Anchorage Borough, Alaska home prices
Typical home $435,264 · +5.4% in a year · property tax 1.26%
The typical home in Anchorage Borough is worth $435,264, 9% more than the Alaska typical home ($397,932). Values changed +5.4% in the past year and +20.7% over five years. Homeowners here pay a median 1.26% of their home's value in property tax each year ($5,477 on the typical home), versus 1.06% statewide.
Mortgage on the typical Anchorage Borough home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $87,053 | $348,211 | $2,342 | $0 | $674 | $3,017 | $129,300 |
| 10% down | $43,526 | $391,738 | $2,635 | $163 | $674 | $3,473 | $148,800 |
| 5% down | $21,763 | $413,501 | $2,782 | $172 | $674 | $3,628 | $155,500 |
| 3.5% down (FHA) | $15,234 | $427,380 | $2,875 | $193 | $674 | $3,742 | $160,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.26% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Alaska · part of the Anchorage metro area.
Alaska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Matanuska Susitna Borough | $408,655 | +6.3% | 1.06% |
| Kodiak Island Borough | $403,388 | +3.1% | 0.87% |
| Ketchikan Gateway Borough | $401,632 | +5.2% | 0.67% |
| Juneau Borough | $473,329 | +4.5% | 0.95% |
| Sitka Borough | $481,818 | -5.4% | 0.46% |
| Petersburg Borough | $383,220 | +12.9% | 0.6% |
| Kenai Peninsula Borough | $348,874 | +6.6% | 0.63% |
| Haines Borough | $332,342 | +1.6% | 0.83% |
| North Slope Borough | $318,810 | +7.8% | 1.06% |
| Wrangell Borough | $317,718 | +10.3% | 0.56% |
Frequently asked questions
What is the average home price in Anchorage Borough, AK?
The typical home value in Anchorage Borough is $435,264 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Anchorage Borough?
About $129,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Anchorage Borough?
The median effective rate is 1.26% of home value a year (Census ACS 2024 5-year estimates).