Eagle River, Anchorage, AK—99516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagle River, Anchorage, AK
As of Oct '25, the median home price in Eagle River, Anchorage, AK is $665,000, with a year-over-year change of 4.8%. This indicates that home prices in Eagle River, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $665,000 | 4.8% |
| Single Family | $668,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $418,000 | 5.0% |
2 Bed | $456,000 | 5.6% |
3 Bed | $598,000 | 5.1% |
4 Bed | $706,000 | 4.9% |
| 5 Bed | $889,000 | 3.6% |
% of Housing Stock
Rental Trends — Eagle River, Anchorage, AK
As of July '25, Rentcast reports the average rent in Eagle River, Anchorage, AK is $3,660, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Eagle River, Anchorage, AK is 1-bedrooms: $2,500, 3-bedrooms: $3,570, 4-bedrooms: $3,990. The most common rental property sizes in Eagle River, Anchorage, AK are 5+ bedroom and 1-bedroom, accounting for 26.0% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,570 |
| 4 Bed Rent | $3,800 | $3,990 |
% of Rental Stock
Property Listings — Eagle River, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagle River, Anchorage, AK is 66. This is a decrease of -8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $797,000 | -1.0% |
Listing Count | 106 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 66 | -8.0% |
Demographics — Eagle River, Anchorage, AK
As of the latest ACS Survey released in 2023, Eagle River, Anchorage, AK has a population of 21,200, which has increased by 1.2% over the past 5 years. Eagle River, Anchorage, AK is a moderately popular place for families, as children make up 25.0% of the population. The area has a highly educated workforce, with 55.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,200 | 1.2% |
% Under 18 | 25.0% | -5.3% |
% Seniors | 15.3% | 29.7% |
% WFH | 15.3% | 168.4% |
% w/ College Degree | 55.6% | -3.1% |
As of the latest ACS Survey released in 2023, Eagle River, Anchorage, AK is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Eagle River, Anchorage, AK is hispanic, making up 7.6% of the population. Foreign-born residents account for 6.0% of the population in Eagle River, Anchorage, AK, and this percentage has decreased by 13.0% 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 | 72.0% | -8.5% |
% Black | 2.6% | 30.0% |
% Hispanic | 7.6% | 22.6% |
% Asian | 4.5% | 15.4% |
% Foreign Born | 6.0% | -13.0% |
Mortgage and Risk — Eagle River, Anchorage, AK
According to HUD data as of 2023, there were 115 mortgage originations in Eagle River, Anchorage, AK, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Eagle River, Anchorage, AK. Investor activity is low, as 0.0% 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 | 115 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Eagle River, Anchorage, AK
Eagle River, Anchorage, AK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$820 | $2,500 | $1,680 |
| 2 Bedroom | N/A | N/A | $2,210 |
| 3 Bedroom | -$400 | $3,500 | $3,100 |
| 4 Bedroom | -$90 | $3,800 | $3,710 |
Affordability — Eagle River, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $665,000 |
| Median Household Income | $160,000 |