Anchorage Airport Area, Anchorage, AK—99507
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage Airport Area, Anchorage, AK
As of Oct '25, the median home price in Anchorage Airport Area, Anchorage, AK is $401,000, with a year-over-year change of 4.2%. This indicates that home prices in Anchorage Airport Area, 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 | $401,000 | 4.2% |
| Single Family | $435,000 | 4.3% |
| Condos | $271,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $153,000 | 8.5% |
2 Bed | $268,000 | 6.3% |
3 Bed | $400,000 | 5.0% |
4 Bed | $501,000 | 4.2% |
| 5 Bed | $682,000 | 3.2% |
% of Housing Stock
Rental Trends — Anchorage Airport Area, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage Airport Area, Anchorage, AK is $2,060, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Anchorage Airport Area, Anchorage, AK is studios: $1,320, 1-bedrooms: $1,530, 2-bedrooms: $1,720, 3-bedrooms: $2,670, 4-bedrooms: $3,220. The most common rental property sizes in Anchorage Airport Area, Anchorage, AK are 2-bedroom and 3-bedroom, accounting for 39.5% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,060 |
| Studio Rent | $1,280 | $1,320 |
| 1 Bed Rent | $1,460 | $1,530 |
| 2 Bed Rent | $1,700 | $1,720 |
| 3 Bed Rent | $2,700 | $2,670 |
| 4 Bed Rent | $3,000 | $3,220 |
% of Rental Stock
Property Listings — Anchorage Airport Area, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage Airport Area, Anchorage, AK is 56. This is a increase of 4.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | 1.0% |
Listing Count | 106 | 1.0% |
| Listings as % of Homes | 0.1% | 1.0% |
Days on Market | 56 | 4.0% |
Demographics — Anchorage Airport Area, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage Airport Area, Anchorage, AK has a population of 36,300, which has decreased by -5.5% over the past 5 years. Anchorage Airport Area, Anchorage, AK is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,300 | -5.5% |
% Under 18 | 22.8% | -5.0% |
% Seniors | 12.5% | 33.0% |
% WFH | 9.2% | 142.1% |
% w/ College Degree | 37.6% | 8.4% |
As of the latest ACS Survey released in 2023, Anchorage Airport Area, Anchorage, AK is a predominantly white area, with 53.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Anchorage Airport Area, Anchorage, AK is asian, making up 16.3% of the population. Foreign-born residents account for 15.6% of the population in Anchorage Airport Area, Anchorage, AK, and this percentage has increased by 7.6% 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 | 53.5% | -5.8% |
% Black | 4.1% | 13.9% |
% Hispanic | 9.0% | -1.1% |
% Asian | 16.3% | 6.5% |
% Foreign Born | 15.6% | 7.6% |
Mortgage and Risk — Anchorage Airport Area, Anchorage, AK
According to HUD data as of 2023, there were 493 mortgage originations in Anchorage Airport Area, Anchorage, AK, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage Airport Area, Anchorage, AK. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 493 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Anchorage Airport Area, Anchorage, AK
As of 2024, the percent of homes in Anchorage Airport Area, Anchorage, AK under the Section 8 program is 6.2%. 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. In Anchorage Airport Area, 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 | 314 |
Total Units Section 8 | 227 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,460 | $1,290 |
| 2 Bedroom | -$10 | $1,700 | $1,690 |
| 3 Bedroom | -$330 | $2,700 | $2,370 |
| 4 Bedroom | -$160 | $3,000 | $2,840 |
Affordability — Anchorage Airport Area, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $401,000 |
| Median Household Income | $107,000 |