Anchorage Alaska Real Estate
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Anchorage, Alaska Real Estate: A Comprehensive Overview
Discover Anchorage
Anchorage, Alaska, situated in Anchorage County, is a vibrant city located 1,434 miles northwest of Seattle, Washington. Home to 260,283 residents, Anchorage offers a diverse range of outdoor activities, including kayaking in Prince William Sound, fly-fishing, skiing, and hiking, complemented by a relatively mild climate.
A Hub of Culture and Commerce
As the transportation, banking, and business center of Alaska, Anchorage boasts a rich history and bustling city life. Iconic structures, such as the 1936 Anchorage City Hall and the 4th Avenue Theatre with its stunning Art Deco design, highlight the city’s architectural charm.
Founded in 1920, Anchorage is relatively young, with even 1950s homes nearing historic status. This dynamic city attracts new residents and travelers alike, drawn by its excellent transportation system, mild weather, and strategic location.
Anchorage Housing Market
The Anchorage real estate market features a total of 94,822 residential properties, including new homes. Most homes were built around 1977, with varied sizes: 4% are one-bedroom, 19% have two bedrooms, 46% have three, 24% have four, and 5% boast five or more bedrooms.
Mortgage and Tax Information
- Mortgage Statistics:
- Homes with no mortgage: 14%
- Homes with a mortgage: 86%
- First mortgage only: 74%
- First & second mortgage or HELOC: 12%
- Real Estate Taxes:
- Median real estate taxes (2000): $2,523
- Median family income (1999): $63,682
Compare these to the national median real estate tax of $1,300 and median family income of $42,000 (1999).
Community and Demographics
Children make up 29.1% of Anchorage’s population, with 75,871 residents under 18. The median age is 32.4 years. Seniors aged 65 and over represent 5.5% of the population.
The city is diverse, with Alaskan Natives comprising 8%, alongside growing Asian and Hispanic communities. Many residents relocated from other U.S. regions, often for employment in the oil industry.
Household statistics:
- 23% are one-person households
- 32% are two-person households
- 18% are three-person households
Work and Transportation
Anchorage has 131,228 workers aged over 16. Of these, 89% drive to work, 2.02% use public transportation, and 2.66% walk. Median housing expenses for homeowners are 20.9% of income.
Crime Rates (2003 per 10,000 residents)
- Violent Crimes: 67
- Robberies: 13.06
- Aggravated Assaults: 43.91
- Property Crimes: 449.74
- Burglaries: 54.48
- Larceny-Thefts: 349.27
- Motor Vehicle Thefts: 45.99
Investing in Anchorage
For those considering investment, Anchorage offers a strategic location with proximity to larger cities like Seattle. It boasts multiple zip codes (99501-99599) and the area code 907. The population is primarily 72.23% White, 5.84% African-American, 5.55% Asian, and 5.69% Hispanic. The median family income in 1999 was $63,682, with 7.18% below the poverty line.
Anchorage provides a unique blend of rich history, cultural diversity, and economic opportunity, making it a compelling choice for homebuyers and investors alike.
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