What are the most expensive neighborhoods in Anchorage, AK?

The neighborhoods with the highest median home values in Anchorage, AK include: Basher ($996,500), Hillside East ($837,839), Rabbit Creek ($818,585), Girdwood ($732,637), Mid-Hillside ($715,898).

What are the most affordable neighborhoods in Anchorage, AK?

The neighborhoods with the lowest median home values in Anchorage, AK include: Fairview ($250,752), Russian Jack Park ($258,566), Mountain View ($282,576), Midtown ($312,816), Downtown ($321,380).

Which Anchorage, AK neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Anchorage, AK include: Girdwood (23.8%), Government Hill (8.6%), North Star (8.1%), South Addition (7.6%), Basher (7.3%).

Downtown, AK Housing Market

$319,374

5.7% 1-yr

The average Downtown, AK home value is $319,374, up 5.7% over the past year. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Downtown Key Takeaways

Typical Home Values: $319,374

1-Year Value Change: +5.7%

(Data through July 31, 2026)

Downtown Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 4 (July 31, 2026)

New Listings: --

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: --

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
South Addition$510,880
Government Hill$501,622
Fairview$250,830
North Star$355,505
Rogers Park$501,338
Airport Heights$365,328
Midtown$312,969
Mountain View$287,566
Tudor Area$450,464

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Downtown Rental Market Trends

Average Rent: --

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.