Anchorage West, Anchorage, AK—99508
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage West, Anchorage, AK
As of Oct '25, the median home price in Anchorage West, Anchorage, AK is $329,000, with a year-over-year change of 4.7%. This indicates that home prices in Anchorage West, 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 | $329,000 | 4.7% |
| Single Family | $376,000 | 4.2% |
| Condos | $175,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $139,000 | 6.1% |
2 Bed | $205,000 | 6.8% |
3 Bed | $344,000 | 4.6% |
4 Bed | $435,000 | 4.1% |
| 5 Bed | $483,000 | 2.3% |
% of Housing Stock
Rental Trends — Anchorage West, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage West, Anchorage, AK is $1,720, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Anchorage West, Anchorage, AK is studios: $1,070, 1-bedrooms: $1,330, 2-bedrooms: $1,660, 3-bedrooms: $2,000, 4-bedrooms: $3,000. The most common rental property sizes in Anchorage West, Anchorage, AK are 2-bedroom and 3-bedroom, accounting for 41.0% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,720 |
| Studio Rent | $895 | $1,070 |
| 1 Bed Rent | $1,390 | $1,330 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $1,900 | $2,000 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Anchorage West, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage West, Anchorage, AK is 24. This is a decrease of -18.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 13.0% |
Listing Count | 56 | -16.0% |
| Listings as % of Homes | 0.1% | -16.0% |
Days on Market | 24 | -18.0% |
Demographics — Anchorage West, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage West, Anchorage, AK has a population of 36,700, which has increased by 3.0% over the past 5 years. Anchorage West, Anchorage, AK is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 27.6% 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 | 36,700 | 3.0% |
% Under 18 | 28.2% | 14.2% |
% Seniors | 9.9% | -12.4% |
% WFH | 9.2% | 55.9% |
% w/ College Degree | 27.6% | -4.8% |
As of the latest ACS Survey released in 2023, Anchorage West, Anchorage, AK is a predominantly white area, with 38.3% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Anchorage West, Anchorage, AK is asian, making up 13.4% of the population. Foreign-born residents account for 15.1% of the population in Anchorage West, Anchorage, AK, and this percentage has increased by 18.0% 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 | 38.3% | -6.6% |
% Black | 6.4% | -16.9% |
% Hispanic | 12.7% | 35.1% |
% Asian | 13.4% | 8.9% |
% Foreign Born | 15.1% | 18.0% |
Mortgage and Risk — Anchorage West, Anchorage, AK
According to HUD data as of 2023, there were 333 mortgage originations in Anchorage West, Anchorage, AK, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage West, Anchorage, AK. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Anchorage West, Anchorage, AK
As of 2024, the percent of homes in Anchorage West, Anchorage, AK under the Section 8 program is 9.9%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Anchorage West, Anchorage, AK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 759 |
Total Units Section 8 | 597 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,390 | $1,120 |
| 2 Bedroom | -$130 | $1,600 | $1,470 |
| 3 Bedroom | $160 | $1,900 | $2,060 |
| 4 Bedroom | -$530 | $3,000 | $2,470 |
Affordability — Anchorage West, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $329,000 |
| Median Household Income | $72,800 |