Chugiak, AK—99567
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chugiak, AK
As of Oct '25, the median home price in Chugiak, AK is $488,000, with a year-over-year change of 3.5%. This indicates that home prices in Chugiak, 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 | $488,000 | 3.5% |
| Single Family | $495,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $363,000 | 2.8% |
3 Bed | $481,000 | 3.2% |
4 Bed | $585,000 | 3.9% |
| 5 Bed | $650,000 | 1.9% |
% of Housing Stock
Rental Trends — Chugiak, AK
As of July '25, Rentcast reports the average rent in Chugiak, AK is $2,660, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Chugiak, AK is 2-bedrooms: $1,400, 3-bedrooms: $3,080. The most common rental property sizes in Chugiak, AK are 1-bedroom and studio, accounting for 34.1% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,850 | $3,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chugiak, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Chugiak, AK is 96. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | 10.0% |
Listing Count | 36 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 96 | 0.0% |
Demographics — Chugiak, AK
As of the latest ACS Survey released in 2023, Chugiak, AK has a population of 6,740, which has decreased by -26.6% over the past 5 years. Chugiak, AK is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,740 | -26.6% |
% Under 18 | 16.5% | -39.3% |
% Seniors | 21.7% | 193.2% |
% WFH | 7.1% | 57.8% |
% w/ College Degree | 41.4% | 28.2% |
As of the latest ACS Survey released in 2023, Chugiak, AK is a predominantly white area, with 81.6% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Chugiak, AK is hispanic, making up 7.1% of the population. Foreign-born residents account for 2.3% of the population in Chugiak, AK, and this percentage has decreased by 23.3% 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 | 81.6% | 2.5% |
% Black | 0.1% | -85.7% |
% Hispanic | 7.1% | 65.1% |
% Asian | 0.2% | -95.6% |
% Foreign Born | 2.3% | -23.3% |
Mortgage and Risk — Chugiak, AK
According to HUD data as of 2023, there were 144 mortgage originations in Chugiak, AK, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Chugiak, AK. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 144 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Chugiak, AK
Chugiak, AK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | $280 | $1,400 | $1,680 |
| 3 Bedroom | -$500 | $2,850 | $2,350 |
| 4 Bedroom | N/A | N/A | $2,820 |
Affordability — Chugiak, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $488,000 |
| Median Household Income | $128,000 |