Department of Numbers

Anchorage Alaska Residential Rent and Rental Statistics

The median monthly gross residential rent in Anchorage, AK (the Anchorage metro area) was $1,256 in 2016 according to the Census ACS survey.1 Average gross rent in Anchorage was $1,297 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Anchorage median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Anchorage Alaska (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Alaska Median Gross Rent $1,208 +2.55% +7.57%
Anchorage, AK Median Gross Rent $1,256 +2.45% +8.56%

Anchorage, AK Real Gross Rent Trends

At $1,256, real median gross rent in Anchorage was at its highest level in 2016 since the series began in 2005. Average gross rent for Anchorage peaked in real terms in 2014 at $1,297 and is now $0 (0.00%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Anchorage

Date US
Median
Alaska
Median
Anchorage, AK
Median
Anchorage, AK
Average
2016 $981 $1,208 $1,256 $1,297
2015 $972 $1,178 $1,226 $1,246
2014 $942 $1,193 $1,244 $1,297
2013 $910 $1,123 $1,157 $1,188
2012 $898 $1,138 $1,183 $1,231
2011 $898 $1,082 $1,102 $1,119
2010 $912 $1,047 $1,047 $1,078
2009 $916 $1,096 $1,156 $1,192
2008 $932 $1,073 $1,105 $1,142
2007 $885 $1,030 $1,082 $1,122
2006 $895 $1,035 $1,079 $1,080
2005 $869 $993 $1,032 $1,043

Anchorage Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Anchorage Alaska was 5.45% according to Census ACS data.

Rental Vacancy Rate in Anchorage Alaska

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Alaska 5.81% +0.07% -1.93%
Anchorage, AK 5.45% +0.45% +0.47%

Trends in Anchorage, AK Rental Vacancy Rate

The rental vacancy rate in Anchorage peaked in 2005 at 5.56%. Since then it has fallen by 0.11% to 5.45%. Data records for this series originated in 2005. From a 2008 post peak low of 2.77%, the rental vacancy rate has increased by 2.68%.

Rental Vacancy Rate: Anchorage AK, Alaska, US

Rental vacancy rate in Alaska

Historical Rental Vacancy Rate data for Anchorage

Date US Alaska Anchorage, AK
2016 5.89% 5.81% 5.45%
2015 5.85% 5.74% 5.00%
2014 6.32% 5.89% 5.14%
2013 6.49% 7.74% 4.98%
2012 6.77% 5.62% 4.14%
2011 7.40% 5.94% 4.69%
2010 8.17% 3.73% 3.04%
2009 8.43% 6.82% 5.21%
2008 7.86% 4.80% 2.77%
2007 7.87% 5.99% 5.41%
2006 7.70% 7.46% 5.36%
2005 7.74% 6.87% 5.56%

Rent as a Fraction of Income

Using median household income data for Anchorage, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anchorage, median monthly gross rent as a fraction of median household income was 18.34% in 2016 according to the ACS.

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

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Alaska 18.96% -0.06% +0.41%
Anchorage, AK 18.34% -0.22% +0.37%

Trends in Anchorage, AK Rent as a Fraction of Income

The fraction of median Anchorage household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.57%. Since then it has fallen by 1.23% to 18.34%.

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

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

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

Date US Alaska Anchorage, AK
2016 20.43% 18.96% 18.34%
2015 20.63% 19.03% 18.56%
2014 20.89% 19.83% 19.57%
2013 20.78% 18.56% 17.96%
2012 20.65% 19.85% 19.54%
2011 20.70% 18.56% 17.87%
2010 20.50% 18.23% 16.47%
2009 20.12% 18.05% 17.53%
2008 19.00% 16.63% 15.62%
2007 18.66% 17.12% 17.01%
2006 18.90% 17.84% 17.66%
2005 18.89% 17.75% 17.23%

Renter Fraction in Anchorage Alaska

You can calculate the renter fraction in Anchorage 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 as a fraction of total Anchorage households. In 2016 35.51% of households were renters according to Census ACS data.

Anchorage Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Alaska 35.52% -0.56% -1.03%
Anchorage, AK 35.51% +0.18% -1.42%

Trends in the Anchorage, AK Renter Fraction

The Anchorage household renter fraction peaked in in 2014 at 37.64% and is now 2.13% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Anchorage AK, Alaska, US

Fraction of renters in Anchorage

History of Anchorage Renter Fraction

Date US Alaska Anchorage, AK
2016 36.88% 35.52% 35.51%
2015 36.97% 36.08% 35.33%
2014 36.90% 37.51% 37.64%
2013 36.50% 36.55% 36.93%
2012 36.09% 36.65% 36.45%
2011 35.42% 36.92% 36.92%
2010 34.65% 36.06% 34.78%
2009 34.13% 34.77% 34.50%
2008 33.36% 35.05% 33.89%
2007 32.80% 36.97% 35.90%
2006 32.73% 35.51% 35.64%
2005 33.10% 36.97% 35.53%

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.