Mortgage Calculator & Closing Costs: Anchorage, AK
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Anchorage, Alaska.
Median Home Price
$380K
Population
291K
Avg Monthly Rent
$1,450
Property Tax Rate
1.19% *
* Property tax shown is the Alaska state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Anchorage.
Anchorage vs Alaska Median
The median home price in Anchorage is $380,000, which is 9% above the Alaska state median of $350,000.
Mortgage Calculator — Anchorage, AK
Pre-filled with Anchorage median home price and Alaska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $380K home using Alaska's 1.19% tax rate and $1,400/yr insurance.
5% Down
$2,986/mo
Down: $19,000
Loan: $361K
P&I: $2,282
Tax: $377
Insurance: $117
PMI: $211
10% Down
$2,855/mo
Down: $38,000
Loan: $342K
P&I: $2,162
Tax: $377
Insurance: $117
PMI: $200
20% Down (No PMI)
$2,415/mo
Down: $76,000
Loan: $304K
P&I: $1,921
Tax: $377
Insurance: $117
Income needed (28% rule): $104K/year with 20% down, $122K/year with 10% down.
Rent vs Buy in Anchorage
Rent
$1,450/mo
vs
Buy (10% down)
$2,855/mo
Price-to-rent ratio: 21.8 — At a ratio above 20, renting may be more economical in Anchorage for shorter stays. Buying costs $1,405 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Anchorage is $380,000, 9% above the Alaska state median of $350,000. With a population of 291,247, Anchorage is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Alaska average 1.19% annually. This moderate property tax rate means a $380,000 home in Anchorage would carry roughly $377/month in property taxes. Homeowners insurance in Alaska runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Anchorage is $1,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Anchorage presents moderate affordability. The $380K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Anchorage.