I’ve analyzed data from the Zillow Home Value Index, offering unique insights into how Alaska’s housing market has held its own — and even outpaced expectations in some areas. Looking at 25 neighborhoods reveals which are growing, which are thriving, and which are quietly climbing in value, providing a revealing snapshot of what Alaskans value most in a place to live.
It surprised me how broad the spectrum was, from Anchorage enclaves to smaller boroughs with big growth numbers. Some places posted gains of over 70% since 2010, even with fluctuations in the oil market and population trends, which says something about the strength of local demand and unique lifestyle offered in The Last Frontier.
What stood out most is how some neighborhoods stayed surprisingly steady while others made bold leaps, especially post-2020. The contrast between established areas with moderate growth and emerging neighborhoods with explosive appreciation tells a fascinating story about changing preferences in Alaska’s distinctive housing market.
25. Airport Heights
- 2025: $325,624
- 2020: $282,601
- 2015: $253,124
- 2010: $219,994
- % change 2020–2025: 15.22%
- % change 2015–2025: 28.64%
- % change 2010–2025: 48.02%
Airport Heights demonstrates solid investment performance with property values increasing 48.02% over fifteen years, from $219,994 in 2010 to $325,624 by 2025, with steady growth across all measured periods. The neighborhood has shown resilience with a 15.22% appreciation since 2020 despite broader economic challenges in the Alaskan market. Situated in east Anchorage near Merrill Field, Airport Heights offers convenient access to downtown while maintaining a residential character with established homes on larger lots than many newer developments.
24. Northeast
- 2025: $330,510
- 2020: $297,384
- 2015: $270,779
- 2010: $247,352
- % change 2020–2025: 11.14%
- % change 2015–2025: 22.06%
- % change 2010–2025: 33.62%
Northeast’s financial trajectory shows moderate growth with values increasing 33.62% over fifteen years, from $247,352 in 2010 to $330,510 by 2025, including a more modest 11.14% gain since 2020. The area’s consistent but not spectacular appreciation suggests a stable market position without the volatility seen in some other Alaskan neighborhoods. This established Anchorage district features primarily single-family homes on wooded lots with easy access to both Joint Base Elmendorf-Richardson and the Glenn Highway corridor for commuters.
23. Scenic Foothills
- 2025: $355,333
- 2020: $297,254
- 2015: $259,345
- 2010: $227,940
- % change 2020–2025: 19.54%
- % change 2015–2025: 37.01%
- % change 2010–2025: 55.89%
Scenic Foothills demonstrates impressive appreciation with values climbing 55.89% over fifteen years, from $227,940 in 2010 to $355,333 by 2025, with an increased growth rate of 19.54% since 2020. This accelerated recent performance suggests growing buyer preference for the neighborhood’s particular combination of attributes despite Alaska’s challenging economic environment. Nestled against the Chugach Mountain foothills in northeast Anchorage, this aptly named community offers panoramic views of both mountains and the city lights while providing excellent trail access for outdoor enthusiasts.
22. University Area
- 2025: $362,542
- 2020: $309,043
- 2015: $270,916
- 2010: $238,211
- % change 2020–2025: 17.31%
- % change 2015–2025: 33.82%
- % change 2010–2025: 52.19%
University Area’s investment performance shows healthy growth with property values rising 52.19% over fifteen years, from $238,211 in 2010 to $362,542 by 2025, including a solid 17.31% increase since 2020. The neighborhood’s consistent appreciation across all measured periods demonstrates its enduring appeal across changing market conditions. Surrounding the University of Alaska Anchorage campus, this vibrant district blends student housing with established residential streets while offering proximity to Providence Hospital and the Alaska Native Medical Center, two of the city’s largest employers.
21. Knik-Fairview
- 2025: $370,713
- 2020: $287,707
- 2015: $238,205
- 2010: $217,426
- % change 2020–2025: 28.85%
- % change 2015–2025: 55.63%
- % change 2010–2025: 70.50%
Knik-Fairview demonstrates exceptional growth with values surging 70.50% over fifteen years, from $217,426 in 2010 to $370,713 by 2025, with an accelerated 28.85% increase just since 2020. This rapid recent appreciation indicates the area has become increasingly desirable as Anchorage residents seek more affordable alternatives with larger lots and newer construction. Located in the fast-growing Matanuska-Susitna Borough north of Anchorage, this community offers residents more land and housing for their money while remaining within commuting distance to Alaska’s largest employment center.
20. Abbott Loop
- 2025: $376,957
- 2020: $327,627
- 2015: $287,445
- 2010: $256,580
- % change 2020–2025: 15.06%
- % change 2015–2025: 31.14%
- % change 2010–2025: 46.92%
Abbott Loop’s market performance shows steady appreciation with values increasing 46.92% over fifteen years, from $256,580 in 2010 to $376,957 by 2025, with consistent growth across all measured periods. The neighborhood’s 15.06% gain since 2020 reflects solid demand despite broader economic uncertainties in Alaska’s oil-dependent economy. This southeast Anchorage district combines newer planned developments with established subdivisions while offering convenient access to the Seward Highway corridor and proximity to both extensive trail systems and commercial amenities.
19. Tanaina
- 2025: $379,653
- 2020: $279,946
- 2015: $230,716
- 2010: $212,596
- % change 2020–2025: 35.62%
- % change 2015–2025: 64.55%
- % change 2010–2025: 78.58%
Tanaina exemplifies remarkable investment performance with property values soaring 78.58% over fifteen years, from $212,596 in 2010 to $379,653 by 2025, including an extraordinary 35.62% jump since 2020. This accelerated recent growth suggests a significant market repositioning as buyers increasingly recognize the area’s value proposition relative to more established neighborhoods. Located in the expanding Matanuska-Susitna Borough northeast of Wasilla, Tanaina offers more affordable housing options with larger lots while providing access to outdoor recreation and the region’s growing commercial infrastructure.
18. North Lakes
- 2025: $386,242
- 2020: $295,258
- 2015: $239,072
- 2010: $220,839
- % change 2020–2025: 30.81%
- % change 2015–2025: 61.56%
- % change 2010–2025: 74.90%
North Lakes demonstrates exceptional appreciation with values climbing 74.90% over fifteen years, from $220,839 in 2010 to $386,242 by 2025, with particularly strong 30.81% growth occurring just since 2020. The accelerating rate of increase suggests this area is experiencing a real estate renaissance as more buyers discover its particular combination of affordability and amenities. Situated in the Lakes region of the Mat-Su Valley, this community features numerous natural and man-made lakes that provide recreation opportunities while still offering more affordable housing options than comparable Anchorage neighborhoods.
17. Turnagain
- 2025: $408,832
- 2020: $343,695
- 2015: $307,134
- 2010: $273,244
- % change 2020–2025: 18.95%
- % change 2015–2025: 33.11%
- % change 2010–2025: 49.62%
Turnagain’s investment metrics show solid growth with property values increasing 49.62% over fifteen years, from $273,244 in 2010 to $408,832 by 2025, maintaining consistent appreciation across all measured periods. The neighborhood’s 18.95% gain since 2020 demonstrates its enduring market appeal despite economic fluctuations that have impacted other areas. This established west Anchorage neighborhood borders Cook Inlet with many homes offering spectacular water and mountain views, while its proximity to Ted Stevens International Airport makes it particularly attractive to frequent travelers and airline employees.
16. Tudor Area
- 2025: $413,157
- 2020: $368,966
- 2015: $326,228
- 2010: $296,023
- % change 2020–2025: 11.98%
- % change 2015–2025: 26.65%
- % change 2010–2025: 39.57%
Tudor Area’s financial performance shows moderate growth with values increasing 39.57% over fifteen years, from $296,023 in 2010 to $413,157 by 2025, with a more modest 11.98% gain since 2020. This established neighborhood’s below-average recent appreciation suggests it may be reaching market maturity compared to some of Alaska’s more rapidly appreciating areas. Centrally located in midtown Anchorage along the Tudor Road corridor, this neighborhood offers excellent accessibility to the city’s major employment centers, hospitals, and retail districts while featuring a mix of post-war and mid-century homes on established lots.
15. Sand Lake
- 2025: $420,949
- 2020: $356,981
- 2015: $315,046
- 2010: $275,467
- % change 2020–2025: 17.92%
- % change 2015–2025: 33.62%
- % change 2010–2025: 52.81%
Sand Lake demonstrates strong investment performance with property values rising 52.81% over fifteen years, from $275,467 in 2010 to $420,949 by 2025, with balanced growth across all measured periods. The neighborhood’s consistent appreciation trajectory suggests enduring buyer confidence through various economic cycles affecting Alaska’s housing market. Named for its signature lake in southwest Anchorage, this desirable community offers a combination of lakefront properties, wooded lots, and spacious homes while providing convenient access to both outdoor recreation and urban amenities in Alaska’s largest city.
14. Government Hill
- 2025: $439,503
- 2020: $409,416
- 2015: $365,523
- 2010: $306,532
- % change 2020–2025: 7.35%
- % change 2015–2025: 20.24%
- % change 2010–2025: 43.38%
Government Hill’s market performance shows an interesting pattern with strong early growth followed by significant moderation, resulting in a 43.38% total appreciation over fifteen years from $306,532 to $439,503, but just 7.35% since 2020. This tapering growth curve suggests the neighborhood may be approaching a price ceiling within the context of Anchorage’s broader market dynamics. One of Anchorage’s oldest neighborhoods situated on a bluff overlooking Cook Inlet, Government Hill offers historic charm and proximity to downtown while its location adjacent to Joint Base Elmendorf-Richardson provides a steady demand base from military personnel.
13. Old Seward-Oceanview
- 2025: $441,094
- 2020: $372,501
- 2015: $318,775
- 2010: $278,469
- % change 2020–2025: 18.41%
- % change 2015–2025: 38.37%
- % change 2010–2025: 58.40%
Old Seward-Oceanview demonstrates impressive growth with values climbing 58.40% over fifteen years, from $278,469 in 2010 to $441,094 by 2025, with consistent appreciation across all measured periods. The neighborhood’s reliable 18.41% gain since 2020 reflects sustained buyer confidence despite broader economic uncertainties in Alaska’s resource-dependent economy. Stretching along the scenic coastal landscape of south Anchorage, this area offers stunning views of Cook Inlet and the Alaska Range while providing convenient access to the Seward Highway corridor for both commuters and weekend adventurers heading to the Kenai Peninsula.
12. South Addition
- 2025: $441,677
- 2020: $396,423
- 2015: $385,713
- 2010: $352,555
- % change 2020–2025: 11.42%
- % change 2015–2025: 14.51%
- % change 2010–2025: 25.28%
South Addition presents a more modest investment case with values increasing just 25.28% over fifteen years, from $352,555 in 2010 to $441,677 by 2025, significantly underperforming many Alaskan neighborhoods. The area’s relatively slow growth trajectory, particularly between 2015-2020 when appreciation nearly stalled, suggests it may have reached a market equilibrium earlier than other communities. This historic downtown-adjacent neighborhood features some of Anchorage’s most architecturally significant homes dating to the city’s early development, with tree-lined streets offering walkable access to downtown amenities and the Tony Knowles Coastal Trail.
11. Rogers Park
- 2025: $454,063
- 2020: $387,653
- 2015: $346,020
- 2010: $312,961
- % change 2020–2025: 17.13%
- % change 2015–2025: 31.22%
- % change 2010–2025: 45.09%
Rogers Park demonstrates solid financial performance with property values increasing 45.09% over fifteen years, from $312,961 in 2010 to $454,063 by 2025, with consistent growth across all measured periods. The neighborhood’s steady appreciation trajectory of 17.13% since 2020 reflects ongoing buyer confidence in its long-term value proposition. This established midtown Anchorage community features mature trees, well-maintained mid-century homes, and excellent access to both the University of Alaska Anchorage and Providence Medical Center while offering a central location that minimizes commute times to most parts of the city.
10. Bayshore-Klatt
- 2025: $463,789
- 2020: $390,098
- 2015: $341,092
- 2010: $300,503
- % change 2020–2025: 18.89%
- % change 2015–2025: 35.97%
- % change 2010–2025: 54.34%
Bayshore-Klatt’s investment performance shows impressive growth with values rising 54.34% over fifteen years, from $300,503 in 2010 to $463,789 by 2025, with balanced appreciation across all measurement periods. The neighborhood’s continuing 18.89% gain since 2020 indicates sustained market confidence despite Alaska’s economic challenges tied to oil industry fluctuations. Located in southwest Anchorage, this family-friendly area combines planned developments with easy access to both Cook Inlet coastline and extensive municipal parklands while offering more spacious lots than many neighborhoods closer to downtown.
9. Girdwood
- 2025: $486,680
- 2020: $378,881
- 2015: $322,367
- 2010: $294,869
- % change 2020–2025: 28.45%
- % change 2015–2025: 50.97%
- % change 2010–2025: 65.05%
Girdwood demonstrates exceptional growth with property values surging 65.05% over fifteen years, from $294,869 in 2010 to $486,680 by 2025, with acceleration to 28.45% appreciation just since 2020. This rapid recent increase suggests growing demand for the area’s unique combination of accessibility and resort amenities, particularly as remote work becomes more prevalent. Nestled in a picturesque valley about 40 miles south of Anchorage, this premier mountain resort community offers Alaska’s best skiing at Alyeska Resort while providing a blend of luxury vacation properties and primary residences surrounded by spectacular glacier-carved scenery.
8. Bear Valley
- 2025: $561,323
- 2020: $468,452
- 2015: $389,027
- 2010: $314,069
- % change 2020–2025: 19.83%
- % change 2015–2025: 44.29%
- % change 2010–2025: 78.73%
Bear Valley exemplifies exceptional long-term appreciation with values increasing 78.73% over fifteen years, from $314,069 in 2010 to $561,323 by 2025, with particularly strong early growth between 2010-2015. The neighborhood continues to attract premium buyers with 19.83% additional appreciation since 2020 despite already elevated valuations. Perched on the upper hillside of south Anchorage, this exclusive community features larger lots with stunning panoramic views of Cook Inlet, the Alaska Range, and occasionally even Denali on clear days, while offering a sense of wilderness seclusion despite being just 20 minutes from downtown.
7. Turnagain Arm
- 2025: $563,928
- 2020: $477,373
- 2015: $410,208
- 2010: NA
- % change 2020–2025: 18.13%
- % change 2015–2025: 37.47%
- % change 2010–2025: NA
Turnagain Arm demonstrates strong financial performance with values increasing 37.47% over the decade, from $410,208 in 2015 to $563,928 by 2025, maintaining solid 18.13% growth since 2020 despite broader economic uncertainties. The area’s consistent appreciation trajectory reflects enduring demand for its unique combination of dramatic natural setting and relative accessibility to Anchorage. Stretching along the scenic coastal corridor south of Anchorage, this string of small communities wedged between mountains and tidal waters offers some of Alaska’s most dramatic residential settings, with homes perched on cliffs overlooking one of the world’s highest tidal ranges.
6. Huffman-O’Malley
- 2025: $587,128
- 2020: $474,628
- 2015: $441,062
- 2010: $400,354
- % change 2020–2025: 23.70%
- % change 2015–2025: 33.12%
- % change 2010–2025: 46.65%
Huffman-O’Malley’s investment profile shows solid appreciation with values rising 46.65% over fifteen years, from $400,354 in 2010 to $587,128 by 2025, with acceleration to 23.70% growth since 2020. This increased recent growth rate suggests renewed buyer interest in the area’s particular combination of spacious lots and convenient location within the Anchorage municipality. Located in south Anchorage along the lower hillside, this upscale community offers generous lot sizes with mountain views while providing excellent access to both extensive trail systems and major retail corridors, creating an attractive blend of natural setting and urban convenience.
5. Mid-Hillside
- 2025: $650,681
- 2020: $534,314
- 2015: $498,289
- 2010: $462,248
- % change 2020–2025: 21.78%
- % change 2015–2025: 30.58%
- % change 2010–2025: 40.76%
Mid-Hillside demonstrates strong market performance with values increasing 40.76% over fifteen years, from $462,248 in 2010 to $650,681 by 2025, with accelerated 21.78% growth just since 2020. This premium neighborhood has maintained its upward trajectory despite starting from already elevated valuations, indicating sustained demand from high-income buyers. Situated on the slopes of the Chugach Mountains in east Anchorage, this prestigious community offers spectacular city and mountain views from larger lots with custom homes, while providing access to extensive trail systems directly from residential areas and relative proximity to major employment centers.
4. South Fork
- 2025: $665,361
- 2020: $534,244
- 2015: $459,474
- 2010: $438,367
- % change 2020–2025: 24.54%
- % change 2015–2025: 44.81%
- % change 2010–2025: 51.78%
South Fork’s financial trajectory shows impressive growth with values climbing 51.78% over fifteen years, from $438,367 in 2010 to $665,361 by 2025, with particularly strong 24.54% appreciation since 2020. The neighborhood experienced relatively modest growth between 2010-2015 before accelerating substantially in recent years as more buyers sought its particular combination of attributes. Located along the South Fork of Campbell Creek in the Eagle River area northeast of Anchorage, this exclusive community offers larger parcels in a semi-rural setting with spectacular mountain views while remaining within commuting distance to employment centers in Alaska’s largest city.
3. Rabbit Creek
- 2025: $753,736
- 2020: $583,760
- 2015: $554,236
- 2010: $531,733
- % change 2020–2025: 29.12%
- % change 2015–2025: 36.00%
- % change 2010–2025: 41.75%
Rabbit Creek demonstrates remarkable recent performance with property values increasing 41.75% over fifteen years, from $531,733 in 2010 to $753,736 by 2025, but with dramatically accelerated 29.12% growth occurring just since 2020. The neighborhood showed relatively modest appreciation in earlier periods before this recent surge, suggesting changing buyer preferences in Alaska’s luxury market segment. Positioned on the upper hillside in south Anchorage, this prestigious area features estate-sized lots with custom homes offering panoramic views of Cook Inlet, multiple mountain ranges, and protected parklands while providing a sense of privacy despite proximity to urban amenities.
2. Hillside East
- 2025: $755,567
- 2020: $590,787
- 2015: $539,393
- 2010: $525,684
- % change 2020–2025: 27.89%
- % change 2015–2025: 40.08%
- % change 2010–2025: 43.73%
Hillside East’s investment performance exhibits an unusual pattern with minimal early growth followed by substantial recent acceleration, resulting in 43.73% total appreciation from $525,684 in 2010 to $755,567 by 2025. The neighborhood experienced just 2.6% growth between 2010-2015 before gaining significant momentum, with 27.89% appreciation occurring just since 2020. This eastern section of Anchorage’s prestigious hillside district features larger lots with custom homes nestled among natural forest settings while offering convenient access to Chugach State Park trailheads and the scenic views that come with elevated positioning on the lower slopes of the mountains.
1. Basher
- 2025: $907,667
- 2020: $706,326
- 2015: $650,868
- 2010: $634,878
- % change 2020–2025: 28.51%
- % change 2015–2025: 39.45%
- % change 2010–2025: 42.97%
Basher stands as Alaska’s most exclusive neighborhood with property values approaching the million-dollar mark, climbing 42.97% over fifteen years from $634,878 in 2010 to $907,667 by 2025. The area’s financial trajectory shows minimal growth between 2010-2015 before substantial acceleration, with 28.51% appreciation occurring just since 2020 as luxury buyers increasingly recognized its unique value proposition. Located in the northeastern corner of Anchorage against the boundary of Chugach State Park, this secluded enclave features large acreage properties with custom luxury homes surrounded by pristine wilderness settings that offer both privacy and direct access to world-class outdoor recreation opportunities while still maintaining reasonable commute times to urban amenities.
