According to the latest Zillow Home Value Index, Alaska’s housing market is heating up in some truly unexpected places. In 2025, home prices in 23 towns across the state have surged—some quietly, others dramatically—reflecting a mix of demand, scarcity, and pure frontier appeal.
From seaside villages with postcard views to Anchorage-adjacent neighborhoods where space is at a premium, these places prove that even in the far north, real estate can get red-hot. Whether it’s the draw of remote living, local industry booms, or just the rising cost of breathing clean air and seeing stars, Alaska’s priciest towns are rewriting what “expensive” means off the grid.
23. Wrangell – 39.2% Home Price Increase Since 2016
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $227,117 (N/A from previous year)
- 2017: $213,047 (–$14,071, –6.20% from previous year)
- 2018: $223,246 (+$10,199, +4.79% from previous year)
- 2019: $243,469 (+$20,223, +9.06% from previous year)
- 2020: N/A
- 2021: $283,843 (+$40,374, +16.58% from previous year)
- 2022: $312,718 (+$28,876, +10.17% from previous year)
- 2023: $267,572 (–$45,146, –14.44% from previous year)
- 2024: $291,898 (+$24,326, +9.09% from previous year)
- 2025: $316,097 (+$24,199, +8.29% from previous year)
Home values in Wrangell have been anything but steady. After a slow start with no data available prior to 2016, prices dipped in 2017 but quickly gained steam, rising over 39% by 2025. A notable jump occurred from 2020 to 2022, followed by a temporary dip in 2023. Despite these swings, Wrangell’s market shows strong long-term growth.
Wrangell – A Port Town With Historic Roots
Sitting at the northern end of the Inside Passage, Wrangell is one of Alaska’s oldest settlements. Its economic ties to fishing, timber, and tourism mean seasonal factors likely contribute to price volatility. Recent increases suggest renewed interest in small-town coastal living, especially among buyers seeking scenic isolation with marine access.
Limited housing stock, challenging logistics, and reliance on ferry and air transport make Wrangell more expensive than many might expect. As one of Alaska’s less accessible towns, it’s an intriguing outlier on this list of costly communities.
22. North Pole – 35.7% Home Price Increase Since 2010
- 2010: $233,325 (N/A from previous year)
- 2011: $235,981 (+$2,656, +1.14% from previous year)
- 2012: $236,124 (+$144, +0.06% from previous year)
- 2013: $233,545 (–$2,579, –1.09% from previous year)
- 2014: $227,504 (–$6,041, –2.59% from previous year)
- 2015: $229,479 (+$1,975, +0.87% from previous year)
- 2016: $238,374 (+$8,895, +3.88% from previous year)
- 2017: $245,839 (+$7,465, +3.13% from previous year)
- 2018: $261,280 (+$15,441, +6.28% from previous year)
- 2019: $272,486 (+$11,205, +4.29% from previous year)
- 2020: N/A
- 2021: $290,728 (+$18,242, +6.69% from previous year)
- 2022: $309,871 (+$19,143, +6.58% from previous year)
- 2023: $308,952 (–$919, –0.30% from previous year)
- 2024: $316,532 (+$7,580, +2.45% from previous year)
- 2025: $316,774 (+$242, +0.08% from previous year)
North Pole has enjoyed steady, if modest, growth in housing prices since 2010. The overall trajectory adds up to a 35.7% increase over 15 years. The only significant dip occurred in 2013–2014, but home values bounced back and have mostly climbed since.
North Pole – Arctic Branding, Modest Growth
Located just outside Fairbanks, North Pole leans heavily into its holiday-themed branding, attracting both tourists and families. Its proximity to Eielson Air Force Base also contributes to local stability. The town’s affordability compared to nearby areas and its consistent rise in home values indicate moderate but persistent demand.
Despite its frosty reputation, North Pole offers relatively accessible prices for interior Alaska and is appealing to military families and locals seeking small-town charm near the state’s second-largest city.
21. Sterling – 72.4% Home Price Increase Since 2010
- 2010: $190,996 (N/A from previous year)
- 2011: $190,512 (–$484, –0.25% from previous year)
- 2012: $196,787 (+$6,275, +3.29% from previous year)
- 2013: $198,758 (+$1,970, +1.00% from previous year)
- 2014: $201,663 (+$2,906, +1.46% from previous year)
- 2015: $212,769 (+$11,105, +5.51% from previous year)
- 2016: $221,665 (+$8,897, +4.18% from previous year)
- 2017: $233,557 (+$11,892, +5.36% from previous year)
- 2018: $236,455 (+$2,898, +1.24% from previous year)
- 2019: $252,079 (+$15,624, +6.61% from previous year)
- 2020: N/A
- 2021: $284,120 (+$32,041, +12.71% from previous year)
- 2022: $317,569 (+$33,449, +11.77% from previous year)
- 2023: $315,518 (–$2,050, –0.65% from previous year)
- 2024: $324,562 (+$9,044, +2.87% from previous year)
- 2025: $329,167 (+$4,605, +1.42% from previous year)
Sterling has posted one of the steadiest climbs in this list, with prices growing 72.4% since 2010. The only year with a small drop was 2023, but that didn’t derail the town’s long-term upward trend. Growth was especially strong from 2020 through 2022.
Sterling – Quiet Appeal on the Kenai Peninsula
Located along the Kenai River, Sterling is a quiet community known for fishing, wide-open spaces, and recreational access. These features likely drive continued demand among retirees and seasonal residents. While not flashy, its slow-and-steady gains make it a reliable performer in the Alaska housing market.
Affordability combined with lifestyle amenities makes Sterling attractive to those looking for a balance between wilderness and livability. Real estate growth here has mirrored that measured appeal.
20. Haines – 14.0% Home Price Increase Since 2021
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: N/A
- 2017: N/A
- 2018: N/A
- 2019: N/A
- 2020: N/A
- 2021: $294,770 (N/A from previous year)
- 2022: $338,303 (+$43,534, +14.77% from previous year)
- 2023: $321,463 (–$16,840, –4.98% from previous year)
- 2024: $318,321 (–$3,142, –0.98% from previous year)
- 2025: $336,182 (+$17,861, +5.61% from previous year)
Haines has only recent data, beginning in 2021, but still shows a respectable 14% increase in home values since that time. After a large spike in 2022, prices dipped the next two years before recovering again in 2025.
Haines – Scenic Living With Market Volatility
Perched on the Lynn Canal, Haines is a destination for artists, outdoor lovers, and ferry travelers. The town offers dramatic scenery and a tight-knit feel, but its remote location means home prices can fluctuate significantly with demand.
The rebound in 2025 could signal renewed interest from remote workers or second-home buyers. While values are still lower than some other southeast towns, Haines stands out for its mix of beauty and price unpredictability.
19. Petersburg – 13.9% Home Price Increase Since 2017
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: N/A
- 2017: $295,779 (N/A from previous year)
- 2018: $309,244 (+$13,465, +4.55% from previous year)
- 2019: $323,989 (+$14,745, +4.77% from previous year)
- 2020: N/A
- 2021: $363,509 (+$39,519, +12.20% from previous year)
- 2022: $373,463 (+$9,954, +2.74% from previous year)
- 2023: $326,115 (–$47,348, –12.68% from previous year)
- 2024: $331,101 (+$4,986, +1.53% from previous year)
- 2025: $337,031 (+$5,930, +1.79% from previous year)
Petersburg’s home prices have increased 13.9% since 2017, with growth slowing after a big jump in 2021. Prices took a major dip in 2023 but have since started climbing again, suggesting a possible recovery.
Petersburg – Fishing Hub With High Swings
Nicknamed “Little Norway,” Petersburg thrives on its Scandinavian heritage and commercial fishing. As one of Alaska’s busiest small ports, it’s susceptible to economic cycles in the seafood industry—which can cause housing prices to swing year to year.
Despite the 2023 drop, consistent long-term value gains suggest the town’s fundamentals remain solid. Infrastructure, school quality, and cultural richness keep Petersburg firmly on the map for serious buyers.
18. Seward – 83.7% Home Price Increase Since 2010
- 2010: $186,960
- 2011: $186,899 (–$61, –0.03% from previous year)
- 2012: $185,837 (–$1,062, –0.57% from previous year)
- 2013: $186,146 (+$309, +0.17% from previous year)
- 2014: $191,718 (+$5,573, +2.99% from previous year)
- 2015: $202,373 (+$10,655, +5.56% from previous year)
- 2016: $213,793 (+$11,420, +5.64% from previous year)
- 2017: $223,659 (+$9,867, +4.62% from previous year)
- 2018: $233,022 (+$9,362, +4.19% from previous year)
- 2019: $248,868 (+$15,846, +6.80% from previous year)
- 2020: N/A
- 2021: $288,102 (+$39,235, +15.77% from previous year)
- 2022: $319,798 (+$31,696, +11.00% from previous year)
- 2023: $323,988 (+$4,190, +1.31% from previous year)
- 2024: $334,187 (+$10,198, +3.15% from previous year)
- 2025: $343,428 (+$9,242, +2.77% from previous year)
Seward has experienced robust growth in home values since 2010, with an 83.7% increase over 15 years. Much of this growth came in the early 2020s, particularly in 2021 and 2022. Price appreciation has continued more modestly since, reinforcing Seward’s steady upward trend.
Seward – Coastal Charm and Economic Stability
Located at the head of Resurrection Bay, Seward is both a cruise ship hub and a year-round community, famous for the Alaska SeaLife Center and its stunning mountain-meets-ocean setting. The town attracts tourists, seasonal workers, and residents drawn by its natural beauty and accessibility to Anchorage.
The jump in home prices reflects that desirability, combined with constrained housing inventory. With tourism rebounding and infrastructure investments in place, Seward’s real estate market remains among the strongest on the Kenai Peninsula.
17. Soldotna – 56.1% Home Price Increase Since 2010
- 2010: $220,736
- 2011: $222,339 (+$1,603, +0.73% from previous year)
- 2012: $223,515 (+$1,176, +0.53% from previous year)
- 2013: $227,302 (+$3,787, +1.69% from previous year)
- 2014: $230,473 (+$3,171, +1.40% from previous year)
- 2015: $241,729 (+$11,256, +4.88% from previous year)
- 2016: $255,760 (+$14,031, +5.80% from previous year)
- 2017: $260,888 (+$5,128, +2.00% from previous year)
- 2018: $261,458 (+$570, +0.22% from previous year)
- 2019: $277,051 (+$15,593, +5.96% from previous year)
- 2020: N/A
- 2021: $300,591 (+$23,540, +8.50% from previous year)
- 2022: $339,733 (+$39,142, +13.02% from previous year)
- 2023: $338,544 (–$1,188, –0.35% from previous year)
- 2024: $342,103 (+$3,559, +1.05% from previous year)
- 2025: $344,408 (+$2,305, +0.67% from previous year)
Soldotna’s home prices have risen over 56% since 2010, with significant gains in the post-2020 market. The market cooled slightly in 2023, but the general upward trend has remained intact. Its affordability and quality of life help keep demand strong.
Soldotna – Affordable Growth on the Kenai River
Known for world-class salmon fishing, Soldotna is a central hub on the Kenai Peninsula. Its population has grown steadily thanks to accessible amenities and recreational opportunities. The strong price increases since 2020 highlight this town’s rising profile among both locals and transplants.
Real estate here is still considered affordable by Alaska standards, even with the recent gains. Local schools, healthcare access, and proximity to wilderness all contribute to Soldotna’s appeal—and to its real estate strength.
16. Delta Junction – 53.8% Home Price Increase Since 2016
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $224,089
- 2017: $224,091 (+$1, +0.00% from previous year)
- 2018: $233,537 (+$9,447, +4.22% from previous year)
- 2019: $245,105 (+$11,567, +4.95% from previous year)
- 2020: N/A
- 2021: $304,351 (+$59,246, +24.17% from previous year)
- 2022: $356,583 (+$52,232, +17.16% from previous year)
- 2023: $307,886 (–$48,697, –13.66% from previous year)
- 2024: $328,732 (+$20,846, +6.77% from previous year)
- 2025: $344,556 (+$15,824, +4.81% from previous year)
Delta Junction’s prices have grown more than 53% since 2016, with huge gains in 2021 and 2022. The market dipped sharply in 2023, but values have since begun recovering, suggesting stabilization may be underway.
Delta Junction – Rural Growth With Military Ties
Located near Fort Greely and at the end of the Alaska Highway, Delta Junction serves both civilian and military communities. Its rural setting and open land have traditionally kept prices lower, but recent growth reflects a broader statewide trend of rising rural demand.
The local economy is supported by agriculture, military infrastructure, and hunting tourism. These factors have created a surprising surge in real estate activity—though the town’s size still limits overall inventory.
15. Valdez – 3.5% Home Price Increase Since 2022
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: N/A
- 2017: N/A
- 2018: N/A
- 2019: N/A
- 2020: N/A
- 2021: N/A
- 2022: $333,235
- 2023: $323,221 (–$10,014, –3.01% from previous year)
- 2024: $334,257 (+$11,036, +3.41% from previous year)
- 2025: $344,901 (+$10,644, +3.18% from previous year)
Valdez has limited recent data, but since 2022, prices have climbed 3.5%. After a brief dip in 2023, the market rebounded in 2024 and 2025, showing consistent if modest upward momentum in this remote coastal city.
Valdez – Oil Port With Scenic Appeal
Famous as the terminus of the Trans-Alaska Pipeline, Valdez is both a logistics hub and a coastal gateway to Prince William Sound. Despite its industrial roots, the town offers strong visual appeal with surrounding mountains and glacial waters.
The housing market here reflects both isolation and opportunity. With limited available data, it’s clear prices are inching upward, but volatility could return depending on oil activity and state investments.
14. Meadow Lakes – 81.1% Home Price Increase Since 2010
- 2010: $200,762
- 2011: $201,280 (+$518, +0.26% from previous year)
- 2012: $205,045 (+$3,766, +1.87% from previous year)
- 2013: $210,281 (+$5,236, +2.55% from previous year)
- 2014: $214,059 (+$3,779, +1.80% from previous year)
- 2015: $226,340 (+$12,281, +5.74% from previous year)
- 2016: $235,288 (+$8,947, +3.95% from previous year)
- 2017: $240,947 (+$5,659, +2.41% from previous year)
- 2018: $245,878 (+$4,931, +2.05% from previous year)
- 2019: $265,130 (+$19,252, +7.83% from previous year)
- 2020: N/A
- 2021: $301,894 (+$36,765, +13.87% from previous year)
- 2022: $330,403 (+$28,509, +9.44% from previous year)
- 2023: $341,209 (+$10,805, +3.27% from previous year)
- 2024: $354,488 (+$13,279, +3.89% from previous year)
- 2025: $363,373 (+$8,885, +2.51% from previous year)
Meadow Lakes has experienced a strong and steady rise in home prices, gaining over 81% since 2010. The town saw its largest increases during the 2020s, with notable spikes in 2021 and 2022. Even in recent years, growth has continued at a healthy pace.
Meadow Lakes – Suburban Growth in the Mat-Su Valley
Located just west of Wasilla, Meadow Lakes is part of the expanding Mat-Su Borough, one of Alaska’s fastest-growing regions. With open space and relatively lower prices than Anchorage, it attracts families and workers commuting to city jobs.
The steady increases in home values reflect the area’s desirability as a bedroom community with room to grow. As infrastructure and development expand, Meadow Lakes continues to climb the price rankings year after year.
13. Homer – 67.3% Home Price Increase Since 2010
- 2010: $226,687
- 2011: $228,690 (+$2,003, +0.88% from previous year)
- 2012: $229,503 (+$813, +0.36% from previous year)
- 2013: $235,433 (+$5,930, +2.58% from previous year)
- 2014: $238,412 (+$2,979, +1.27% from previous year)
- 2015: $246,527 (+$8,115, +3.40% from previous year)
- 2016: $255,997 (+$9,470, +3.84% from previous year)
- 2017: $256,856 (+$859, +0.34% from previous year)
- 2018: $267,564 (+$10,708, +4.17% from previous year)
- 2019: $286,206 (+$18,643, +6.97% from previous year)
- 2020: N/A
- 2021: $328,639 (+$42,433, +14.83% from previous year)
- 2022: $364,810 (+$36,171, +11.01% from previous year)
- 2023: $364,826 (+$16, +0.00% from previous year)
- 2024: $370,268 (+$5,442, +1.49% from previous year)
- 2025: $379,488 (+$9,220, +2.49% from previous year)
Homer’s home prices have climbed 67.3% since 2010, led by major gains in 2021 and 2022. Prices have since leveled off but continued rising incrementally, showing the town’s sustained appeal as a coastal destination.
Homer – Coastal Arts and Fishing Capital
Located at the end of the Sterling Highway, Homer is beloved for its creative culture, commercial fishing industry, and panoramic views of Kachemak Bay. Its quirky charm and lifestyle amenities make it a magnet for retirees, remote workers, and seasonal residents.
The recent run-up in prices reflects limited housing availability and increasing interest from outside buyers. With its small population and cultural richness, Homer remains one of Alaska’s most desirable and expensive small towns.
12. Ketchikan – 68.6% Home Price Increase Since 2010
- 2010: $231,910
- 2011: $232,015 (+$106, +0.05% from previous year)
- 2012: $230,862 (–$1,153, –0.50% from previous year)
- 2013: $245,558 (+$14,696, +6.37% from previous year)
- 2014: $251,561 (+$6,003, +2.44% from previous year)
- 2015: $264,573 (+$13,012, +5.17% from previous year)
- 2016: $274,221 (+$9,648, +3.65% from previous year)
- 2017: $285,063 (+$10,842, +3.95% from previous year)
- 2018: $298,662 (+$13,598, +4.77% from previous year)
- 2019: $314,935 (+$16,273, +5.45% from previous year)
- 2020: N/A
- 2021: $351,531 (+$36,596, +11.62% from previous year)
- 2022: $377,366 (+$25,835, +7.35% from previous year)
- 2023: $386,097 (+$8,731, +2.31% from previous year)
- 2024: $381,698 (–$4,399, –1.14% from previous year)
- 2025: $391,118 (+$9,421, +2.47% from previous year)
Ketchikan has posted a strong 68.6% increase in home values since 2010. The town has had only one down year recently—in 2024—but otherwise has seen mostly steady gains thanks to rising demand and limited land.
Ketchikan – Island Living With Steady Gains
Diego Delso, CC BY-SA 4.0, via Wikimedia Commons
As the southern gateway to Alaska’s Inside Passage, Ketchikan is a key port for cruise ships and commercial fishing. Its tight geography on Revillagigedo Island means buildable space is limited, keeping housing prices high.
Recent infrastructure upgrades and continued tourism have helped push prices upward. With no road access to the mainland, demand for real estate here remains strong, especially among those drawn to waterfront living and remote charm.
11. Cordova – 5.1% Home Price Increase Since 2022
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: N/A
- 2017: N/A
- 2018: N/A
- 2019: N/A
- 2020: N/A
- 2021: N/A
- 2022: $372,542
- 2023: $347,644 (–$24,898, –6.68% from previous year)
- 2024: $345,299 (–$2,345, –0.67% from previous year)
- 2025: $391,690 (+$46,391, +13.44% from previous year)
Though recent data is limited, Cordova’s home prices have increased just over 5% since 2022. After consecutive declines in 2023 and 2024, a major rebound in 2025 pushed prices to new highs.
Cordova – Fishing Port With Housing Shifts
Cordova lies off the road system, accessible only by boat or plane, and functions as a critical commercial fishing center on Prince William Sound. Its isolation both limits and stabilizes the housing market, which sees modest movement punctuated by sharp swings.
The 2025 surge suggests renewed interest in this remote but self-sufficient town. With fishing revenues recovering and remote work more viable, Cordova’s housing market may continue to strengthen in the years ahead.
10. Anchorage – 45.6% Home Price Increase Since 2010
- 2010: $271,446
- 2011: $266,538 (–$4,907, –1.81% from previous year)
- 2012: $268,995 (+$2,457, +0.92% from previous year)
- 2013: $281,842 (+$12,847, +4.78% from previous year)
- 2014: $290,042 (+$8,200, +2.91% from previous year)
- 2015: $300,686 (+$10,644, +3.67% from previous year)
- 2016: $311,315 (+$10,629, +3.54% from previous year)
- 2017: $309,623 (–$1,693, –0.54% from previous year)
- 2018: $313,437 (+$3,815, +1.23% from previous year)
- 2019: $329,637 (+$16,200, +5.17% from previous year)
- 2020: N/A
- 2021: $338,276 (+$8,639, +2.62% from previous year)
- 2022: $363,201 (+$24,925, +7.37% from previous year)
- 2023: $373,430 (+$10,229, +2.82% from previous year)
- 2024: $383,911 (+$10,481, +2.81% from previous year)
- 2025: $395,421 (+$11,510, +3.00% from previous year)
Anchorage, Alaska’s largest city, has seen a 45.6% increase in home prices since 2010. While growth has been steady, it hasn’t been dramatic. Most of the increases came post-2019, with modest but consistent gains each year through 2025.
Anchorage – Alaska’s Urban Center With Reliable Growth
Anchorage is home to over 280,000 residents—roughly 40% of the state’s population—and serves as the cultural and economic hub of Alaska. Its housing market reflects that urban character: stable, competitive, and less volatile than smaller towns.
With access to jobs, healthcare, education, and recreation, Anchorage continues to draw new residents and maintain housing demand. Though not the most explosive market, its consistent gains make it a cornerstone of the state’s real estate landscape.
9. Wasilla – 70.0% Home Price Increase Since 2010
- 2010: $235,354
- 2011: $234,855 (–$498, –0.21% from previous year)
- 2012: $236,492 (+$1,636, +0.70% from previous year)
- 2013: $239,770 (+$3,279, +1.39% from previous year)
- 2014: $243,628 (+$3,857, +1.61% from previous year)
- 2015: $257,163 (+$13,535, +5.56% from previous year)
- 2016: $268,882 (+$11,719, +4.56% from previous year)
- 2017: $271,578 (+$2,695, +1.00% from previous year)
- 2018: $273,271 (+$1,693, +0.62% from previous year)
- 2019: $293,369 (+$20,098, +7.35% from previous year)
- 2020: N/A
- 2021: $327,670 (+$34,301, +11.69% from previous year)
- 2022: $362,713 (+$35,043, +10.69% from previous year)
- 2023: $373,245 (+$10,532, +2.90% from previous year)
- 2024: $385,814 (+$12,569, +3.37% from previous year)
- 2025: $400,144 (+$14,331, +3.71% from previous year)
Wasilla’s home values have risen by 70% since 2010, with big jumps in 2021 and 2022. The city continues to attract buyers looking for a blend of affordability and space within commuting distance of Anchorage.
Wasilla – Rapid Expansion in the Mat-Su Valley
Located about 45 miles northeast of Anchorage, Wasilla has grown into one of Alaska’s most important suburbs. The Mat-Su Valley’s flat land and highway access make it ideal for residential development, and demand has followed suit.
Strong population growth, a younger demographic, and relatively affordable homes contribute to Wasilla’s consistent housing price increases. It’s one of the most dynamic markets in the state and shows no signs of slowing down.
8. Palmer – 72.4% Home Price Increase Since 2010
- 2010: $233,306
- 2011: $234,488 (+$1,182, +0.51% from previous year)
- 2012: $234,818 (+$330, +0.14% from previous year)
- 2013: $238,671 (+$3,853, +1.64% from previous year)
- 2014: $244,104 (+$5,433, +2.28% from previous year)
- 2015: $258,283 (+$14,179, +5.81% from previous year)
- 2016: $269,254 (+$10,972, +4.25% from previous year)
- 2017: $273,728 (+$4,474, +1.66% from previous year)
- 2018: $274,538 (+$810, +0.30% from previous year)
- 2019: $293,349 (+$18,811, +6.85% from previous year)
- 2020: N/A
- 2021: $333,279 (+$39,930, +13.61% from previous year)
- 2022: $363,449 (+$30,170, +9.05% from previous year)
- 2023: $376,543 (+$13,094, +3.60% from previous year)
- 2024: $390,903 (+$14,360, +3.81% from previous year)
- 2025: $402,330 (+$11,427, +2.92% from previous year)
Palmer has recorded a 72.4% rise in home prices since 2010, marking it as one of the fastest-appreciating communities in the state. The biggest gains came in 2021 and 2022, but the market has remained on a consistent upward path since.
Palmer – Farming Roots, Rising Prices
Palmer is known for its agricultural history and the Alaska State Fair, but it’s also part of the broader Mat-Su residential boom. Its wide valleys and scenic setting make it attractive to both families and retirees looking for space with access to services.
Thanks to strong infrastructure and sustained demand, Palmer’s market has matured into one of Alaska’s most resilient. Prices reflect both the town’s popularity and its increasingly limited housing supply.
7. Kodiak – 75.2% Home Price Increase Since 2010
- 2010: $253,865
- 2011: $274,123 (+$20,258, +7.98% from previous year)
- 2012: $279,840 (+$5,716, +2.09% from previous year)
- 2013: $296,242 (+$16,402, +5.86% from previous year)
- 2014: $306,740 (+$10,498, +3.54% from previous year)
- 2015: $309,679 (+$2,939, +0.96% from previous year)
- 2016: $318,255 (+$8,577, +2.77% from previous year)
- 2017: $321,128 (+$2,873, +0.90% from previous year)
- 2018: $332,017 (+$10,889, +3.39% from previous year)
- 2019: $366,960 (+$34,942, +10.52% from previous year)
- 2020: N/A
- 2021: $408,367 (+$41,407, +11.28% from previous year)
- 2022: $447,319 (+$38,951, +9.54% from previous year)
- 2023: $442,052 (–$5,267, –1.18% from previous year)
- 2024: $414,111 (–$27,941, –6.32% from previous year)
- 2025: $444,935 (+$30,824, +7.44% from previous year)
Kodiak’s housing market has risen over 75% since 2010, with major gains from 2019 through 2022. Prices dipped in 2023 and 2024 but rebounded strongly in 2025, suggesting continued market resilience.
Kodiak – Island Economy With Surging Prices
Home to Alaska’s largest Coast Guard base and a vibrant commercial fishing industry, Kodiak blends rugged isolation with economic activity. The island’s limited land supply and shipping logistics help drive up housing costs.
The recent rebound after a dip signals renewed interest or investment in the area. As a hub for both government and maritime sectors, Kodiak remains a stronghold in the Alaskan housing landscape.
6. Cooper Landing – 91.5% Home Price Increase Since 2012
- 2010: N/A
- 2011: N/A
- 2012: $241,403
- 2013: $248,007 (+$6,604, +2.74% from previous year)
- 2014: $260,193 (+$12,186, +4.91% from previous year)
- 2015: $271,120 (+$10,928, +4.20% from previous year)
- 2016: $274,163 (+$3,043, +1.12% from previous year)
- 2017: $307,154 (+$32,990, +12.03% from previous year)
- 2018: $306,653 (–$501, –0.16% from previous year)
- 2019: $312,802 (+$6,149, +2.01% from previous year)
- 2020: N/A
- 2021: $353,050 (+$40,248, +12.87% from previous year)
- 2022: $398,479 (+$45,429, +12.87% from previous year)
- 2023: $395,098 (–$3,380, –0.85% from previous year)
- 2024: $418,152 (+$23,053, +5.83% from previous year)
- 2025: $462,398 (+$44,247, +10.58% from previous year)
Cooper Landing’s home prices have surged by over 91% since 2012, with the strongest gains recorded in 2021, 2022, and again in 2025. Despite a tiny dip in 2018 and 2023, the overall trend has been sharply upward—reflecting growing demand in one of Alaska’s most picturesque river towns.
Cooper Landing – Stunning Scenery and Soaring Values
Situated along the turquoise waters of the Kenai River and flanked by the Chugach Mountains, Cooper Landing is a dream for anglers, hikers, and outdoor enthusiasts. It’s also a popular stop on the drive between Anchorage and the Kenai Peninsula, which makes its limited real estate extremely valuable.
With very few homes on the market at any time, and high interest from seasonal residents and vacation home buyers, prices here continue to escalate. As demand for waterfront access and rural luxury grows, Cooper Landing has firmly established itself among Alaska’s most premium real estate markets.
5. Eagle River – 31.3% Home Price Increase Since 2016
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $355,108
- 2017: $353,360 (–$1,747, –0.49% from previous year)
- 2018: $354,837 (+$1,477, +0.42% from previous year)
- 2019: N/A
- 2020: N/A
- 2021: $399,422 (+$44,585, +12.56% from previous year)
- 2022: $428,154 (+$28,732, +7.19% from previous year)
- 2023: $436,600 (+$8,446, +1.97% from previous year)
- 2024: $451,115 (+$14,515, +3.32% from previous year)
- 2025: $466,502 (+$15,387, +3.41% from previous year)
Eagle River’s housing prices have climbed 31.3% since 2016, with significant jumps in 2021 and 2022. Growth has remained steady in the years since, driven by consistent demand for suburban living near Anchorage.
Eagle River – Suburban Comfort With City Access
Technically part of Anchorage but with its own distinct community vibe, Eagle River offers a family-friendly atmosphere with proximity to both nature and downtown amenities. It’s especially popular among military families stationed at nearby Joint Base Elmendorf-Richardson.
Its strong school system, mountain views, and relatively newer housing stock continue to attract buyers. While not as remote as other high-priced areas on this list, Eagle River combines accessibility and exclusivity—making it one of Southcentral Alaska’s hottest spots.
4. Kachemak City – 70.8% Home Price Increase Since 2010
- 2010: $273,308
- 2011: $274,811 (+$1,503, +0.55% from previous year)
- 2012: $275,796 (+$986, +0.36% from previous year)
- 2013: $275,690 (–$107, –0.04% from previous year)
- 2014: $280,227 (+$4,537, +1.65% from previous year)
- 2015: $283,978 (+$3,752, +1.34% from previous year)
- 2016: $298,891 (+$14,913, +5.25% from previous year)
- 2017: $305,098 (+$6,207, +2.08% from previous year)
- 2018: $321,140 (+$16,042, +5.26% from previous year)
- 2019: $344,301 (+$23,161, +7.21% from previous year)
- 2020: N/A
- 2021: $397,128 (+$52,827, +15.34% from previous year)
- 2022: $445,948 (+$48,820, +12.29% from previous year)
- 2023: $443,168 (–$2,780, –0.62% from previous year)
- 2024: $447,300 (+$4,133, +0.93% from previous year)
- 2025: $466,855 (+$19,555, +4.37% from previous year)
Kachemak City has seen home values rise by nearly 71% since 2010. The most dramatic gains came between 2020 and 2022, driven by surging demand for homes near the Homer Spit and coastal access without the price tag of neighboring Homer itself.
Kachemak City – Privacy and Prestige on Kachemak Bay
Just east of Homer, Kachemak City offers a more rural and secluded version of coastal Alaskan living. With expansive views of Kachemak Bay and access to Homer amenities, it’s become a sought-after location for retirees and affluent buyers wanting space and scenery.
Limited development and high demand have kept prices climbing. While price corrections happen in quieter years, overall value appreciation shows no signs of slowing in this tiny but expensive market.
3. Juneau – 59.4% Home Price Increase Since 2010
- 2010: $297,217
- 2011: $299,177 (+$1,959, +0.66% from previous year)
- 2012: $301,975 (+$2,799, +0.94% from previous year)
- 2013: $324,584 (+$22,608, +7.49% from previous year)
- 2014: $335,501 (+$10,918, +3.36% from previous year)
- 2015: $350,701 (+$15,200, +4.53% from previous year)
- 2016: $364,343 (+$13,642, +3.89% from previous year)
- 2017: $372,210 (+$7,867, +2.16% from previous year)
- 2018: $384,170 (+$11,960, +3.21% from previous year)
- 2019: $385,887 (+$1,718, +0.45% from previous year)
- 2020: N/A
- 2021: $410,847 (+$24,959, +6.47% from previous year)
- 2022: $446,644 (+$35,797, +8.71% from previous year)
- 2023: $445,266 (–$1,378, –0.31% from previous year)
- 2024: $463,067 (+$17,801, +4.00% from previous year)
- 2025: $474,016 (+$10,949, +2.36% from previous year)
Juneau, the state capital, has posted a 59.4% increase in home prices since 2010. The market here has remained strong thanks to high employment stability, government presence, and limited geographic space for expansion.
Juneau – Political Hub With Waterfront Real Estate
Only reachable by air or sea, Juneau is hemmed in by mountains and water, which restricts buildable land and keeps property values high. As the seat of government and a regional economic center, it draws residents from around Southeast Alaska.
Tourism, fishing, and legislative activity fuel local income—and housing prices. Demand continues to outpace inventory, maintaining Juneau’s spot among the priciest markets in the state.
2. Chugiak – 36.9% Home Price Increase Since 2016
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $359,766
- 2017: $361,163 (+$1,397, +0.39% from previous year)
- 2018: $363,975 (+$2,811, +0.78% from previous year)
- 2019: $393,434 (+$29,459, +8.09% from previous year)
- 2020: N/A
- 2021: $415,017 (+$21,583, +5.49% from previous year)
- 2022: $441,560 (+$26,543, +6.40% from previous year)
- 2023: $454,621 (+$13,061, +2.96% from previous year)
- 2024: $466,729 (+$12,108, +2.66% from previous year)
- 2025: $492,327 (+$25,598, +5.48% from previous year)
Since 2016, home prices in Chugiak have jumped nearly 37%. The strongest increases occurred between 2019 and 2022, though recent years have shown a return to moderate, sustained appreciation.
Chugiak – Mountain Views Just North of Anchorage
Chugiak is a quiet, semi-rural suburb of Anchorage that offers larger lots, mountain views, and a slower pace of life. Its location just north of Eagle River makes it ideal for those seeking space while staying connected to city infrastructure.
Limited housing stock, desirable schools, and access to parks and trails keep pressure on prices. Chugiak’s mix of rustic setting and suburban ease secures its place high on Alaska’s real estate charts.
1. Sitka – 15.3% Home Price Increase Since 2016
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $439,637
- 2017: $439,255 (–$382, –0.09% from previous year)
- 2018: $455,912 (+$16,657, +3.79% from previous year)
- 2019: $453,886 (–$2,026, –0.44% from previous year)
- 2020: N/A
- 2021: $521,950 (+$68,065, +15.00% from previous year)
- 2022: $552,664 (+$30,713, +5.88% from previous year)
- 2023: $503,426 (–$49,238, –8.91% from previous year)
- 2024: $453,021 (–$50,405, –10.01% from previous year)
- 2025: $506,839 (+$53,818, +11.88% from previous year)
Sitka tops the list in 2025 with the highest home value, despite recent volatility. Prices have increased 15.3% since 2016, and a massive rebound in 2025 pushed Sitka back above $500,000—making it the most expensive town in Alaska this year.
Sitka – Exclusive Island Living With a Big Price Tag
Located on Baranof Island in the Alexander Archipelago, Sitka is renowned for its Russian heritage, dramatic landscapes, and relative isolation. Only accessible by boat or plane, the town combines small-community intimacy with cultural richness.
Its limited inventory and island geography make Sitka’s housing market uniquely expensive. The sharp increases in 2021 and 2025 reflect renewed demand for secluded, high-quality living—solidifying its place at the top of Alaska’s real estate rankings.
