When searching for affordable housing options in Alaska, you’ll find valuable insights from the Zillow Home Value Index, which provides comprehensive data on housing markets across the United States. The data reveals fascinating patterns in Alaska’s housing landscape, where even the most affordable towns have seen significant price appreciation over the past decade.
You might be surprised to discover that Alaska’s housing market presents a tale of two extremes – while some remote communities offer homes at nearly half the price of their urban counterparts, the growth trajectory shows remarkable resilience even in the most affordable areas. The state’s unique geography and economic factors create micro-markets where small towns like Ninilchik and Salcha provide incredible value compared to larger population centers.
As you explore these 25 communities, you’ll notice an interesting trend: the most affordable towns in 2025 aren’t necessarily the same ones that were most affordable in 2010, 2015, or 2020. This shifting landscape reflects changing economic conditions, development patterns, and population movements across Alaska’s vast territory, giving you valuable perspective on where housing values may continue to evolve in the coming years.
25. Sterling
- 2025 Home Value: $350,810
- 2020 Home Value: $284,544
- 2015 Home Value: $225,614
- 2010 Home Value: $203,910
- Change from 2020-2025: 23.29%
- Change from 2015-2025: 55.49%
- Change from 2010-2025: 72.04%
Located on the Kenai Peninsula, Sterling offers you a blend of rural living with proximity to recreational opportunities. You’ll find that home values in this community have demonstrated remarkable growth over the fifteen-year period, jumping from $203,910 in 2010 to $350,810 in 2025. This represents a substantial 72.04% increase, with acceleration in the market particularly evident after 2015. The area’s appeal has grown consistently, with even the most recent five-year period showing a robust 23.29% appreciation from 2020 to 2025.
24. Diamond Ridge
- 2025 Home Value: $342,908
- 2020 Home Value: $282,804
- 2015 Home Value: $230,162
- 2010 Home Value: $203,282
- Change from 2020-2025: 21.25%
- Change from 2015-2025: 48.99%
- Change from 2010-2025: 68.69%
Nestled near Homer on the Kenai Peninsula, Diamond Ridge provides you with stunning views of Kachemak Bay. You’ll appreciate how property values in this picturesque area have steadily climbed from $203,282 in 2010 to $342,908 in 2025, representing a 68.69% increase over fifteen years. The growth pattern shows consistent appreciation, with nearly half the growth occurring in the last decade. From 2020 to 2025 alone, you witnessed a 21.25% jump in home values, demonstrating the continued desirability of this coastal-adjacent community.
23. Meadow Lakes
- 2025 Home Value: $342,664
- 2020 Home Value: $262,305
- 2015 Home Value: $212,026
- 2010 Home Value: $189,496
- Change from 2020-2025: 30.64%
- Change from 2015-2025: 61.61%
- Change from 2010-2025: 80.83%
Situated in the Matanuska-Susitna Borough near Wasilla, Meadow Lakes offers you a suburban feel with easy access to outdoor recreation. You’ll discover that this community has experienced the most dramatic growth among Alaska’s affordable towns, with home values skyrocketing 80.83% from $189,496 in 2010 to $342,664 in 2025. The market has shown particularly strong momentum in recent years, with a 30.64% increase from 2020 to 2025 alone.
22. Delta Junction
- 2025 Home Value: $329,481
- 2020 Home Value: $252,843
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: 30.31%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
At the junction of the Alaska and Richardson Highways, Delta Junction serves as an important transportation hub in the eastern Interior. You’ll find that this community has seen significant growth in recent years, with home values increasing 30.31% from $252,843 in 2020 to $329,481 in 2025. While historical data from 2010 and 2015 isn’t available for comparison, the substantial five-year growth rate suggests strong demand for housing in this strategic location.
21. Kenai
- 2025 Home Value: $327,810
- 2020 Home Value: $280,259
- 2015 Home Value: $233,556
- 2010 Home Value: $209,790
- Change from 2020-2025: 16.97%
- Change from 2015-2025: 40.36%
- Change from 2010-2025: 56.26%
Positioned at the mouth of the famous Kenai River on the Kenai Peninsula, this coastal community offers you world-class fishing and outdoor recreation. You’ll notice that home values in Kenai have shown steady appreciation, rising from $209,790 in 2010 to $327,810 in 2025, a 56.26% increase. The growth has been consistent across the fifteen-year period, with modest acceleration in the middle years. The most recent five-year window shows a 16.97% increase, indicating continued but moderating growth in this established community known for its salmon runs and natural beauty.
20. Valdez
- 2025 Home Value: $324,567
- 2020 Home Value: No data
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: N/A
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Surrounded by the majestic Chugach Mountains and situated on Prince William Sound, Valdez gives you access to breathtaking scenery and outdoor adventures. You’ll find homes in this coastal community valued at $324,567 in 2025, making it one of Alaska’s more affordable options despite its strategic importance as the terminus of the Trans-Alaska Pipeline. Without historical data for comparison, it’s difficult to track growth patterns, but the current valuation reflects the balance between the town’s remote location and its critical role in Alaska’s energy infrastructure.
19. Haines
- 2025 Home Value: $320,480
- 2020 Home Value: No data
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: N/A
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Nestled between the Chilkat and Chilkoot mountain ranges in Southeast Alaska, Haines offers you a unique blend of coastal living and mountain scenery. You’ll find home values in this artistic community standing at $320,480 in 2025, reflecting its growing appeal as a destination for both tourists and permanent residents. Without historical data points for comparison, it’s challenging to measure growth trends, but the current valuation suggests Haines remains relatively affordable compared to other Southeast Alaska communities like Juneau.
18. Petersburg
- 2025 Home Value: $320,007
- 2020 Home Value: $322,262
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: -0.70%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Located on Mitkof Island in Southeast Alaska’s Inside Passage, Petersburg gives you a front-row seat to the region’s stunning marine environment. You’ll notice something unusual in the data: home values actually decreased slightly from $322,262 in 2020 to $320,007 in 2025, representing a rare 0.70% decline. This makes Petersburg the only town among Alaska’s 25 least expensive to show a decrease in property values during this five-year period.
17. Wrangell
- 2025 Home Value: $310,283
- 2020 Home Value: $263,890
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: 17.58%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Situated on Wrangell Island in Southeast Alaska, this community offers you a rich blend of Tlingit culture and pioneer history. You’ll find that home values have increased from $263,890 in 2020 to $310,283 in 2025, representing a solid 17.58% appreciation over five years. While historical data from 2010 and 2015 isn’t available for comparison, the recent growth trajectory suggests steady demand for housing in this island community.
16. North Pole
- 2025 Home Value: $308,363
- 2020 Home Value: $277,508
- 2015 Home Value: $221,576
- 2010 Home Value: $225,800
- Change from 2020-2025: 11.12%
- Change from 2015-2025: 39.17%
- Change from 2010-2025: 36.56%
Just southeast of Fairbanks, North Pole welcomes you with its year-round Christmas theme and proximity to Interior Alaska’s urban center. You’ll observe that home values dipped slightly from $225,800 in 2010 to $221,576 in 2015, before rebounding strongly to reach $308,363 in 2025. This represents a 36.56% increase over the fifteen-year period, with most growth occurring after 2015. The community’s connection to Fairbanks and nearby military installations helps stabilize the housing market, while its festive identity adds a unique character that appeals to certain buyers. The 11.12% increase from 2020 to 2025 indicates continued moderate growth in recent years.
15. Kasilof
- 2025 Home Value: $299,374
- 2020 Home Value: $253,486
- 2015 Home Value: $195,406
- 2010 Home Value: $180,365
- Change from 2020-2025: 18.10%
- Change from 2015-2025: 53.21%
- Change from 2010-2025: 65.98%
Situated on the Kenai Peninsula along the Sterling Highway, Kasilof provides you with excellent access to the region’s renowned fishing opportunities. You’ll discover that home values have shown impressive growth, climbing from $180,365 in 2010 to $299,374 in 2025, a robust 65.98% increase. The pace of appreciation accelerated notably after 2015, with a particularly strong jump between 2015 and 2020. The most recent five-year period shows an 18.10% increase, indicating sustained demand for housing in this community known for its rural character and proximity to both the Kasilof and Kenai rivers, famous for their salmon runs.
14. Barrow
- 2025 Home Value: $297,676
- 2020 Home Value: $228,330
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: 30.37%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
At the northernmost point of the United States, Barrow (officially known as Utqiagvik) offers you a truly unique Arctic living experience. You’ll note that home values have increased significantly from $228,330 in 2020 to $297,676 in 2025, representing a substantial 30.37% growth in just five years.
13. Saxman
- 2025 Home Value: $290,915
- 2020 Home Value: $257,039
- 2015 Home Value: $210,533
- 2010 Home Value: No data
- Change from 2020-2025: 13.18%
- Change from 2015-2025: 38.18%
- Change from 2010-2025: N/A
Adjacent to Ketchikan in Southeast Alaska, Saxman gives you access to rich Tlingit cultural heritage and magnificent totem poles. You’ll find that home values have grown steadily from $210,533 in 2015 to $290,915 in 2025, representing a 38.18% increase over the decade. The community’s proximity to Ketchikan provides economic opportunities while maintaining its distinct identity as a predominantly Native village. The growth rate of 13.18% from 2020 to 2025 indicates continued steady appreciation in property values, reflecting the balance between its accessible location and limited housing inventory in this small coastal community.
12. Fairbanks
- 2025 Home Value: $288,728
- 2020 Home Value: $262,339
- 2015 Home Value: $214,448
- 2010 Home Value: $215,906
- Change from 2020-2025: 10.06%
- Change from 2015-2025: 34.64%
- Change from 2010-2025: 33.73%
As Alaska’s second-largest city located in the Interior region, Fairbanks offers you urban amenities combined with frontier spirit. You’ll notice that home values remained essentially flat between 2010 and 2015, hovering around $215,000, before beginning a steady climb to reach $288,728 in 2025. This represents a 33.73% increase over the fifteen-year period, with most growth occurring after 2015. The community’s role as a regional hub for education, transportation, and military installations helps maintain housing demand despite the extreme temperature variations throughout the year. The relatively modest 10.06% growth from 2020 to 2025 suggests a stabilizing market in recent years.
11. Moose Pass
- 2025 Home Value: $277,063
- 2020 Home Value: $230,365
- 2015 Home Value: $167,395
- 2010 Home Value: No data
- Change from 2020-2025: 20.27%
- Change from 2015-2025: 65.51%
- Change from 2010-2025: N/A
Tucked between mountains and lakes on the Kenai Peninsula, Moose Pass presents you with quintessential small-town Alaska charm. You’ll discover that home values have risen dramatically from $167,395 in 2015 to $277,063 in 2025, representing an impressive 65.51% increase in just ten years. This substantial growth reflects the community’s appealing location along the Seward Highway, offering convenient access to both Seward and the greater Anchorage area while maintaining a secluded, wilderness feel. The 20.27% increase from 2020 to 2025 indicates continued strong demand for housing in this picturesque mountain community.
10. Clam Gulch
- 2025 Home Value: $268,308
- 2020 Home Value: $237,133
- 2015 Home Value: $191,683
- 2010 Home Value: No data
- Change from 2020-2025: 13.15%
- Change from 2015-2025: 39.97%
- Change from 2010-2025: N/A
Located along the Sterling Highway on the western shore of the Kenai Peninsula, Clam Gulch invites you to enjoy its famous razor clam beaches and coastal lifestyle. You’ll see that home values have increased steadily from $191,683 in 2015 to $268,308 in 2025, representing a solid 39.97% growth over the decade. The community’s recreational opportunities and relatively affordable housing compared to other Kenai Peninsula locations contribute to its appeal. The 13.15% appreciation from 2020 to 2025 shows continued moderate growth in recent years, suggesting sustained interest in this coastal area known for its spectacular Cook Inlet views and abundant wildlife.
9. Seldovia
- 2025 Home Value: $267,892
- 2020 Home Value: $225,140
- 2015 Home Value: $189,300
- 2010 Home Value: No data
- Change from 2020-2025: 18.99%
- Change from 2015-2025: 41.52%
- Change from 2010-2025: N/A
Accessible only by boat or plane across Kachemak Bay from Homer, Seldovia offers you a truly authentic Alaska experience away from the road system. You’ll find that home values have increased from $189,300 in 2015 to $267,892 in 2025, representing a 41.52% appreciation over the decade. This growth reflects the unique appeal of this historic fishing village, which combines relative isolation with stunning natural beauty. The 18.99% increase from 2020 to 2025 indicates continued strong interest in this waterfront community, where limited housing inventory meets the demand from those seeking a more remote lifestyle while maintaining access to Homer’s amenities via a short water taxi ride.
8. Hope
- 2025 Home Value: $265,653
- 2020 Home Value: $208,729
- 2015 Home Value: $166,627
- 2010 Home Value: No data
- Change from 2020-2025: 27.27%
- Change from 2015-2025: 59.43%
- Change from 2010-2025: N/A
Tucked away at the southern end of Turnagain Arm on the Kenai Peninsula, Hope transports you back to Alaska’s gold rush era with its preserved historic character. You’ll notice that home values have risen substantially from $166,627 in 2015 to $265,653 in 2025, representing an impressive 59.43% increase over the decade. This former gold mining town has seen particularly strong growth in recent years, with a 27.27% increase between 2020 and 2025 alone.
7. Anchor Point
- 2025 Home Value: $263,505
- 2020 Home Value: $229,276
- 2015 Home Value: $186,506
- 2010 Home Value: $167,798
- Change from 2020-2025: 14.93%
- Change from 2015-2025: 41.28%
- Change from 2010-2025: 57.04%
Situated at the westernmost point of the North American highway system on the Kenai Peninsula, Anchor Point provides you with exceptional access to outdoor recreation. You’ll find that home values have increased steadily from $167,798 in 2010 to $263,505 in 2025, representing a substantial 57.04% increase over fifteen years. Growth was particularly strong between 2015 and 2020, followed by a solid 14.93% increase in the most recent five-year period.
6. Sutton
- 2025 Home Value: $255,429
- 2020 Home Value: $199,266
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: 28.18%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Located in the Matanuska-Susitna Borough along the Glenn Highway, Sutton offers you a glimpse into Alaska’s coal mining past. You’ll discover that home values have increased significantly from $199,266 in 2020 to $255,429 in 2025, representing a robust 28.18% growth in just five years. This former coal mining community has seen renewed interest as residents seek more affordable alternatives within commuting distance of Palmer, Wasilla, and even Anchorage.
5. Fox River
- 2025 Home Value: $236,966
- 2020 Home Value: $204,464
- 2015 Home Value: $167,811
- 2010 Home Value: No data
- Change from 2020-2025: 15.90%
- Change from 2015-2025: 41.21%
- Change from 2010-2025: N/A
Nestled near Homer on the Kenai Peninsula, Fox River gives you access to stunning natural beauty without the premium price tag. You’ll find that home values have increased steadily from $167,811 in 2015 to $236,966 in 2025, representing a 41.21% appreciation over the decade. The community’s relative affordability compared to nearby Homer, combined with its scenic location, continues to attract interest. The 15.90% growth from 2020 to 2025 indicates ongoing demand for housing in this area, which offers a rural lifestyle within reach of Homer’s amenities and employment opportunities.
4. Talkeetna
- 2025 Home Value: $231,835
- 2020 Home Value: $183,066
- 2015 Home Value: No data
- 2010 Home Value: No data
- Change from 2020-2025: 26.64%
- Change from 2015-2025: N/A
- Change from 2010-2025: N/A
Renowned as the gateway to Denali National Park, Talkeetna welcomes you with its unique blend of frontier character and artistic flair. You’ll notice the significant growth in home values from $183,066 in 2020 to $231,835 in 2025, representing an impressive 26.64% increase in just five years.
3. Willow
- 2025 Home Value: $221,442
- 2020 Home Value: $193,452
- 2015 Home Value: $159,796
- 2010 Home Value: No data
- Change from 2020-2025: 14.47%
- Change from 2015-2025: 38.58%
- Change from 2010-2025: N/A
Positioned along the Parks Highway in the Matanuska-Susitna Borough, Willow offers you the quintessential Alaska experience with its vast wilderness and outdoor recreation opportunities. You’ll discover that home values have grown steadily from $159,796 in 2015 to $221,442 in 2025, representing a 38.58% increase over the decade. The 14.47% growth from 2020 to 2025 indicates continued interest in this area known for its mushing culture and as the official restart location of the Iditarod Trail Sled Dog Race.
2. Salcha
- 2025 Home Value: $213,478
- 2020 Home Value: $193,300
- 2015 Home Value: $149,041
- 2010 Home Value: $157,254
- Change from 2020-2025: 10.44%
- Change from 2015-2025: 43.23%
- Change from 2010-2025: 35.75%
Located southeast of Fairbanks along the Richardson Highway, Salcha provides you with a genuine rural Alaska lifestyle. You’ll find it interesting that home values actually decreased from $157,254 in 2010 to $149,041 in 2015, before rebounding strongly to reach $213,478 in 2025. This creates a unique pattern where the ten-year growth rate (43.23% from 2015 to 2025) exceeds the fifteen-year rate (35.75% from 2010 to 2025). The community’s relative affordability, combined with its proximity to Fairbanks for employment opportunities, makes it an attractive option for those seeking lower housing costs within the Interior region. The modest 10.44% growth from 2020 to 2025 suggests a stabilizing market in recent years.
1. Ninilchik
- 2025 Home Value: $205,431
- 2020 Home Value: $188,974
- 2015 Home Value: $158,775
- 2010 Home Value: No data
- Change from 2020-2025: 8.71%
- Change from 2015-2025: 29.38%
- Change from 2010-2025: N/A
Situated on the Kenai Peninsula along the Sterling Highway, Ninilchik welcomes you with its rich Russian heritage and spectacular views of Cook Inlet. You’ll find that this coastal community offers the most affordable housing in our analysis, with 2025 home values at just $205,431. While still showing healthy appreciation of 29.38% from 2015 to 2025, the growth rate has moderated to 8.71% in the most recent five-year period, the lowest among the communities examined.