Alaska

Home prices in Alaska and Anchorage: median value and trend

Median owner-occupied home value: $376,500 in Alaska and $429,600 in Anchorage (Census ACS 2024). FHFA: Alaska prices up 8.3% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $376,500 in Alaska and $429,600 in Anchorage, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Alaska prices up 8.3% between the second quarters of 2025 and 2026, the largest gain of any state in that release.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
Alaska$376,500±$7,020
Anchorage, AK metro area$410,900±$13,685
Municipality of Anchorage$429,600±$16,429

Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.

Three points stand out:

  • The Alaska median is $15,900 above the national median.
  • Anchorage sits $53,100 above the Alaska median and $69,000 above the national median. The metro-area figure is $18,700 lower than the municipality’s.
  • The margin of error for Anchorage (±$16,429) is wider than for the state’s, because the sample is smaller. The true median is very likely between about $413,000 and $446,000.

How prices have moved: the FHFA index

FHFA’s release lists Alaska first among the five states with the highest annual appreciation, at 8.3%.

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States+2.1%+33.4%
Alaska+8.3%+37.3%

Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.

Anchorage: no purchase-only index

FHFA does not publish a purchase-only index for the Anchorage metro area. It does publish two other indexes for it, built on different data, so they are not directly comparable with the state figures above:

Anchorage metro index (FHFA)1-year change5-year change
All-transactions, not seasonally adjusted+4.5%+38.1%
Expanded-data, seasonally adjusted+10.4%+36.7%

Source: FHFA House Price Index master file, Q2 2021, Q2 2025 and Q2 2026 values. Changes calculated by Payotte.

The two series disagree on the last year (+4.5% against +10.4%), which is a reason to read them as a range for direction, not as a precise figure. Both show Anchorage prices well above their level five years ago.

A worked example

Take an Alaska home worth $430,000 in the second quarter of 2021. Tracking the state’s purchase-only index exactly, it would have been worth about $590,600 in the second quarter of 2026 (+37.3%). A home worth $400,000 in the second quarter of 2025 would have gained about $33,200 over the last year (+8.3%). A single home can differ widely from the index.

How to use these figures when buying

To see what a purchase in the largest city costs beyond the price, read buying a home in Anchorage. For help with the down payment, see first-time buyer programs in Alaska.

Frequently asked questions

What is the median home price in Alaska?

The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in Alaska at $376,500 (±$7,020). This is what owners think their home is worth, not the median sale price of recent sales.

What is the median home value in Anchorage?

The same survey gives $429,600 (±$16,429) for the Municipality of Anchorage and $410,900 (±$13,685) for the Anchorage metro area.

Are home prices in Alaska rising?

FHFA’s purchase-only index shows Alaska prices rose 8.3% over the year to Q2 2026, against 2.1% nationally. Over five years they rose 37.3%.

Is there an FHFA price index for Anchorage?

FHFA publishes all-transactions and expanded-data indexes for the Anchorage metro area, but no purchase-only one. They show +4.5% and +10.4% over the past year. Treat them as a range, not a precise figure.

Why do the Census and FHFA figures differ?

The Census median is owners’ estimates of value at one point in time. The FHFA index measures price change in repeat sales of the same homes. One gives a level, the other a direction.

How Alaska compares with the other States

Alaska's median of $376,500 is within 5% of the national $360,600 and ranks 20th among the 50 States.

The States closest in median value are Delaware ($371,600) and Florida ($396,900). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Alaska is $37,000 above the middle of that ranking (Wyoming).

On the FHFA index, Alaska prices rose 8.3% over the year to the second quarter of 2026, which places the State 1st of 50, 6.2 points ahead of the national +2.1%. Over five years the gain is +37.3% (24th of 50; nation +33.4%).

Alaska sits in the middle of the pack on at least one of the two measures: 20th for the level, 1st for the one-year change.

Over five years, Alaska's +37.3% annualises to +6.5% a year (nation +5.9%). The latest year (+8.3%) is 1.8 points above that average, a faster pace than the five-year average.

Anchorage, the main city, has a median of $429,600, 20th of the 49 main cities Payotte covers. That is 14% above the Alaska median, a premium that ranks 22nd of 49.

The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Alaska (+8.3%) is at the top of that range; Vermont (+7.3%) and Hawaii (+5.8%) are the nearest to it.

For scale, 20% of the Alaska median is $75,300, against $72,120 at the national median.

Compare with the other states: Median home price by state.

More Alaska guides

Sources

Alaska · All states · Federal guides