Metro area index
Home appreciation in the Anchorage, AK metro area
FHFA HPI® data shows the Anchorage, AK metro area's all-transactions index changed +4.5% over the year to Q2 2026, versus +3.9% for Alaska and +3.0% for the U.S. That ranks 127th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.5%
- 5-year change
- +38.1%
- Since Q1 1995
- +250%
- Metro rank (1 year)
- 127th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Anchorage, AK vs Alaska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Anchorage, AK: 350.3
- Alaska: 339.5
- United States: 391.6
Appreciation by time window
| Window | Metro | AK | U.S. | Gap vs AK | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.5% | +3.9% | +3.0% | +0.6 pts | +1.5 pts |
| 3 years | +15.9% | +14.2% | +12.9% | +1.8 pts | +3.1 pts |
| 5 years | +38.1% | +37.0% | +41.3% | +1.0 pts | −3.2 pts |
| 10 years | +56.4% | +58.0% | +93.3% | −1.6 pts | −36.9 pts |
| Since Q1 1995 | +250% | +239% | +292% | +10.8 pts | −41.3 pts |
3-digit ZIP regions in the Anchorage, AK area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 995 · Anchorage, AK area | AK | +6.2% | +35.9% | +243% | 91% |
| 996 · Wasilla, AK area | AK | +0.1% | +40.3% | +247% | 48% |
Boom, bust, and recovery in Anchorage, AK area
Anchorage, AK area's index peaked in Q2 2007, fell 2.5% to its low in Q2 2012, and regained its peak in Q1 2013, about 5.8 years after the top. Today it sits +71.6% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2007 | Q2 2012 | -2.5% | Q1 2013 (5.8 yrs) | +71.6% |
| AK | Q2 2007 | Q1 2010 | -2.7% | Q4 2012 (5.5 yrs) | +73.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Anchorage, AK area's index has changed +58.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | AK after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.6% | +0.0% | -0.8% |
| 3 years | +9.8% | +5.6% | +4.0% | +2.8% |
| 5 years | +24.0% | +11.3% | +10.5% | +13.9% |
| 10 years | +39.1% | +12.4% | +13.6% | +39.0% |
| Since Q1 1995 | +121% | +58.2% | +53.3% | +76.8% |
If you bought in the Anchorage, AK area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +244% | $1,032,272 |
| Q2 2000 | +191% | $873,732 |
| Q2 2005 | +100% | $601,356 |
| Q2 2010 | +75.7% | $527,114 |
| Q2 2015 | +60.1% | $480,365 |
| Q2 2020 | +48.3% | $444,988 |
| Q2 2021 | +38.1% | $414,236 |
| Q2 2023 | +15.9% | $347,804 |
| Q2 2025 | +4.5% | $313,582 |
Frequently asked questions
- How much have home prices risen in the Anchorage, AK area?
- FHFA HPI® data for the Anchorage, AK metro area shows changes of +4.5% over one year, +38.1% over five years, and +56.4% over ten years to Q2 2026, and +250% since Q1 1995.
- Is the Anchorage, AK area beating the national average?
- Over the past year the metro's index moved +1.5 pts versus the U.S.; over five years the gap is −3.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.