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What is the average cost of a home in Anchorage Alaska?

$420,993. The typical home value of homes in Anchorage is $420,993. This value is seasonally adjusted and only includes the middle price tier of homes. Anchorage home values have gone up 18.3% over the past year.

What is the housing market like in Alaska?

According to the Alaska Multiple Listing Services (MLS), the average sales price of a single family home in Anchorage rose 5.9% in 2020 to $397,000. This is following increases of 0.5% and 2.3% in 2019 and 2018, respectively.

How do you qualify for low income housing in Alaska?

FAMILY ELIGIBILITY A family whose income does not exceed 50% of the area median income is eligible to apply with Alaska Housing for a voucher. Specific income limits are set by the U.S. Department of Housing and Urban Development (HUD) and are based on family size and the community in which the rental unit is located.

How much money do you need to live comfortably in Alaska?

Typical Expenses 1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenRequired annual income after taxes$29,933$65,157Annual taxes$4,853$10,563Required annual income before taxes$34,786$75,7207 more rows

How do I get rental assistance in Alaska?

The application is available at www.heatinghelp.alaska.gov, or call 1-800-470-3058. The State must process applications within 45 days.

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Who qualifies for Alaska Housing?

FAMILY ELIGIBILITY A family whose income does not exceed 50% of the area median income is eligible to apply with Alaska Housing for a voucher. Specific income limits are set by the U.S. Department of Housing and Urban Development (HUD) and are based on family size and the community in which the rental unit is located.

Is there a housing shortage in Alaska?

The labor and housing crunch has become an especially urgent issue for many communities in Alaska, intensifying during the pandemic. \u201cThings were bad before, but now we're getting to desperate times,\u201d said Krystal Hoke, a real estate agent and Girdwood resident.

What type of houses do Alaskans live in?

A common misconception that out-of-towners have about Alaska is that everyone lives in an igloo. This couldn't be more wrong. Alaskans have normal houses, just like in the \u201clower 48.\u201d Igloos were once temporary homes made by hunters, but the only time they're really used to day is in emergency situations.

Why are so many houses for sale in Alaska?

A mix of low interest rates, lack of inventory, and more time spent at home has resulted in a real estate boom unlike any other. According to Redfin, a national real estate brokerage, home prices nationwide were up 16.7 percent year-over-year in March.

Where is the biggest housing shortage?

In absolute terms, the epicenter of California's shortage is Greater L.A. (counted as the Los Angeles-Long Beach-Anaheim metro statistical area), where the report cited a shortage of 389,000 units, the most of any metro area in the country.

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