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Alaska Real Estate Market Trends 2026

378000

Median Price
Vacancy Rate %

8.5

Population

733583

Population Growth %

-0.4

Home Price YoY % Change

1.5

Average Cap Rate %

5.5

Rent Yoy % Growth

2

Median Rent

1150

Market Overview

Alaska's real estate market in 2026 features a median home price of $378,000, reflecting a +1.5% year-over-year change. The rental market shows stabilizing rents with a median one-bedroom at $1,150/month and two-bedroom at $1,380/month (+2% YoY). With a population of 0.7M that is experiencing population decline, Alaska represents a mid-range market with steady rental demand. The vacancy rate of 8.5% is above the national average (national: 7.2%). Top investment cities include Anchorage, Fairbanks, Juneau, Wasilla, Sitka. Alaska is considered neutral in terms of rental regulations.

Top Investment Cities

Anchorage, Fairbanks, Juneau, Wasilla, Sitka

Investment Outlook

Alaska's market offers an average cap rate of 5.5%, typical of mid-range markets. Investors should focus on value-add opportunities and neighborhoods with above-average rental demand. The moderate rental demand in Anchorage and Fairbanks provides the strongest opportunity for consistent occupancy and rent growth.

Key Takeaways for 2026

Median home price: $378,000 (+1.5% YoY)
Average rent: $1150-$1380/mo
Cap rate: 5.5%
Vacancy: 8.5%
Population growth: -0.4%
Demand: Moderate
Regulation: Neutral

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