The typical owner-occupied home in Anchorage is worth about $395,900, 12% above the Alaska median of $352,900 and 19% above the national median of $332,700. Owners pay a median $4,982 a year in property taxes, about 1.26% of their home's value, higher than the Alaska rate of 1.11%. The median household earns $103,284 a year, so the median home costs 3.8 times the median income (3.8 times for Alaska). 64% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Anchorage at a glance
| Anchorage | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $395,900 | $352,900 | $332,700 |
| Median property tax paid per year | $4,982 | $3,901 | $3,119 |
| Property tax as a share of value | 1.26% | 1.11% | 0.94% |
| Median household income | $103,284 | $92,788 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 69% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,400 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 21.6% | 21.0% |
| Median rent | $1,489 | $1,419 | $1,413 |
| Rent as a share of renters' income | 28.5% | 27.7% | 30.6% |
| Median year homes were built | 1982 | 1986 | 1980 |
| Vacant homes | 9.8% | 17.6% | 10.1% |
| Population | 288,976 | 735,706 | 334,922,499 |
What a typical home costs per month in Anchorage
At this week's average 30-year rate of 7.11%, buying the median Anchorage home of $395,900 with 20% down costs about $2,711 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,371, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $116,196 for the 20%-down payment. That payment is 32% of the median Anchorage household income of $103,284; at that income and 20% down, the 28% guideline points to a home of about $352,000.
The median rent here is $1,489 a month, so owning the median home costs about $1,222 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $79,180 |
|---|---|
| Loan amount | $316,720 |
| Principal and interest | $2,131 |
| Property taxes (1.26% a year) | $416 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| PMI | $0 |
| Total per month | $2,711 |
Change the numbers in the calculator
| Down payment | $13,856 |
|---|---|
| Loan amount | $388,729 |
| Principal and interest | $2,615 |
| Property taxes (1.26% a year) | $416 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| FHA mortgage insurance | $175 |
| Total per month | $3,371 |
Change the numbers in the calculator
Questions about home buying in Anchorage
What is the median home value in Anchorage?
About $395,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Anchorage?
Homeowners pay a median $4,982 a year, which is about 1.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Anchorage?
For the median home with 20% down at 7.11%, the payment is about $2,711 a month. Keeping that under 28% of gross income takes about $116,196 a year.
More about Anchorage
- Mortgage Refinance in Anchorage
- Debt Relief in Anchorage
- Home Equity Loans in Anchorage
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data