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Chugiak, Anchorage, AK—99517

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$387,000
2.8% YoY Growth
Household Income
$99,300
28.5% YoY Growth
Days on Market
116
59.0% Longer YoY
Home Price Forecast
0.2%
Median Rent
$1,800
4.7% YoY Growth
1-Bed Rent
$1,500
22.0% YoY Growth
2-Bed Rent
$1,700
8.7% YoY Growth
3-Bed Rent
$2,300
7.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Chugiak, Anchorage, AK

As of Dec '25, the median home price in Chugiak, Anchorage, AK is $387,000, with a year-over-year change of 2.8%. This indicates that home prices in Chugiak, Anchorage, AK are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$387,0002.8%
Single Family $413,0002.2%
Condos $246,0007.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $159,000
    6.0%
    2 Bed
    		$281,0003.3%
    3 Bed
    		$404,0002.8%
    4 Bed
    		$523,0003.4%
    5 Bed $588,3442.6%
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    % of Housing Stock

    Studio
    2.8%
    1 Bedroom
    14.2%
    2 Bedrooms
    30.4%
    3 Bedrooms
    31.6%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    6.0%

    Rental Trends — Chugiak, Anchorage, AK

    As of July '25, Rentcast reports the average rent in Chugiak, Anchorage, AK is $1,990, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Chugiak, Anchorage, AK is studios: $1,370, 1-bedrooms: $1,440, 2-bedrooms: $1,740, 3-bedrooms: $2,390, 4-bedrooms: $6,500. The most common rental property sizes in Chugiak, Anchorage, AK are 2-bedroom and 1-bedroom, accounting for 40.3% and 27.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,990
    Studio Rent $995$1,370
    1 Bed Rent $1,500$1,440
    2 Bed Rent $1,700$1,740
    3 Bed Rent $2,300$2,390
    4 Bed Rent $6,500$6,500
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    % of Rental Stock

    Studio
    5.1%
    1 Bedroom
    27.4%
    2 Bedrooms
    40.3%
    3 Bedrooms
    22.2%
    4 Bedrooms
    4.3%
    5+ Bedrooms
    0.8%

    Property Listings — Chugiak, Anchorage, AK

    As of Dec '25, Realtor.com reports that the median days on market for a home in Chugiak, Anchorage, AK is 71. This is a increase of 43.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$365,000-14.0%
    Listing Count
    		27-9.0%
    Listings as % of Homes0.1%-9.0%
    Days on Market
    		11659.0%
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    Demographics — Chugiak, Anchorage, AK

    As of the latest ACS Survey released in 2023, Chugiak, Anchorage, AK has a population of 16,600, which has remained stable by 1.0% over the past 5 years. Chugiak, Anchorage, AK is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,6001.0%
    % Under 18
    		20.7%6.2%
    % Seniors
    		14.7%11.4%
    % WFH
    		10.9%142.2%
    % w/ College Degree
    		40.5%4.4%
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    As of the latest ACS Survey released in 2023, Chugiak, Anchorage, AK is a predominantly white area, with 61.2% of the population identifying as white. The white population has grown by 8.3% in the last 5 years. The second most common race or ethnicity in Chugiak, Anchorage, AK is asian, making up 9.5% of the population. Foreign-born residents account for 10.6% of the population in Chugiak, Anchorage, AK, and this percentage has decreased by 31.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		61.2%8.3%
    % Black
    		4.1%17.1%
    % Hispanic
    		6.9%30.2%
    % Asian
    		9.5%-35.8%
    % Foreign Born
    		10.6%-31.2%
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    Mortgage and Risk — Chugiak, Anchorage, AK

    According to HUD data as of 2023, there were 228 mortgage originations in Chugiak, Anchorage, AK, of which 76.0% 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 Chugiak, Anchorage, AK. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		228
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Chugiak, Anchorage, AK

    As of 2024, the percent of homes in Chugiak, Anchorage, AK under the Section 8 program is 5.1%. 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 Chugiak, 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
    		164
    Total Units Section 8
    		164
    % Rentals under Section 8
    		5.1%
    % Occupied Section 8
    		90.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$420$1,500$1,080
    2 Bedroom-$280$1,700$1,420
    3 Bedroom-$310$2,300$1,990
    4 Bedroom-$4,120$6,500$2,380

    Affordability — Chugiak, Anchorage, AK

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$387,000
    Median Household Income$99,300

    Chugiak, Anchorage, AK — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Anchorage Downtown, Anchorage, AK

    99502

    Anchorage North, Anchorage, AK

    99518

    Anchorage Central, Anchorage, AK

    99501

    Chugiak Area, Anchorage, AK

    99515

    Anchorage West, Anchorage, AK

    99508

    Frequently Asked Questions