Wasilla, AK—99654
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wasilla, AK
As of Oct '25, the median home price in Wasilla, AK is $415,000, with a year-over-year change of 5.1%. This indicates that home prices in Wasilla, AK are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 5.1% |
| Single Family | $420,000 | 6.3% |
| Condos | $259,000 | 7.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 8.0% |
3 Bed | $392,000 | 7.1% |
4 Bed | $501,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wasilla, AK
As of July '25, Rentcast reports the average rent in Wasilla, AK is $1,980, with a year-over-year rent change of 11.9%. Per bedroom, the median rent as of July '25 in Wasilla, AK is studios: $1,600, 1-bedrooms: $1,270, 2-bedrooms: $1,580, 3-bedrooms: $2,120, 4-bedrooms: $3,070. The most common rental property sizes in Wasilla, AK are 2-bedroom and 3-bedroom, accounting for 33.8% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,980 |
| Studio Rent | $1,050 | $1,600 |
| 1 Bed Rent | $1,250 | $1,270 |
| 2 Bed Rent | $1,450 | $1,580 |
| 3 Bed Rent | $2,100 | $2,120 |
| 4 Bed Rent | $3,000 | $3,070 |
% of Rental Stock
Property Listings — Wasilla, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Wasilla, AK is 57. This is a decrease of -22.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $527,000 | 2.0% |
Listing Count | 196 | -16.0% |
| Listings as % of Homes | 0.5% | -16.0% |
Days on Market | 57 | -22.0% |
Demographics — Wasilla, AK
As of the latest ACS Survey released in 2023, Wasilla, AK has a population of 44,400, which has decreased by -28.5% over the past 5 years. Wasilla, AK is a popular place for families, as children make up 26.9% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | -28.5% |
% Under 18 | 26.9% | -5.6% |
% Seniors | 12.5% | 31.6% |
% WFH | 9.4% | 74.1% |
% w/ College Degree | 23.8% | 23.3% |
As of the latest ACS Survey released in 2023, Wasilla, AK is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Wasilla, AK is hispanic, making up 5.0% of the population. Foreign-born residents account for 4.1% of the population in Wasilla, AK, and this percentage has decreased by 4.7% 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 | 76.1% | -2.8% |
% Black | 1.3% | 18.2% |
% Hispanic | 5.0% | -3.8% |
% Asian | 1.7% | 0.0% |
% Foreign Born | 4.1% | -4.7% |
Mortgage and Risk — Wasilla, AK
According to HUD data as of 2023, there were 703 mortgage originations in Wasilla, AK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Wasilla, 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 | 703 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Wasilla, AK
As of 2024, the percent of homes in Wasilla, AK under the Section 8 program is 7.1%. 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 Wasilla, 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 | 389 |
Total Units Section 8 | 325 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,250 | $1,040 |
| 2 Bedroom | -$80 | $1,450 | $1,370 |
| 3 Bedroom | -$180 | $2,100 | $1,920 |
| 4 Bedroom | -$700 | $3,000 | $2,300 |
Affordability — Wasilla, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $415,000 |
| Median Household Income | $93,700 |