Photo of an Alaskan skyline
Photo of an Alaskan skyline

Alaska Real Estate

Real Estate For Sale In Alaska

  • About

  • History

  • Landmarks

  • Culture

  • Climate Risk

  • Demographics

  • FAQ

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It’s all ‘Ice Road Truckers’ and polar bears in Alaska, isn’t it? Hardly

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What’s All This About Buying Real Estate in Alaska?

The snowy mountains are real enough, but so is one of the hottest real estate markets in the nation. And for the record, the bears are brown. 

 Many people don’t think about buying real estate in Alaska, which is a real pity. It is a lovely state with a lot going for it, something both homeowners and real estate investors have been keeping quiet about for decades. Its tourism industry is booming and – believe it or not – the summers in Alaska are actually quite nice. 

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Things To See And Do In Alaska

Before you buy land in the state of Alaska, you might want to know more about the recreational and tourism amenities your area has to offer. If you’ll be living there, you’ll want to be close to the things you like, and if you’re investing in Alaska real estate, you’ll want to buy in a place that will attract renters, after all. 

 Outdoorspeople might like to be near Mendenhall Glacier, or to see the Hubbard Glacier calving icebergs into Alaska bay. A hiker might want to be near the Alaska rainforest Sanctuary (yes, there are cold jungles). A more ‘indoorsy’ crowd might enjoy spending the day at the University of Alaska museum of the North or at the Fountainhead Antique Auto Museum.

 

A Brief History of Alaska

A Brief History of Alaska

A Brief History of Alaska

Many scientists tell us that North America was first settled by Polynesian-Asian groups crossing the former Bering Land Bridge, or following its coast in boats, so it is no surprise that it is one of the longest-occupied areas in the nation. 

 Alaska was first colonized by Russia in the 18th century, though the Spanish Empire gained a few footholds as well, though neither set of colonies was particularly successful or profitable. The US purchased the land from Russia in 1867, and it wasn’t until the gold rush in the early 20th century that serious numbers of colonists settled in ‘the last frontier’. Alaska only became a state in 1959. 

A Brief History of Alaska

Alaska Demographics

Alaska Demographics

Alaska Demographics

According to the 2020 census, just over 733,000 people live in Alaska, up from barely 710,000 in 2010. As of 2019, there were just under 320,000 individual housing units in the state of Alabama, and nearly 65% of them were owner-occupied. There were 1,420 building permits issued in 2020, and with the population rising steadily it is a great time to buy or rent a condo in Alaska. 

One thing to consider when looking at Alaska real estate is the education and income of the population.Roughly 93% of Alaska residents over the age of 25 have high school diplomas, and around 30% have a Bachelor’s degree or higher. The median household income was $77,790 as of 2020. 

Alaska Demographics

The Climate In Alaska Isn’t What You Probably Think

The Climate In Alaska Isn’t What You Probably Think

The Climate In Alaska Isn’t What You Probably Think

Most of the populated parts of Southern Alaska enjoy a mid-latitude oceanic climate. The main factor that makes the climate unique, though, is how far north the state is. In summer, the sun barely ever leaves the sky. 

 Starting in April, the sun sets at 10 pm, and on June 21 the city of Anchorage gets its famous 19 hour day (and 5 hour night). Most of the Alaska real estate for sale is in the mildest climate zones, where average daytime highs in the summer can reach 80 degrees and the winters are mildest.

The Climate In Alaska Isn’t What You Probably Think

Anchorage, Alaska

Anchorage, Alaska

Anchorage, Alaska

Anchorage is the state’s largest city, so it is a natural place to start if you are buying a house in Alaska. The Anchorage Metropolitan Area claims just under 400,000 people, more than half the population of the state. Still, there is plenty of elbow room. The city of Anchorage is larger than the entire state of Rhode Island.

Living in Anchorage, you’ll have access to cultural institutions like the Alaska Center for the Performing Arts, The Anchorage Concert Association and the Anchorage Folk Festival. You’ll be able to golf, or even go dogsledding. The Alaska Zoo and the Alaska Botanical Garden are both worth seeing as well. 

Anchorage, Alaska

Fairbanks, Alaska

Fairbanks, Alaska

Fairbanks, Alaska

Fairbanks is the 2nd largest city in the state and a prime spot for real estate in Alaska. As of 2020 there were just over 32,000 residents, but the metropolitan area boasts more than 95,000. 

Residents of Fairbanks have access to the Museum of the North. You could take a guided tour of the Running Reindeer Ranch or explore the paddlewheel boat and other exhibits at Pioneer Park. Fairbanks also houses the Aurora Ice Museum, the world’s largest year-round ice environment.

Fairbanks, Alaska

Juneau, Alaska

Juneau, Alaska

Juneau, Alaska

The City and Borough of Juneau is the state’s capital. It is a very large city by area (larger than the state of Delaware), but claims only 32,255 residents. Juneau is a good place to buy real estate in Alaska because it is so uncrowded, and because of its warmer, southerly location. 

 

Juneau residents and visitors can attend a range of folk, music and cultural festivals, enjoy figure skating and hockey at the Treadwell ice rink, attend Alaska’s largest professional theater, or visit the downtown’s art district.  

Juneau, Alaska

A Few Great Reasons To Buy A House In Alaska

A Few Great Reasons To Buy A House In Alaska

A Few Great Reasons To Buy A House In Alaska

Here are just a few of the best reasons to buy real estate in Alaska:

Alaska will pay you to live there. Really. All full-time permanent residents gain shares of the Permanent Fund Dividend Program, which pays out a variable amount, typically between $800 and $1100 per year.   

Real estate is affordable. Both the big cities and the rural countryside offer surprisingly low land prices. The median home price in Anchorage, for example, is less than $300, and that’s the highest

The state’s natural beauty is stunning. Snowy Mountains, the Aleutian Islands, Denali State Park… you can even see the Aurora Borealis on a regular basis. Alaska also offers some of the best hunting and fishing in the world.

Alaska charges no sales tax or income tax. The state of Alaska has the lowest taxes in the US. You’ll still pay property taxes and a few other fees, but by and large you’ll be living tax free. 

 

A Few Great Reasons To Buy A House In Alaska

Is Investing in Alaska Real Estate The Right Move For You?

Is Investing in Alaska Real Estate The Right Move For You?

Is Investing in Alaska Real Estate The Right Move For You?

Alaska is many things, all at once. It can be a rollicking adventure if you really want to live ’out on the frontier.’ You won’t be battling polar bears, but you might struggle to keep grizzlies out of your garbage, which can be just as terrifying. But it can also be a civilized, tailored place of skyscrapers and condos. Alaska offers art, culture, wide open nature, summers with 20 hours of sun and winters as cold as any you’re likely to see in America. If Alaska real estate is anything, it is diverse.

The market for real estate in Alaska is diverse as well. A mobile home in the back of beyond might come free with the land, while a shining condo overlooking downtown Anchorage could easily be in the high six figures. The question is where and how you want to live. 

Is Investing in Alaska Real Estate The Right Move For You?

Mobile homes in Alaska

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Notable Landmarks In Alaska

Notable Landmarks In Alaska

Alaska Climate Risk

299/500

Earthquake risk

High risk

229/500

Wind risk

High risk

134/500

Air pollution risk

High risk

16/500

Total weather risk

Low risk

2/500

Hail risk

Low risk

2/500

Tornado risk

Low risk

Alaska FAQs
Alaska FAQs

Other Real Estate In Alaska

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  • Land in Alaska
  • Condos for sale in Alaska
  • Mobile homes in Alaska

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