Anchorage North, Anchorage, AK—99518
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anchorage North, Anchorage, AK
As of Oct '25, the median home price in Anchorage North, Anchorage, AK is $327,000, with a year-over-year change of 2.5%. This indicates that home prices in Anchorage North, 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 | $327,000 | 2.5% |
| Single Family | $376,000 | 3.6% |
| Condos | $246,000 | 7.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 8.1% |
3 Bed | $351,000 | 2.6% |
4 Bed | $427,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Anchorage North, Anchorage, AK
As of July '25, Rentcast reports the average rent in Anchorage North, Anchorage, AK is $1,860, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Anchorage North, Anchorage, AK is 1-bedrooms: $1,280, 2-bedrooms: $1,900, 3-bedrooms: $2,060. The most common rental property sizes in Anchorage North, Anchorage, AK are 2-bedroom and 3-bedroom, accounting for 49.4% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,280 |
| 2 Bed Rent | $1,800 | $1,900 |
| 3 Bed Rent | $1,900 | $2,060 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Anchorage North, Anchorage, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Anchorage North, Anchorage, AK is 35. This is a decrease of -4.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | -10.0% |
Listing Count | 30 | -20.0% |
| Listings as % of Homes | 0.1% | -20.0% |
Days on Market | 35 | -4.0% |
Demographics — Anchorage North, Anchorage, AK
As of the latest ACS Survey released in 2023, Anchorage North, Anchorage, AK has a population of 9,840, which has decreased by -5.9% over the past 5 years. Anchorage North, Anchorage, AK is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,840 | -5.9% |
% Under 18 | 22.3% | 0.5% |
% Seniors | 10.9% | 25.3% |
% WFH | 7.6% | 117.1% |
% w/ College Degree | 31.9% | 8.9% |
As of the latest ACS Survey released in 2023, Anchorage North, Anchorage, AK is a predominantly white area, with 55.9% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Anchorage North, Anchorage, AK is hispanic, making up 11.6% of the population. Foreign-born residents account for 6.3% of the population in Anchorage North, Anchorage, AK, and this percentage has decreased by 49.6% 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 | 55.9% | 2.4% |
% Black | 6.9% | 245.0% |
% Hispanic | 11.6% | -0.9% |
% Asian | 4.4% | -69.2% |
% Foreign Born | 6.3% | -49.6% |
Mortgage and Risk — Anchorage North, Anchorage, AK
According to HUD data as of 2023, there were 142 mortgage originations in Anchorage North, Anchorage, AK, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Anchorage North, Anchorage, AK. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Anchorage North, Anchorage, AK
Anchorage North, Anchorage, AK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,300 | $1,300 |
| 2 Bedroom | -$90 | $1,800 | $1,710 |
| 3 Bedroom | $500 | $1,900 | $2,400 |
| 4 Bedroom | N/A | N/A | $2,870 |
Affordability — Anchorage North, Anchorage, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $327,000 |
| Median Household Income | $91,100 |