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Featured local agent — Alaska
Sarah Mitchell
Compass Real Estate · Alaska
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Alaska housing market
Alaska housing market summary
The typical home in Alaska is worth $398,663, up 5.7% over the past year. Homes that actually closed went for a median of $427,100 after 22 days on market. On supply, pricing discipline, and speed of sale, Alaska currently reads as a seller's market at 2.2 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $2,128 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Alaska housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$398,663
+5.7% YoY · Zillow, August 2026
Median sale price
$427,100
Redfin, through May 2026
Typical asking rent
$1,840/mo
Median of 5 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$2,128
20.0% down, 30-yr fixed
Days on market
22
+2 days YoY
Active listings
1,402
-24.1% YoY
Median household income
$89,336
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Alaska home prices are heading
Alaska's typical home value is $398,663, up 5.7% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Alaska runs 8.1% above the U.S. typical home value of $368,697, and its 12-month move of +5.7% is outpacing the national pace of +1.2%.
What would have to change for Alaska prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Alaska is carrying 2.2 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -24.1% year over year and new listings +0.2%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Alaska at today's rate
Down payment
$79,733
20.0% of value
Loan amount
$318,931
30-yr fixed
Monthly P&I
$2,128
at 7.03%
Income needed
$91,200
28.0% front-end ratio
A buyer purchasing the typical Alaska home at $398,663 puts $79,733 down, finances $318,931, and pays $2,128 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $91,200. Alaska's median household earns $89,336 (Census ACS 2023) — a gap of $1,864 above what the median household brings in. Put differently, the median household would spend 28.6% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Alaska is 4.5x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Alaska in the next 12 months?
Tell us your timeline. We send the Alaska market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Alaska?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 5 largest Alaska cities that carry it: $1,840 a month. Set against a typical home value of $398,663, that is a price-to-rent ratio of 18.1x.
Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $288 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Alaska households — every unit type, not just what is currently listed — at $1,388 a month (2023), with 66.6% of Alaska households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Alaska
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 1,402 | 1,847 | -24.1% |
| New listings | 1,175 | 1,173 | +0.2% |
| Homes sold | 635 | 712 | -10.8% |
| Months of supply | 2.2 | 2.6 | -0.4 |
| Sale-to-list ratio | 99.7% | 99.6% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Alaska home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Palmer+10.2%
- 2.Saxman+9.6%
- 3.Wasilla+7.4%
- 4.Ketchikan+4.5%
- 5.Anchorage+4.3%
- 6.North Pole+3.8%
- 7.Talkeetna+3.7%
- 8.Fairbanks+3.3%
Falling
- 1.Salcha-3.5%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 49 largest Alaska cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Alaska
Typical home value across the 49 largest cities · Zillow, August 2026
Most expensive
- 1.Palmer$440,227
- 2.Wasilla$425,040
- 3.Anchorage$422,785
- 4.Ketchikan$405,952
- 5.North Pole$332,638
- 6.Fairbanks$305,391
- 7.Saxman$303,611
- 8.Talkeetna$271,055
- 9.Willow$258,517
- 10.Salcha$210,834
Most affordable
- 1.Salcha$210,834
- 2.Willow$258,517
- 3.Talkeetna$271,055
- 4.Saxman$303,611
- 5.Fairbanks$305,391
- 6.North Pole$332,638
- 7.Ketchikan$405,952
- 8.Anchorage$422,785
- 9.Wasilla$425,040
- 10.Palmer$440,227
The spread between Palmer and Salcha is 2.1x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Knik River was the quickest of these markets to clear at 2 days on market (Redfin, through May 2026).
How Alaska compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Alaska | $398,663 | +5.7% | $89,336 | 4.5x |
| United States | $368,697 | +1.2% | — | — |
| Washington | $591,879 | -0.3% | $94,952 | 6.2x |
| Oregon | $496,113 | -0.1% | $80,426 | 6.2x |
| California | $764,158 | +0.4% | $96,334 | 7.9x |
Alaska has no land borders, so the comparison set is the mainland markets its buyers and sellers most often trade against. Alaska is the cheapest of this group on a typical-value basis, which is what makes it a destination rather than an origin for cross-state moves.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Alaska housing markets by city
51 cities tracked — the 49 largest by population shown
Anchorage
$422,785
Fairbanks
$305,391
Badger
Pop. 19K
Knik-Fairview
Pop. 19K
College
Pop. 12K
North Lakes
Pop. 11K
Tanaina
Pop. 10K
Wasilla
$425,040
Meadow Lakes
Pop. 9K
Ketchikan
$405,952
Gateway
Pop. 7K
Palmer
$440,227
South Lakes
Pop. 6K
Chena Ridge
Pop. 6K
Steele Creek
Pop. 6K
Fishhook
Pop. 5K
Farmers Loop
Pop. 5K
Butte
Pop. 4K
Big Lake
Pop. 3K
Goldstream
Pop. 3K
Farm Loop
Pop. 3K
Ester
Pop. 3K
North Pole
$332,638
Willow
$258,517
Point MacKenzie
Pop. 2K
Houston
Pop. 2K
Susitna North
Pop. 2K
Lazy Mountain
Pop. 1K
Sutton-Alpine
Pop. 1K
Salcha
$210,834
Talkeetna
$271,055
Knik River
Pop. 1K
Buffalo Soapstone
Pop. 1K
Two Rivers
Pop. 1K
Trapper Creek
Pop. 1K
Pleasant Valley
Pop. 1K
South Van Horn
Pop. 0K
Saxman
$303,611
Moose Creek
Pop. 0K
Chickaloon
Pop. 0K
Glacier View
Pop. 0K
Harding-Birch Lakes
Pop. 0K
Skwentna
Pop. 0K
Petersville
Pop. 0K
Susitna
Pop. 0K
Chase
Pop. 0K
Fox
Pop. 0K
Lake Louise
View market data
Eureka Roadhouse
View market data
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What to do next in Alaska
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Alaska home is $2,128/mo in P&I today.
- Pick the city, not the state. Values across Alaska run from $210,834 in Salcha to $440,227 in Palmer.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Alaska markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 2.2 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 22 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are +0.2% year over year — less competition than a year ago.
Alaska housing market questions
What is the typical home value in Alaska?
The typical home value in Alaska is $398,663 (Zillow, August 2026). That is a +5.7% change over the past 12 months. The median price of homes that actually sold was $427,100 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Alaska home prices going up or down?
Alaska home values are up 5.7% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Alaska?
At the current 30-year fixed rate of 7.03%, a $398,663 home with 20.0% down carries roughly $2,128 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $91,200 before taxes, insurance, HOA dues, or mortgage insurance are added. Alaska's median household income is $89,336 (Census ACS, 2023), a gap of $1,864 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Alaska?
Typical asking rent across the largest Alaska cities Zillow publishes rent data for is $1,840 a month (median of 5 cities, Zillow, August 2026). Against a typical home value of $398,663, that is a price-to-rent ratio of 18.1x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $288 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Alaska cities are the most affordable?
Among the largest cities we track in Alaska, the lowest typical home values are in Salcha ($210,834), Willow ($258,517), Talkeetna ($271,055), Saxman ($303,611), Fairbanks ($305,391). Values are Zillow's typical-home-value index for August 2026.
Which Alaska cities are the most expensive?
The highest typical home values among the largest Alaska cities are in Palmer ($440,227), Wasilla ($425,040), Anchorage ($422,785), Ketchikan ($405,952), North Pole ($332,638). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Alaska cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Alaska cities we track were in Palmer (+10.2%), Saxman (+9.6%), Wasilla (+7.4%), Ketchikan (+4.5%), Anchorage (+4.3%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Alaska?
Homes in Alaska spent a median of 22 days on market in the last month Redfin published (Redfin, through May 2026). That is 2 days slower than the same month a year earlier. The quickest market among the state's largest cities was Knik River at 2 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Alaska compare to other markets?
Alaska's typical home value of $398,663 compares with Washington at $591,879, Oregon at $496,113, California at $764,158. The U.S. typical home value is $368,697, putting Alaska 8.1% above the national figure.
Is now a good time to buy in Alaska?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 2.2 months of supply statewide (Redfin, through May 2026), active listings -24.1% year over year, and home values +5.7% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Comparison markets
- Washington housing market — $591,879 typical value
- Oregon housing market — $496,113 typical value
- California housing market — $764,158 typical value
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