Anchorage Municipality, AK real estate

What the numbers say

Anchorage Municipality, AK real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Anchorage Municipality listed for $478,000, down 4.2% from a year earlier. That is 10% above the Alaska median of $435,000.

Homes spent a median of 45 days on the market, faster than 50 days a year ago.

Homeowners in Anchorage Municipality pay a median of $4,982 a year in property taxes on a median home value of $395,900, an effective rate of about 1.26%. The Alaska average is 1.11%, which makes Anchorage Municipality the #23 lowest-tax of 25 counties in the state with published tax data.

Renters pay a median of $1,489 a month, and $1,476 for a two-bedroom. At today's prices a typical home costs about 27 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $478,000 home here comes to about $3,306 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $142,000 a year (the median household here earns $103,284).