Eagle River, AK—99577
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagle River, AK
As of Oct '25, the median home price in Eagle River, AK is $464,000, with a year-over-year change of 2.3%. This indicates that home prices in Eagle River, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | 2.3% |
| Single Family | $481,000 | 2.3% |
| Condos | $323,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $287,000 | 3.6% |
2 Bed | $339,000 | 1.5% |
3 Bed | $429,000 | 2.6% |
4 Bed | $542,000 | 3.2% |
| 5 Bed | $680,000 | 2.3% |
% of Housing Stock
Rental Trends — Eagle River, AK
As of July '25, Rentcast reports the average rent in Eagle River, AK is $2,740, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Eagle River, AK is 1-bedrooms: $1,430, 2-bedrooms: $1,830, 3-bedrooms: $2,730, 4-bedrooms: $3,360. The most common rental property sizes in Eagle River, AK are 2-bedroom and 3-bedroom, accounting for 42.5% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,430 |
| 2 Bed Rent | $1,700 | $1,830 |
| 3 Bed Rent | $2,800 | $2,730 |
| 4 Bed Rent | $3,300 | $3,360 |
% of Rental Stock
Property Listings — Eagle River, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagle River, AK is 66. This is a increase of 31.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | 12.0% |
Listing Count | 110 | -15.0% |
| Listings as % of Homes | 0.3% | -15.0% |
Days on Market | 66 | 31.0% |
Demographics — Eagle River, AK
As of the latest ACS Survey released in 2023, Eagle River, AK has a population of 27,900, which has decreased by -1.4% over the past 5 years. Eagle River, AK is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 45.5% 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 | 27,900 | -1.4% |
% Under 18 | 25.6% | -10.8% |
% Seniors | 11.8% | 55.3% |
% WFH | 9.2% | 84.0% |
% w/ College Degree | 45.5% | 6.1% |
As of the latest ACS Survey released in 2023, Eagle River, AK is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Eagle River, AK is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.2% of the population in Eagle River, AK, and this percentage has decreased by 4.5% 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 | 76.0% | -2.6% |
% Black | 2.9% | 20.8% |
% Hispanic | 6.0% | -7.7% |
% Asian | 3.1% | 40.9% |
% Foreign Born | 4.2% | -4.5% |
Mortgage and Risk — Eagle River, AK
According to HUD data as of 2023, there were 506 mortgage originations in Eagle River, AK, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Eagle River, AK. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 506 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Eagle River, AK
As of 2024, the percent of homes in Eagle River, AK under the Section 8 program is 3.1%. 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 Eagle River, AK, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,310 | $1,580 |
| 2 Bedroom | $370 | $1,700 | $2,070 |
| 3 Bedroom | $100 | $2,800 | $2,900 |
| 4 Bedroom | $180 | $3,300 | $3,480 |
Affordability — Eagle River, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $464,000 |
| Median Household Income | $135,000 |