Anchorage East, Anchorage, AK—99504
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage East, Anchorage, AK
As of Oct '25, the median home price in Anchorage East, Anchorage, AK is $347,000, with a year-over-year change of 3.1%. This indicates that home prices in Anchorage East, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 3.1% |
| Single Family | $378,000 | 3.0% |
| Condos | $267,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | 6.9% |
3 Bed | $347,000 | 3.0% |
4 Bed | $420,000 | 4.0% |
| 5 Bed | $452,000 | 1.8% |
% of Housing Stock
Rental Trends — Anchorage East, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage East, Anchorage, AK is $2,040, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Anchorage East, Anchorage, AK is studios: $1,100, 1-bedrooms: $1,250, 2-bedrooms: $1,740, 3-bedrooms: $2,430, 4-bedrooms: $3,140. The most common rental property sizes in Anchorage East, Anchorage, AK are 2-bedroom and 3-bedroom, accounting for 46.7% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,040 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,700 | $1,740 |
| 3 Bed Rent | $2,400 | $2,430 |
| 4 Bed Rent | $3,000 | $3,140 |
% of Rental Stock
Property Listings — Anchorage East, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage East, Anchorage, AK is 44. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -5.0% |
Listing Count | 148 | 0.0% |
| Listings as % of Homes | 0.2% | 0.0% |
Days on Market | 44 | -14.0% |
Demographics — Anchorage East, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage East, Anchorage, AK has a population of 41,700, which has decreased by -1.9% over the past 5 years. Anchorage East, Anchorage, AK is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | -1.9% |
% Under 18 | 24.3% | -6.5% |
% Seniors | 14.2% | 31.5% |
% WFH | 9.7% | 273.1% |
% w/ College Degree | 30.6% | 5.9% |
As of the latest ACS Survey released in 2023, Anchorage East, Anchorage, AK is a predominantly white area, with 40.6% of the population identifying as white. The white population has shrunk by 18.5% in the last 5 years. The second most common race or ethnicity in Anchorage East, Anchorage, AK is asian, making up 13.4% of the population. Foreign-born residents account for 11.6% of the population in Anchorage East, Anchorage, AK, and this percentage has increased by 13.7% 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 | 40.6% | -18.5% |
% Black | 9.9% | 4.2% |
% Hispanic | 8.6% | -15.7% |
% Asian | 13.4% | 24.1% |
% Foreign Born | 11.6% | 13.7% |
Mortgage and Risk — Anchorage East, Anchorage, AK
According to HUD data as of 2023, there were 432 mortgage originations in Anchorage East, Anchorage, AK, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 62.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage East, Anchorage, AK. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 432 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Anchorage East, Anchorage, AK
As of 2024, the percent of homes in Anchorage East, Anchorage, AK under the Section 8 program is 10.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Anchorage East, Anchorage, AK, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 659 |
Total Units Section 8 | 547 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,200 | $1,250 |
| 2 Bedroom | -$60 | $1,700 | $1,640 |
| 3 Bedroom | -$100 | $2,400 | $2,300 |
| 4 Bedroom | -$250 | $3,000 | $2,750 |
Affordability — Anchorage East, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $347,000 |
| Median Household Income | $83,300 |