Cheapest Neighborhoods In Anchorage, AK To Buy A House

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Like any large city, home prices in Anchorage have continued to increase over the years. Fortunately, there are still some neighborhoods in Anchorage that offer some affordable housing options. These are the cheapest neighborhoods in Anchorage for 2026. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in Anchorage.

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Population 94

Median Home Value $261,044

55% less expensive than Anchorage

Population 8,652

Median Home Value $331,105

42% less expensive than Anchorage

Population 3,786

Median Home Value $407,124

29% less expensive than Anchorage

Russian Jack Park

Population 12,974

Median Home Value $412,096

28% less expensive than Anchorage

Airport Heights

Population 6,902

Median Home Value $429,114

25% less expensive than Anchorage

Population 30,292

Median Home Value $433,846

24% less expensive than Anchorage

Population 11,529

Median Home Value $436,130

24% less expensive than Anchorage

Population 13,336

Median Home Value $454,845

21% less expensive than Anchorage

Scenic Foothills

Population 9,061

Median Home Value $472,830

18% less expensive than Anchorage

Population 5,871

Median Home Value $487,215

15% less expensive than Anchorage

Anchorage neighborhoods

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Best Neighborhoods in Anchorage for Singles

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Best Neighborhoods in Anchorage for Families

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Safest Neighborhoods in Anchorage

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Most Dangerous Neighborhoods in Anchorage

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Most Affordable Neighborhoods in Anchorage

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Most Expensive Neighborhoods in Anchorage

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