Anchorage Downtown, Anchorage, AK—99502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage Downtown, Anchorage, AK
As of Oct '25, the median home price in Anchorage Downtown, Anchorage, AK is $429,000, with a year-over-year change of 3.4%. This indicates that home prices in Anchorage Downtown, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 3.4% |
| Single Family | $453,000 | 2.7% |
| Condos | $227,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $156,000 | 8.3% |
2 Bed | $239,000 | 3.9% |
3 Bed | $418,000 | 3.5% |
4 Bed | $532,000 | 3.1% |
| 5 Bed | $681,000 | 2.4% |
% of Housing Stock
Rental Trends — Anchorage Downtown, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage Downtown, Anchorage, AK is $2,260, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Anchorage Downtown, Anchorage, AK is 1-bedrooms: $1,270, 2-bedrooms: $1,640, 3-bedrooms: $2,630, 4-bedrooms: $6,050. The most common rental property sizes in Anchorage Downtown, Anchorage, AK are 2-bedroom and 3-bedroom, accounting for 48.8% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,600 | $1,640 |
| 3 Bed Rent | $2,700 | $2,630 |
| 4 Bed Rent | $3,600 | $6,050 |
% of Rental Stock
Property Listings — Anchorage Downtown, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage Downtown, Anchorage, AK is 42. This is a increase of 5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | 16.0% |
Listing Count | 91 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 42 | 5.0% |
Demographics — Anchorage Downtown, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage Downtown, Anchorage, AK has a population of 26,100, which has increased by 5.8% over the past 5 years. Anchorage Downtown, Anchorage, AK is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 5.8% |
% Under 18 | 25.9% | -1.5% |
% Seniors | 9.4% | -2.1% |
% WFH | 11.1% | 311.1% |
% w/ College Degree | 37.4% | 5.4% |
As of the latest ACS Survey released in 2023, Anchorage Downtown, Anchorage, AK is a predominantly white area, with 57.5% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Anchorage Downtown, Anchorage, AK is asian, making up 8.7% of the population. Foreign-born residents account for 9.1% of the population in Anchorage Downtown, Anchorage, AK, and this percentage has decreased by 20.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.5% | -7.7% |
% Black | 2.7% | -37.2% |
% Hispanic | 8.3% | -15.3% |
% Asian | 8.7% | 0.0% |
% Foreign Born | 9.1% | -20.9% |
Mortgage and Risk — Anchorage Downtown, Anchorage, AK
According to HUD data as of 2023, there were 285 mortgage originations in Anchorage Downtown, Anchorage, AK, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage Downtown, Anchorage, AK. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 285 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Anchorage Downtown, Anchorage, AK
As of 2024, the percent of homes in Anchorage Downtown, Anchorage, AK under the Section 8 program is 8.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Anchorage Downtown, Anchorage, AK, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 269 |
Total Units Section 8 | 212 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,300 | $1,270 |
| 2 Bedroom | $60 | $1,600 | $1,660 |
| 3 Bedroom | -$370 | $2,700 | $2,330 |
| 4 Bedroom | -$810 | $3,600 | $2,790 |
Affordability — Anchorage Downtown, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $429,000 |
| Median Household Income | $118,000 |