I’ve analyzed the Zillow Home Value Index data to bring you insights into Alaska’s residential real estate market. What I discovered while examining home values across Alaska’s towns was nothing short of fascinating. The capital city of Juneau tops the list at $477,344, while even the “least expensive” towns in our top 25 show remarkable growth trajectories.
The most striking observation is how dramatically some smaller communities have appreciated since 2010. Seward leads with an incredible 83.44% growth over this period, with Meadow Lakes close behind at 79.14%. This outpaces the statewide average growth of 63.73% for our top towns, pointing to shifting preferences for Alaska homebuyers toward specific regions.
What’s particularly interesting in recent years is the surge in values for traditionally recreational destinations. Cooper Landing, known for world-class fishing on the Kenai Peninsula, has shown the strongest five-year growth at nearly 34%. Meanwhile, two towns (Petersburg and Sitka) actually decreased in value since 2020, suggesting that pandemic-era market dynamics affected Alaska’s communities in markedly different ways.
25. Barrow
- 2025 value: $296,873.83
- 2020 value: $237,230.19
- Change from 2020 to 2025: 25.14%
Tucked away on Alaska’s northern coast, Barrow (officially renamed Utqiagvik) stands as America’s northernmost community and offers a unique housing market experience. I’ve tracked its impressive 25.14% growth since 2020, bringing average home values to $296,873 in 2025 from $237,230 five years ago. This remote Arctic community sits 330 miles north of the Arctic Circle along the Chukchi Sea, presenting both challenges and unique appeal for residents willing to embrace its extreme climate and isolation.
24. Haines
- 2025 value: $301,265.58
- 2020 value: N/A
The picturesque coastal town of Haines has emerged as one of Alaska’s real estate gems with current values averaging $301,265. Unfortunately, I don’t have complete historical data to track its growth trajectory, but its current position among Alaska’s most valuable markets speaks volumes. Nestled between towering mountains and deep fjords in Southeast Alaska, Haines offers residents both breathtaking scenery and relative accessibility via the Alaska Marine Highway ferry system.
23. North Pole
- 2025 value: $308,381.02
- 2020 value: $278,662.90
- 2015 value: $220,722.75
- 2010 value: $229,225.93
- Change from 2010 to 2025: 34.53%
- Change from 2015 to 2025: 39.71%
- Change from 2020 to 2025: 10.66%
Despite its festive name, North Pole’s real estate market has shown remarkably steady growth patterns with none of the volatility one might expect in Alaska’s interior region. I’ve observed home values climb from $229,225 in 2010 to $308,381 in 2025, representing a solid 34.53% appreciation over fifteen years. Located just 14 miles southeast of Fairbanks, this Christmas-themed community offers residents suburban living with easy access to urban amenities while maintaining its unique small-town character.
22. Petersburg
- 2025 value: $319,396.08
- 2020 value: $320,636.93
- Change from 2020 to 2025: -0.39%
Nestled among the islands of Alaska’s Inside Passage, Petersburg presents one of the few anomalies in my analysis with a slight 0.39% decrease in home values since 2020. Current homes average $319,396, down slightly from $320,636 five years ago. This charming fishing community, known as “Little Norway” for its Scandinavian heritage, sits on Mitkof Island where Frederick Sound meets Wrangell Narrows, offering residents extraordinary access to some of Alaska’s most productive fishing grounds coupled with small-town coastal living.
21. Kenai
- 2025 value: $322,240.94
- 2020 value: $272,457.92
- 2015 value: $226,790.30
- 2010 value: $207,999.28
- Change from 2010 to 2025: 54.92%
- Change from 2015 to 2025: 42.09%
- Change from 2020 to 2025: 18.27%
The historic fishing community of Kenai showcases remarkable consistency in its housing appreciation, climbing steadily from $207,999 in 2010 to $322,240 by 2025. I’m particularly impressed by its recent acceleration, with an 18.27% jump since 2020 outpacing its longer-term 54.92% fifteen-year growth rate. Located at the mouth of the world-famous Kenai River on the western edge of the Kenai Peninsula, this community balances its rich Native Alaskan and Russian heritage with modern amenities and unparalleled sport fishing opportunities.
20. Valdez
- 2025 value: $327,455.47
- 2020 value: N/A
The resilient port city of Valdez now boasts average home values of $327,455, securing its spot among Alaska’s most valuable real estate markets. While historical comparison data isn’t available in my analysis, the current pricing reflects its unique position in Alaska’s economy. Surrounded by the towering Chugach Mountains where they meet Prince William Sound, Valdez serves as the southern terminus of the Trans-Alaska Pipeline while offering residents extraordinary recreational opportunities from world-class heli-skiing to some of Alaska’s most accessible glaciers.
19. Diamond Ridge
- 2025 value: $335,518.77
- 2020 value: $272,264.48
- 2015 value: $221,403.97
- 2010 value: $199,642.69
- Change from 2010 to 2025: 68.06%
- Change from 2015 to 2025: 51.54%
- Change from 2020 to 2025: 23.23%
The breathtaking vistas from Diamond Ridge have certainly translated into impressive home value appreciation, with prices soaring 68.06% since 2010 to reach $335,518 today. I’ve noted particularly strong recent performance, with a robust 23.23% gain just since 2020. This scenic community perched above Homer on the Kenai Peninsula offers residents panoramic views of Kachemak Bay and the glaciated Kenai Mountains beyond, providing the perfect blend of rural privacy with convenient access to Homer’s amenities just minutes away.
18. Delta Junction
- 2025 value: $336,026.68
- 2020 value: $254,828.58
- Change from 2020 to 2025: 31.86%
Few markets in my analysis have shown the explosive recent growth of Delta Junction, where values have surged 31.86% since 2020 to reach $336,026. This remarkable appreciation highlights shifting preferences among Alaskan homebuyers. Situated at the junction of the Richardson and Alaska Highways about 95 miles southeast of Fairbanks, this historic community marks the official end of the Alaska Highway while offering residents an independent lifestyle with stunning views of the Alaska Range and easy access to world-class hunting and fishing.
17. Sterling
- 2025 value: $343,538.16
- 2020 value: $275,565.07
- 2015 value: $218,346.44
- 2010 value: $199,316.37
- Change from 2010 to 2025: 72.36%
- Change from 2015 to 2025: 57.34%
- Change from 2020 to 2025: 24.67%
The remarkable transformation of Sterling’s housing market caught my attention immediately, with values rocketing 72.36% since 2010 to reach $343,538 today. Even more impressive is the acceleration I’ve tracked, with nearly 25% growth in just the past five years. This quiet community stretches along the Sterling Highway and Kenai River between Soldotna and Cooper Landing, providing residents with direct access to world-class salmon fishing while maintaining a rural character only minutes from the greater Kenai/Soldotna area’s shopping and services.
16. Meadow Lakes
- 2025 value: $344,320.42
- 2020 value: $266,282.70
- 2015 value: $210,942.65
- 2010 value: $192,210.90
- Change from 2010 to 2025: 79.14%
- Change from 2015 to 2025: 63.23%
- Change from 2020 to 2025: 29.31%
The spectacular growth trajectory of Meadow Lakes places it among Alaska’s hottest real estate markets, with values soaring a remarkable 79.14% since 2010. I’ve watched its ascent accelerate recently with nearly 30% growth just since 2020, pushing average home values to $344,320. This rapidly developing area between Wasilla and Houston in the Matanuska-Susitna Borough offers residents a blend of rural living with suburban conveniences, featuring numerous lakes and trails while maintaining easy access to the commercial centers of the Mat-Su Valley.
15. Seward
- 2025 value: $349,161.52
- 2020 value: $264,965.48
- 2015 value: $202,444.88
- 2010 value: $190,336.92
- Change from 2010 to 2025: 83.44%
- Change from 2015 to 2025: 72.47%
- Change from 2020 to 2025: 31.78%
The crown jewel of long-term growth in my analysis belongs to Seward, where home values have skyrocketed an astounding 83.44% since 2010, culminating in today’s average of $349,161. I’m particularly struck by its consistent acceleration, including 31.78% growth in just the past five years. This historic port city nestled between the Kenai Mountains and Resurrection Bay serves as the gateway to Kenai Fjords National Park, offering residents a unique combination of maritime heritage, stunning mountain scenery, and a surprisingly mild coastal climate by Alaska standards.
14. Soldotna
- 2025 value: $351,365.77
- 2020 value: $290,810.52
- 2015 value: $242,730.92
- 2010 value: $226,144.08
- Change from 2010 to 2025: 55.37%
- Change from 2015 to 2025: 44.76%
- Change from 2020 to 2025: 20.82%
The commercial heart of the Kenai Peninsula has demonstrated reliable growth in my analysis, with Soldotna home values rising 55.37% since 2010 to reach $351,365 today. I’ve noted a healthy acceleration in recent years with 20.82% growth since 2020, reflecting its continued appeal. Located at the junction of the Sterling and Kenai Spur Highways along the famous Kenai River, Soldotna functions as the peninsula’s primary shopping and service hub while offering residents excellent recreational opportunities with multiple public access points to world-class salmon fishing.
13. Palmer
- 2025 value: $383,216.96
- 2020 value: $295,604.56
- 2015 value: $241,216.06
- 2010 value: $223,596.50
- Change from 2010 to 2025: 71.39%
- Change from 2015 to 2025: 58.87%
- Change from 2020 to 2025: 29.64%
The agricultural charm of Palmer has clearly translated into real estate gold, with home values climbing 71.39% since 2010 to reach $383,216 today. What really stands out in my analysis is its recent surge, with nearly 30% growth in just the past five years. This historic farming community sits in the fertile Matanuska Valley just 42 miles northeast of Anchorage, where the stunning Chugach Mountains create a dramatic backdrop for its distinctive grid-pattern downtown that preserves its New Deal colony heritage while embracing modern development.
12. Wasilla
- 2025 value: $383,865.74
- 2020 value: $296,916.63
- 2015 value: $244,255.84
- 2010 value: $227,162.54
- Change from 2010 to 2025: 68.98%
- Change from 2015 to 2025: 57.16%
- Change from 2020 to 2025: 29.28%
The commercial powerhouse of the Mat-Su Valley has translated its growth into substantial home value appreciation, with Wasilla prices rising nearly 69% since 2010 to reach today’s average of $383,865. I’ve tracked particularly strong performance since 2020, with 29.28% growth in just five years. Located about 43 miles northeast of Anchorage along the Parks Highway, Wasilla serves as the primary shopping destination for the entire Matanuska-Susitna Borough while offering residents scenic lake views, mountain vistas, and relatively easy commuting access to Anchorage.
11. Homer
- 2025 value: $384,552.15
- 2020 value: $305,463.93
- 2015 value: $248,079.17
- 2010 value: $233,302.59
- Change from 2010 to 2025: 64.83%
- Change from 2015 to 2025: 55.01%
- Change from 2020 to 2025: 25.89%
The enchanting coastal community of Homer has rewarded property owners with impressive 64.83% appreciation since 2010, bringing average values to $384,552 today. I find its consistent growth pattern particularly noteworthy, including a robust 25.89% increase just since 2020. Known as the “Halibut Fishing Capital of the World,” Homer stretches along Kachemak Bay at the southwestern tip of the Kenai Peninsula, where its iconic 4.5-mile spit extends into the bay, offering residents an artistic community with breathtaking views across the bay to the glaciated Kenai Mountains.
10. Anchorage
- 2025 value: $384,756.59
- 2020 value: $333,002.25
- 2015 value: $293,987.53
- 2010 value: $263,624.83
- Change from 2010 to 2025: 45.95%
- Change from 2015 to 2025: 30.88%
- Change from 2020 to 2025: 15.54%
Alaska’s largest city shows the steady, moderate growth one might expect from an established urban center, with Anchorage home values increasing 45.95% since 2010 to reach $384,756 today. In my analysis, I’ve noted its more modest recent performance with 15.54% growth since 2020, the lowest five-year growth rate among the top ten towns. Nestled between the Chugach Mountains and Cook Inlet, Anchorage combines urban amenities with extraordinary wilderness access, serving as both Alaska’s commercial hub and a gateway to incredible outdoor recreation just minutes from downtown.
9. Ketchikan
- 2025 value: $385,712.07
- 2020 value: $329,096.05
- 2015 value: $258,162.60
- 2010 value: $231,631.29
- Change from 2010 to 2025: 66.52%
- Change from 2015 to 2025: 49.41%
- Change from 2020 to 2025: 17.20%
The “First City” of Alaska’s Inside Passage has delivered solid investment returns with 66.52% home value growth since 2010, bringing today’s average to $385,712. I’ve observed that while its five-year growth of 17.20% remains healthy, it represents a slight cooling from earlier periods. Stretched along the southwestern coast of Revillagigedo Island, Ketchikan clings dramatically to the steep hillsides where the Tongass National Forest meets the sea, offering residents a uniquely vertical lifestyle with its many stairways serving as public streets amid abundant rainfall that nourishes the surrounding temperate rainforest.
8. Cordova
- 2025 value: $392,669.85
- 2020 value: N/A
The isolated fishing community of Cordova now commands impressive average home values of $392,669, securing its position among Alaska’s premium markets. While I don’t have historical data for comparison, its current pricing reflects its unique appeal. Nestled at the southeastern edge of Prince William Sound where the Copper River meets the Gulf of Alaska, Cordova remains accessible only by boat or plane, creating a tight-knit community where commercial fishing drives the economy and residents enjoy extraordinary access to pristine wilderness including nearby Chugach National Forest and the famous Copper River Delta.
7. Kodiak
- 2025 value: $433,344.05
- 2020 value: $380,000.61
- 2015 value: $303,121.47
- 2010 value: $260,569.41
- Change from 2010 to 2025: 66.31%
- Change from 2015 to 2025: 42.96%
- Change from 2020 to 2025: 14.04%
The legendary island community of Kodiak has delivered strong returns with 66.31% appreciation since 2010, bringing average home values to $433,344 today. In reviewing the data, I’ve noted its more modest recent growth of 14.04% since 2020, suggesting a maturing market. Located on Alaska’s second-largest island about 250 air miles southwest of Anchorage, Kodiak blends its diverse heritage of Native Alutiiq culture, Russian history, and commercial fishing tradition, while offering residents stunning emerald landscapes supporting the island’s famous Kodiak brown bears alongside important Coast Guard facilities.
6. Cooper Landing
- 2025 value: $447,496.58
- 2020 value: $334,337.62
- 2015 value: $264,678.34
- Change from 2015 to 2025: 69.07%
- Change from 2020 to 2025: 33.85%
The remarkable ascent of Cooper Landing in my analysis reveals a true real estate star, with values surging 69.07% in a decade to reach $447,496 today. What truly distinguishes this community is its recent acceleration, with an eye-popping 33.85% growth just since 2020 – the highest five-year growth rate in our entire study. This historic settlement sits at the confluence of Kenai Lake and the upper Kenai River in a stunning mountain valley, where its world-famous turquoise waters attract fly fishermen from around the globe while providing residents with unparalleled recreational access amid dramatic mountain scenery.
5. Eagle River
- 2025 value: $452,915.56
- 2020 value: $394,761.04
- Change from 2020 to 2025: 14.73%
The premier bedroom community of Anchorage continues to command premium prices, with Eagle River homes now averaging $452,915 after 14.73% growth since 2020. While historical data prior to 2020 isn’t available in my analysis, its current strong positioning speaks to its enduring appeal. Located about 13 miles northeast of downtown Anchorage along the Glenn Highway, Eagle River offers residents the perfect balance of suburban comfort with convenient commuting distance to Anchorage, all while nestled in the spectacular Eagle River Valley with towering peaks of Chugach State Park rising dramatically on three sides.
4. Kachemak City
- 2025 value: $466,054.82
- 2020 value: $364,398.45
- 2015 value: $283,838.42
- 2010 value: $277,714.92
- Change from 2010 to 2025: 67.82%
- Change from 2015 to 2025: 64.20%
- Change from 2020 to 2025: 27.90%
The tiny enclave of Kachemak City has delivered remarkable returns with 67.82% appreciation since 2010, bringing average home values to an impressive $466,054 today. I’ve noted particularly strong recent performance with 27.90% growth since 2020, suggesting accelerating demand. This small residential community sits adjacent to Homer on the north shore of Kachemak Bay, where it offers residents spectacular bay and mountain views along with the privacy of a separate municipality while maintaining convenient access to Homer’s services just minutes away.
3. Sitka
- 2025 value: $473,061.83
- 2020 value: $478,906.94
- Change from 2020 to 2025: -1.22%
The historic Russian capital of Alaska presents one of the few market contractions in my analysis, with Sitka home values decreasing slightly by 1.22% since 2020 to reach $473,061 today. Despite this minor adjustment, it remains Alaska’s third most expensive housing market. Spread along the western shore of Baranof Island facing the Gulf of Alaska, Sitka blends its rich Russian and Tlingit heritage with stunning natural beauty, where residents enjoy a unique island lifestyle with homes nestled between towering mountains and the protected waters of Sitka Sound.
2. Chugiak
- 2025 value: $473,518.94
- 2020 value: $400,754.01
- Change from 2020 to 2025: 18.16%
The upscale enclave of Chugiak continues its impressive ascent in Alaska’s housing hierarchy, with values climbing 18.16% since 2020 to reach $473,518 today. While earlier historical data isn’t available in my dataset, its current second-place position speaks volumes about its desirability. Located about 20 miles northeast of Anchorage along the Glenn Highway, Chugiak offers residents a more rural alternative to Eagle River with larger lots, greater privacy, and a strong sense of community while maintaining reasonable commuting distance to Anchorage amid the dramatic backdrop of the Chugach Mountains.
1. Juneau
- 2025 value: $477,344.60
- 2020 value: $397,905.09
- 2015 value: $352,398.03
- 2010 value: $305,441.27
- Change from 2010 to 2025: 56.28%
- Change from 2015 to 2025: 35.46%
- Change from 2020 to 2025: 19.96%
Alaska’s capital city reigns supreme in the housing market, with Juneau home values reaching an impressive $477,344 after 56.28% growth since 2010. I’ve observed steady appreciation across all timeframes, including nearly 20% growth just since 2020. Stretched along the Gastineau Channel in Alaska’s southeastern panhandle, Juneau’s unique status as the only state capital inaccessible by road creates a distinctive housing market where limited buildable land meets stable government employment, all surrounded by the magnificent wilderness of the Tongass National Forest and Juneau Icefield, with towering mountains rising dramatically from sea level.
