Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

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 2013 138.9
September 2013 137.3
June 2013 136.2
March 2013 135.5
December 2012 133.3
September 2012 132.3
June 2012 131.2
March 2012 131.6

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 2013 118.6
September 2013 117.3
June 2013 116.3
March 2013 115.7
December 2012 113.8
September 2012 113.0
June 2012 112.0
March 2012 112.4

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
February 2014 $361,174
January 2014 $355,667
December 2013 $354,413
November 2013 $362,894
October 2013 $365,935
September 2013 $353,167
August 2013 $354,413
July 2013 $358,193
June 2013 $371,235
May 2013 $396,061
April 2013 $400,519
March 2013 $394,592
February 2013 $396,553

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.