www.zillow.com/research/
APRIL2019 Anchorage Metro
National Rents
Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%
Anchorage Metro Rents
Current: $1,753Monthly Change: 0.3%Annual Change: 1.2%
Breakeven Horizon3.4 years
Major Cities - Rents
AnchorageCurrent: $1,817Monthly Change: 0.3%Annual Change: 1.7%Breakeven Horizon: 3.5 years
PalmerCurrent: $1,531Monthly Change: 0.5%Annual Change: -0.6%Breakeven Horizon: 2.6 years
Knik-FairviewCurrent: $1,520Monthly Change: 0.3%Annual Change: -3.7%Breakeven Horizon: 2.6 years
Meadow LakesCurrent: $1,423Monthly Change: 0.4%Annual Change: -1.8%Breakeven Horizon: 2.4 years
WasillaCurrent: $1,444Monthly Change: 0.6%Annual Change: -0.3%Breakeven Horizon: 2.7 years
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZRI Year-over-Year-3.7% -3.6% - -1.8% -1.7% - -0.6% -0.5% - -0.3% 0.7% 0.8% - 0.9% 1.0% - 1.7%
Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Anchorage 1.7%
Tanaina 0.9%
Lakes 0.7%
Wasilla -0.3%
Palmer -0.6%
Bottom:Knik-Fairview -3.7%
Meadow Lakes -1.8%
Palmer -0.6%
Wasilla -0.3%
Lakes 0.7%
Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Mountain View 5.1%
South Addition 5%
Turnagain 4.5%
Russian Jack Park 4%
Sand Lake 3.8%
Bottom:Hillside East -1.7%
Chugiak -1%
Mid-Hillside -1%
Airport Heights -0.7%
Midtown -0.7%
How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The
ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices
are above this number and half are below.
What is the Breakeven Horizon? The Breakeven Horizon in the number of years you
must live in a home before owning the same home becomes more financially advantageous
than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,
it is financially better for you to rent in ’City X’ unless you plan on living there for more
than 5.5 years.
APRIL2019
*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at
www.zillow.com/research/data or by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
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Anchorage 3.5 1,817 1.7 1,750 1.3Knik-Fairview 2.6 1,520 -3.7 0.8Lakes 2.7 1,566 0.7 0.8Meadow Lakes 2.4 1,423 -1.8Palmer 2.6 1,531 -0.6 0.9Tanaina 2.7 1,511 0.9 0.8Wasilla 2.7 1,444 -0.3 0.9
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Sublimity 2.1 1,725 -0.9 1Turner 1.9 1,590 2.6 1.1Woodburn 1.7 1,517 3.8 1.1
Largest Neighborhoods Covered by Zillow
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Abbott Loop 3.1 1,815 2.2 1,650 1.3Airport Heights 3 1,603 -0.7 1.4Bayshore 3.9 2,112 1 1.2Campbell Park 3.3 1,683 2.1 1.3Chugiak 3.5 2,020 -1 1.2Eagle River 4 1,794 2.3 1,950 1.3Eagle River Valley 2,099 0.1 1.3Fairview 2.7 1,408 1.7 1.5Huffman 4 2,396 -0.5 1.2Mountain View 1,441 5.1 1.3
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Northeast 3.2 1,661 1.3 1,600 1.3Old Seward 3.8 2,002 2.3 1.4Rabbit Creek 4.4 2,837 1.5 1.2Russian Jack Park 2.7 1,441 4 1.3Sand Lake 3.3 1,881 3.8 1,740 1.3Scenic Foothills 3.3 1,765 0.9 1.3Spenard 2.9 1,546 0 1.5Taku 3 1,693 0 1.4Turnagain 3.7 1,853 4.5 1.3University Area 3.5 1,777 2.7 1.4
