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Market MapAlaskaAnchorage Borough

Anchorage Borough

AlaskaPopulation: 290,674
54
/100
Hold
#0 of 0 counties
#13 in Alaska (14 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$437,169
Median Home Price
0% below national median
$1,755/mo
Median Rent
0% below national median
4.82%
Rent-to-Price Ratio
Top 50% nationally
-$1,151
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,755/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$327,877-$578/mo4.2%-9.2%
Median
typical MLS deal
$437,169-$1,151/mo3.1%-13.7%
125% of median
newer / premium
$546,461-$1,724/mo2.5%-16.5%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$437,169
Down Payment (20%)$87,434
Loan Amount$349,735
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,755
Monthly P&I-$2,292
Est. Expenses (35%)-$614
Net Cash Flow-$1,151/mo
3.1%
Cap Rate (all cash)
-13.7%
Cash-on-Cash Return
4.82%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.1% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
54/100
54
Cash Flow(30%)
42/100

Based on 4.82% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
85/100

Based on 4.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
38/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$1,151/mo)
  • -Negative leverage (cap rate 3.1% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Economic Indicators

Population
290,674
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +Patient holders willing to accept negative carry for equity gains
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You rely on FHA-style financing: prices are stretched relative to local incomes

Compare to Nearby Counties

CountyVerdict
Sitka BoroughAK
64$485,060Est. pending—BuyView
Matanuska Susitna BoroughAK
62$386,815$1,6935.25%BuyView
Fairbanks North Star BoroughAK
59$289,473$1,7457.23%HoldView
Juneau BoroughAK
55$481,002$2,1835.45%HoldView
CurrentAnchorage BoroughAK
54$437,169$1,7554.82%Hold
Southeast Fairbanks BoroughAK
42$294,673Est. pending—AvoidView

The Bottom Line

HoldAnchorage Borough is a neutral market. Consider house hacking or targeting below-market deals.

Anchorage Borough in Alaska scores 54/100, ranking #0 of 0 US counties (top 50%). At 20% down and current rates, a median-priced rental loses about $1151/month; the 4.82% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-1,151/mo
Cap Rate
3.1%
Cash-on-Cash
-13.7%

Related markets

Markets like Anchorage Borough with stronger cash flow

  • Fairbanks North Star Borough for cash-flow rentals
  • Juneau Borough for cash-flow rentals
  • Matanuska Susitna Borough for cash-flow rentals

Cheaper alternatives to Anchorage Borough

  • Fairbanks North Star Borough, lower entry price
  • Southeast Fairbanks Borough, lower entry price
  • Matanuska Susitna Borough, lower entry price

Head-to-head comparisons

  • Anchorage Borough vs Juneau Borough for rentals
  • Anchorage Borough vs Fairbanks North Star Borough for rentals
  • Anchorage Borough vs Matanuska Susitna Borough for rentals
All counties in Alaska →

Rent vs buy in Alaska cities

Rent vs buy in Anchorage, AKMedian $410,550 · rent $1,706/moAll Alaska citiesFull rent-vs-buy directory for the state

Ready to Analyze a Deal in Anchorage Borough?

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