Department of Numbers

Anchorage Municipality Alaska Residential Rent and Rental Statistics

The median monthly gross residential rent in Anchorage Municipality AK was $1,291 in 2017 according to the Census ACS survey.1 Average gross rent in Anchorage Municipality was $1,339 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Anchorage Municipality median and average rent data will be released in September of 2019.

Data is also available below for Anchorage Municipality rental vacancy rates, Anchorage Municipality rent as a percent of median income and the fraction of renters in Anchorage Municipality.

Show dollars as: Nominal Real

Real Gross Rent in Anchorage Municipality Alaska (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Alaska Median Gross Rent $1,201 -2.12% -0.83%
Anchorage Municipality AK Median Gross Rent $1,291 -1.90% +0.78%

Anchorage Municipality AK Real Gross Rent Trends

Median gross rent for Anchorage Municipality peaked in real terms in 2016 at $1,316 and is now $25 (1.90%) lower. Average gross rent for Anchorage Municipality peaked in real terms in 2016 at $1,368 and is now $29 (2.12%) lower.

Real Gross Rent: Anchorage Municipality AK Median, Anchorage Municipality AK Average, Alaska Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Anchorage Municipality

Date US
Median
Alaska
Median
Anchorage Municipality AK
Median
Anchorage Municipality AK
Average
2017 $1,012 $1,201 $1,291 $1,339
2016 $996 $1,227 $1,316 $1,368
2015 $987 $1,197 $1,277 $1,307
2014 $956 $1,211 $1,281 $1,356
2013 $924 $1,141 $1,192 $1,245
2012 $912 $1,156 $1,222 $1,270
2011 $912 $1,099 $1,123 $1,152
2010 $927 $1,063 $1,078 $1,112
2009 $931 $1,113 $1,194 $1,247
2008 $947 $1,090 $1,128 $1,175
2007 $899 $1,046 $1,110 $1,164
2006 $909 $1,052 $1,098 $1,111

Anchorage Municipality Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Anchorage Municipality Alaska was 6.86% according to Census ACS data.

Rental Vacancy Rate in Anchorage Municipality Alaska

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alaska 8.12% +2.31% +2.23%
Anchorage Municipality AK 6.86% +1.88% +1.68%

Trends in Anchorage Municipality AK Rental Vacancy Rate

At 6.86%, Anchorage Municipality residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Anchorage Municipality AK, Alaska, US

Rental vacancy rate in Alaska

Historical Rental Vacancy Rate data for Anchorage Municipality

Date US Alaska Anchorage Municipality AK
2017 6.18% 8.12% 6.86%
2016 5.89% 5.81% 4.98%
2015 5.85% 5.74% 4.51%
2014 6.32% 5.89% 5.18%
2013 6.49% 7.74% 5.06%
2012 6.77% 5.62% 4.41%
2011 7.40% 5.94% 4.20%
2010 8.17% 3.73% 2.65%
2009 8.43% 6.82% 4.88%
2008 7.86% 4.80% 2.68%
2007 7.87% 5.99% 5.60%
2006 7.70% 7.46% 4.86%

Rent as a Fraction of Income

Using median household income data for Anchorage Municipality, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anchorage Municipality, median monthly gross rent as a fraction of median household income was 19.57% in 2017 according to the ACS.

Anchorage Municipality Alaska Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Alaska 19.69% +0.73% -0.14%
Anchorage Municipality AK 19.57% +1.41% -0.10%

Trends in Anchorage Municipality AK Rent as a Fraction of Income

The fraction of median Anchorage Municipality household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.67%. Since then it has fallen by 0.10% to 19.57%.

Fraction of Income towards Rent: Anchorage Municipality AK, Alaska, US

Percent of median household income going towards median monthly gross rent in Anchorage Municipality Alaska

Historical Data for Annual Rent as a Fraction of Income in Anchorage Municipality Alaska

Date US Alaska Anchorage Municipality AK
2017 20.13% 19.69% 19.57%
2016 20.43% 18.96% 18.16%
2015 20.63% 19.03% 18.93%
2014 20.89% 19.83% 19.67%
2013 20.78% 18.56% 17.72%
2012 20.65% 19.85% 19.58%
2011 20.70% 18.56% 17.67%
2010 20.50% 18.23% 16.55%
2009 20.12% 18.05% 17.79%
2008 19.00% 16.63% 15.58%
2007 18.66% 17.12% 17.01%
2006 18.90% 17.84% 17.38%

Renter Fraction in Anchorage Municipality Alaska

You can calculate the renter fraction in Anchorage Municipality in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Anchorage Municipality as a fraction of total Anchorage Municipality households. In 2017 41.49% of households were renters according to Census ACS data.

Anchorage Municipality Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Alaska 36.45% +0.93% -1.06%
Anchorage Municipality AK 41.49% +2.60% -0.09%

Trends in the Anchorage Municipality AK Renter Fraction

The Anchorage Municipality household renter fraction peaked in in 2014 at 41.58% and is now 0.09% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Anchorage Municipality AK, Alaska, US

Fraction of renters in Anchorage Municipality

History of Anchorage Municipality Renter Fraction

Date US Alaska Anchorage Municipality AK
2017 36.13% 36.45% 41.49%
2016 36.88% 35.52% 38.89%
2015 36.97% 36.08% 38.63%
2014 36.90% 37.51% 41.58%
2013 36.50% 36.55% 40.67%
2012 36.09% 36.65% 39.99%
2011 35.42% 36.92% 40.64%
2010 34.65% 36.06% 39.03%
2009 34.13% 34.77% 38.12%
2008 33.36% 35.05% 36.85%
2007 32.80% 36.97% 39.42%
2006 32.73% 35.51% 38.89%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.