compares
Anchorage Municipality is relatively expensive for housing nationally: its typical home costs $449,000 against $401,000 for Alaska and $289,000 for the U.S. Within the county, ZIP-level values run from about $347,000 to $728,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Anchorage Municipality | $449,000 | $271 |
| Alaska | $401,000 | $266 |
| United States | $289,000 | $193 |
Cities in Anchorage Municipality
Cities with their own home-value page, largest first:
Anchorage Municipality home prices by ZIP code
The 13 most valuable ZIP codes in Anchorage Municipality (of 13 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 99587 Anchorage | $728,000 | $636 | +62% |
| 99516 Anchorage | $697,000 | $289 | +55% |
| 99540 Anchorage | $589,000 | $226 | +31% |
| 99567 Chugiak | $513,000 | $247 | +14% |
| 99577 Eagle River | $492,000 | $277 | +10% |
| 99515 Anchorage | $480,000 | $272 | +7% |
| 99502 Anchorage | $449,000 | $271 | +0% |
| 99507 Anchorage | $424,000 | $260 | -6% |
| 99517 Anchorage | $412,000 | $246 | -8% |
| 99504 Anchorage | $367,000 | $227 | -18% |
| 99501 Anchorage | $362,000 | $296 | -19% |
| 99508 Anchorage | $350,000 | $226 | -22% |
| 99518 Anchorage | $347,000 | $280 | -23% |
Home value appreciation in Anchorage Municipality
Home prices in Anchorage Municipality have risen about 42% over the last 10 years (≈3.5% a year) and +74.8% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.0% — still rising. A home worth $449,000 today was worth roughly $316,867 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Alaska is +52.4% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Anchorage Municipality
Run the numbers for Anchorage Municipality with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Anchorage Municipality
To buy the typical $449,000 home in Anchorage Municipality with 20% down, you need a household income of roughly $122,000 a year (about $2,850 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $145,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $22,500 | $3,540/mo | $152,000/yr |
| 10% (+PMI) | $44,900 | $3,390/mo | $145,000/yr |
| 20% | $89,800 | $2,850/mo | $122,000/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 Anchorage Municipality
At about $271 per square foot, here is roughly how much home different budgets get you in Anchorage Municipality:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 920 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1110 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1480 sq ft | around the typical home here |
| $500k | 1850 sq ft | around the typical home here |
| $600k | 2210 sq ft | above the median — larger homes or the pricier ZIPs |
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.
Estimate a specific home in Anchorage Municipality
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Anchorage Municipality home prices: frequently asked
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Browse all Alaska cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.