Anchorage Central, Anchorage, AK—99501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage Central, Anchorage, AK
As of Oct '25, the median home price in Anchorage Central, Anchorage, AK is $341,000, with a year-over-year change of 3.9%. This indicates that home prices in Anchorage Central, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 3.9% |
| Single Family | $420,000 | 2.9% |
| Condos | $255,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 6.5% |
2 Bed | $302,000 | 4.5% |
3 Bed | $413,000 | 4.6% |
4 Bed | $630,000 | 9.0% |
| 5 Bed | $656,000 | 2.2% |
% of Housing Stock
Rental Trends — Anchorage Central, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage Central, Anchorage, AK is $1,810, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Anchorage Central, Anchorage, AK is studios: $1,190, 1-bedrooms: $1,510, 2-bedrooms: $2,050, 3-bedrooms: $2,550, 4-bedrooms: $4,000. The most common rental property sizes in Anchorage Central, Anchorage, AK are 2-bedroom and 1-bedroom, accounting for 39.7% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,810 |
| Studio Rent | $1,200 | $1,190 |
| 1 Bed Rent | $1,300 | $1,510 |
| 2 Bed Rent | $1,800 | $2,050 |
| 3 Bed Rent | $2,500 | $2,550 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Anchorage Central, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage Central, Anchorage, AK is 70. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $405,000 | -3.0% |
Listing Count | 60 | 30.0% |
| Listings as % of Homes | 0.2% | 30.0% |
Days on Market | 70 | 11.0% |
Demographics — Anchorage Central, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage Central, Anchorage, AK has a population of 16,600, which has decreased by -2.9% over the past 5 years. Anchorage Central, Anchorage, AK is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -2.9% |
% Under 18 | 16.5% | -4.6% |
% Seniors | 16.9% | 27.1% |
% WFH | 10.3% | 157.5% |
% w/ College Degree | 40.4% | 18.8% |
As of the latest ACS Survey released in 2023, Anchorage Central, Anchorage, AK is a predominantly white area, with 52.7% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Anchorage Central, Anchorage, AK is hispanic, making up 10.9% of the population. Foreign-born residents account for 12.0% of the population in Anchorage Central, Anchorage, AK, and this percentage has increased by 3.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.7% | -1.5% |
% Black | 9.3% | 12.0% |
% Hispanic | 10.9% | 36.3% |
% Asian | 5.6% | -20.0% |
% Foreign Born | 12.0% | 3.4% |
Mortgage and Risk — Anchorage Central, Anchorage, AK
According to HUD data as of 2023, there were 141 mortgage originations in Anchorage Central, Anchorage, AK, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage Central, Anchorage, AK. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Anchorage Central, Anchorage, AK
As of 2024, the percent of homes in Anchorage Central, Anchorage, AK under the Section 8 program is 15.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Anchorage Central, Anchorage, AK, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,036 |
Total Units Section 8 | 733 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,300 | $1,090 |
| 2 Bedroom | -$370 | $1,800 | $1,430 |
| 3 Bedroom | -$500 | $2,500 | $2,000 |
| 4 Bedroom | -$1,600 | $4,000 | $2,400 |
Affordability — Anchorage Central, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $341,000 |
| Median Household Income | $69,600 |