Anchorage, AK home prices
Typical home $424,607 · +5.7% in a year · income needed $126,100
The Anchorage, AK metro area ranks 123 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.7% in a year and +21.3% over five years. With 20% down at 7.11%, the typical home costs about $2,943 a month including 1.26% property tax (Anchorage Borough rate).
Mortgage on the typical Anchorage home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $84,921 | $339,686 | $2,285 | $0 | $658 | $2,943 | $126,100 |
| 10% down | $42,461 | $382,147 | $2,571 | $159 | $658 | $3,388 | $145,200 |
| 5% down | $21,230 | $403,377 | $2,714 | $168 | $658 | $3,539 | $151,700 |
| 3.5% down (FHA) | $14,861 | $416,917 | $2,805 | $188 | $658 | $3,650 | $156,400 |
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.
Counties in the Anchorage area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Anchorage Borough, AK | $435,264 | +5.4% | 1.26% |
| Matanuska Susitna Borough, AK | $408,655 | +6.3% | 1.06% |
What can you afford in Alaska on your salary? · Alaska home prices · Salaries in Alaska
Frequently asked questions
How much is a house in Anchorage?
The typical home in the Anchorage, AK metro area is worth $424,607 (Zillow, September 2026).
What salary do you need to buy a house in Anchorage?
About $126,100 a year for the typical home with 20% down at 7.11%.