Department of Numbers

Anchorage, Alaska Home Affordability

The data below measures home affordability for the Anchorage, Alaska metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Anchorage home affordability to other cities.

Anchorage, Alaska Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Anchorage HPI series. Median household income data for Anchorage is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Anchorage, Alaska Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 133.8
September 2011 133.4
June 2011 133.0
March 2011 132.5
December 2010 133.3
September 2010 132.5
June 2010 131.7
March 2010 131.2
December 2009 130.8

Anchorage, Alaska Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Anchorage median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Anchorage, Alaska Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 130.4
September 2011 130.0
June 2011 129.6
March 2011 129.2
December 2010 130.0
September 2010 129.2
June 2010 128.3
March 2010 127.9
December 2009 123.5

Anchorage, Alaska Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Anchorage, Alaska and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Anchorage, Alaska Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $378,002
December 2011 $376,174
November 2011 $374,812
October 2011 $371,214
September 2011 $369,435
August 2011 $362,443
July 2011 $350,674
June 2011 $352,320
May 2011 $347,013
April 2011 $339,081
March 2011 $339,081
February 2011 $334,835
January 2011 $342,220

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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