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Home appreciation in Alaska
Alaska's FHFA HPI® all-transactions index changed +3.9% over the year to Q2 2026, versus +3.0% nationally, ranking 18th of 51 states and D.C. Below, compare its 5 3-digit ZIP regions and 2 metro areas.
- 1-year change
- +3.9%
- 5-year change
- +37.0%
- Since Q1 1995
- +239%
- State rank (1 year)
- 18th
U.S. +3.0%
37th of 51
U.S. +292%
of 51 states and D.C.
Alaska vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Alaska: 339.5
- United States: 391.6
Alaska appreciation by time window
| Window | AK | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +3.9% | +3.0% | +0.9 pts |
| 3 years | +14.2% | +12.9% | +1.3 pts |
| 5 years | +37.0% | +41.3% | −4.3 pts |
| 10 years | +58.0% | +93.3% | −35.3 pts |
| Since Q1 1995 | +239% | +292% | −52.1 pts |
3-digit ZIP regions in Alaska
Fastest-appreciating ZIP codes in Alaska →Sorted by one-year change. 1 of 5 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 995 · Anchorage, AK area | +6.2% | +35.9% | +50.3% | +243% |
| 2 | 997 · Fairbanks, AK area | +2.8% | +32.5% | +56.8% | +195% |
| 3 | 998 · Juneau, AK area | +0.6% | +38.0% | +65.1% | +240% |
| 4 | 999 · Ketchikan, AK area | +0.6% | +38.0% | +65.1% | +240% |
| 5 | 996 · Wasilla, AK area | +0.1% | +40.3% | +70.6% | +247% |
Metro areas in Alaska
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Anchorage, AK | +4.5% | +38.1% | +250% |
| Fairbanks-College, AK | +2.8% | +32.5% | +195% |
Boom, bust, and recovery in Alaska
Alaska's index peaked in Q2 2007, fell 2.7% to its low in Q1 2010, and regained its peak in Q4 2012, about 5.5 years after the top. Today it sits +73.8% 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 |
|---|---|---|---|---|---|
| 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, Alaska's index has changed +53.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | AK after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | +0.0% | -0.8% |
| 3 years | +9.8% | +4.0% | +2.8% |
| 5 years | +24.0% | +10.5% | +13.9% |
| 10 years | +39.1% | +13.6% | +39.0% |
| Since Q1 1995 | +121% | +53.3% | +76.8% |
If you bought in Alaska in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +233% | $998,915 |
| Q2 2000 | +186% | $857,021 |
| Q2 2005 | +103% | $608,035 |
| Q2 2010 | +77.3% | $531,856 |
| Q2 2015 | +61.8% | $485,345 |
| Q2 2020 | +47.0% | $440,925 |
| Q2 2021 | +37.0% | $411,090 |
| Q2 2023 | +14.2% | $342,464 |
| Q2 2025 | +3.9% | $311,708 |
Frequently asked questions
- How much have home prices gone up in Alaska?
- FHFA HPI® data for Alaska shows the all-transactions index changed +3.9% over the year to Q2 2026, +37.0% over five years, +58.0% over ten years, and +239% since Q1 1995.
- Is Alaska appreciating faster than the national average?
- Over the past year Alaska's index moved +0.9 pts versus the U.S. (+3.0%), ranking 18th of 51 states and D.C. Over five years the gap is −4.3 pts.
- Which ZIP codes in Alaska are appreciating fastest?
- Over the past year the strongest of 5 3-digit ZIP regions in Alaska was ZIP3 995 (Anchorage, AK area) at +6.2%, and the weakest was ZIP3 996 (Wasilla, AK area) at +0.1%. 1 of 5 beat the national one-year change.