Meadow Lakes, AK—99623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Meadow Lakes, AK
As of Oct '25, the median home price in Meadow Lakes, AK is $356,000, with a year-over-year change of 3.4%. This indicates that home prices in Meadow Lakes, AK are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 3.4% |
| Single Family | $359,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 7.1% |
3 Bed | $378,000 | 6.5% |
4 Bed | $475,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Meadow Lakes, AK
As of July '25, Rentcast reports the average rent in Meadow Lakes, AK is $2,000, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Meadow Lakes, AK is 1-bedrooms: $1,190, 2-bedrooms: $1,710, 3-bedrooms: $2,200, 4-bedrooms: $2,950. The most common rental property sizes in Meadow Lakes, AK are 3-bedroom and 2-bedroom, accounting for 44.2% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,190 |
| 2 Bed Rent | $1,600 | $1,710 |
| 3 Bed Rent | $2,000 | $2,200 |
| 4 Bed Rent | $2,800 | $2,950 |
% of Rental Stock
Property Listings — Meadow Lakes, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Meadow Lakes, AK is 62. This is a decrease of -10.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 10.0% |
Listing Count | 216 | -12.0% |
| Listings as % of Homes | 0.7% | -12.0% |
Days on Market | 62 | -10.0% |
Demographics — Meadow Lakes, AK
Meadow Lakes, AK lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | N/A |
% Under 18 | 26.7% | N/A |
% Seniors | 11.2% | N/A |
% WFH | 8.4% | N/A |
% w/ College Degree | 17.3% | N/A |
Meadow Lakes, AK lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.6% | N/A |
% Black | 1.5% | N/A |
% Hispanic | 4.4% | N/A |
% Asian | 3.0% | N/A |
% Foreign Born | 2.6% | N/A |
Mortgage and Risk — Meadow Lakes, AK
According to HUD data as of 2023, there were 572 mortgage originations in Meadow Lakes, AK, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Meadow Lakes, AK. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 572 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Meadow Lakes, AK
As of 2024, the percent of homes in Meadow Lakes, AK under the Section 8 program is 5.4%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Meadow Lakes, AK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 73 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,200 | $1,180 |
| 2 Bedroom | -$50 | $1,600 | $1,550 |
| 3 Bedroom | $170 | $2,000 | $2,170 |
| 4 Bedroom | -$200 | $2,800 | $2,600 |
Affordability — Meadow Lakes, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $356,000 |
| Median Household Income | $87,600 |