Anchorage Municipality Real Estate and Livability Trends
Anchorage Municipality, Alaska has experienced a remarkable rise in average taxable income per tax return, climbing from $72,273.62 in 2013 to $95,165.41 in 2021, alongside increased state and local income taxes. Median home values have also surged from $290,500 in 2015 to $363,800 in 2022, outpacing state and national trends. On the educational front, student-to-teacher ratios peaked at 24... Read more
Anchorage Municipality Market Trends
Median home values in Anchorage Municipality, Alaska have surged from $290,500 in 2015 to $363,800 in 2022, outpacing both state-wide and national growth trends. Over the past nine years, energy tax credits have fluctuated from $372.21 to $2,603.45 before settling at $1,229.29, highlighting shifting incentives. Real estate taxes per return have also risen sharply, from $4,689.38 in 2012 to... Read more
Median Value of Occupied Housing Units in Anchorage Municipality, Alaska Over the Last 8 Years
Median home values in Anchorage Municipality, Alaska have shown a steady increase over the past eight years, climbing from $290,500 in 2015 to $363,800 in 2022. Compared to both the state-wide median values in Alaska, which rose from $250,000 to $318,000 during the same period, and the national trend where values went from $125,500 to $179,400, Anchorage's property market appears particularly strong. For investors and potential homeowners, these figures suggest that Anchorage’s housing market may offer higher returns and greater stability within Alaska and compared to the broader U.S. market.
Residential Energy Tax Credit Per Tax Return in Anchorage Municipality, AK Over the Last 9 Years
Over the past nine years, residents of Anchorage, Alaska, have seen significant fluctuations in their average residential energy tax credit per tax return. Starting from $372.21 in 2013, the tax credit notably increased to $2,603.45 in 2018, before tapering to $1,229.29 in 2021. This variation points to potentially shifting state incentives and economic factors, which are crucial for investors and residents considering energy-efficient home improvements or new builds in the area.
Average Real Estate Taxes Per Tax Return in Anchorage Municipality, AK Over the Last 10 Years
Real estate taxes per tax return in Anchorage Municipality, Alaska, have generally trended upward over the past decade. Starting at $4,689.38 in 2012, they rose significantly to $7,973.82 by 2021. This increase may reflect both rising property values and potential adjustments in tax rates, suggesting that current and future property owners could see higher expenses. This trend could impact decisions around moving, investing, or building in the area, as real estate taxes form a notable part of the cost of living and doing business in Anchorage.
Percentage of Farm Returns in Anchorage Municipality, AK Over the Last 10 Years
Farm tax returns in Anchorage Municipality, Alaska have shown a slight downward trend over the past decade, starting at 0.22% in 2012 and decreasing to 0.17% in 2021. These figures highlight a weakening presence of agricultural activity in the area, which could impact investment decisions and property values. Those looking to invest in land or agricultural ventures might find these decreasing numbers significant, suggesting either a shift in economic focus or challenges faced by local farms.
Number of Mortgages by Occupancy Type in Anchorage Municipality, AK Over the Last 5 Years in Anchorage Municipality
Anchorage Municipality, Alaska, is seeing a notable trend in the mortgage market, particularly concerning occupancy type. There has been a consistent dominance of mortgages for principal residences, peaking at over 22,735 in 2021. In comparison, investment properties and second residences have substantially lower counts, indicating a primary residential focus. This trend could signify stability and long-term investment in the area, making it attractive to new movers, appraisers, and real estate agents looking for steady residential market opportunities. Conversely, the lower numbers for investment properties might suggest limited prospects for rental income or flipping, relevant for potential investors and developers. Understanding these dynamics is crucial for insurance agents and property builders in aligning their offerings with the local demand.
Economic Outlook
Anchorage Municipality, Alaska has seen a significant rise in average taxable income per tax return, jumping from $72,273.62 in 2013 to $95,165.41 in 2021. Concurrently, average state and local income taxes have surged, escalating from $963.89 in 2012 to $2,493.01 in 2021, marked by a sharp increase since 2018. Notably, the average total tax liability per tax return also peaked at $16,541.24 in 2021. Despite economic growth, the poverty rate showed fluctuations, reaching as high as 9.6% in 2019... Read more
Average Taxable Income per Tax Return in Anchorage Municipality, AK over the last 9 years
Anchorage Municipality, AK has seen a steady upward trend in average taxable income per tax return over the past nine years, with significant growth from $72,273.62 in 2013 to $95,165.41 in 2021. This notable increase, particularly in the last two years, suggests robust economic growth and improved earnings power, making it an attractive area for potential new residents seeking economic opportunities.
Average State and Local Income Taxes Per Tax Return in Anchorage Municipality, AK Over the Last 10 Years
Over the last decade, Anchorage Municipality, AK has seen a significant increase in average state and local income taxes per tax return, escalating from $963.89 in 2012 to $2,493.01 in 2021. This steady rise, particularly notable from 2018 onwards, indicates a substantial shift in the local tax landscape, which could impact financial planning for current and prospective residents. The sharp tax progression highlights the importance of accounting for these escalating costs when evaluating the overall affordability of living in Anchorage.
Average Total Tax Liability Per Tax Return in Anchorage Municipality, AK Over the Last 10 Years
The average total tax liability per tax return in Anchorage Municipality, Alaska has shown a notable increase over the past decade, reaching a peak of $16,541.24 in 2021. While there were slight dips, such as in 2018 when it was $13,631.28, the overall upward trend is evident. This financial trend highlights the growing tax obligations for residents, which could impact decisions for potential investors or those looking to relocate to the area. Understanding these tax liabilities is crucial for anyone considering real estate development or long-term living in Anchorage.
Cost of Living in Anchorage Municipality
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,921 | $1,846 | $2,311 | $2,351 | $1,810 |
| 1 adult 4 children | $1,921 | $1,507 | $1,784 | $2,351 | $1,930 |
| 2 adults 3 children | $1,921 | $1,508 | $1,997 | $2,351 | $1,543 |
| 1 adult 3 children | $1,921 | $1,231 | $1,470 | $2,351 | $1,681 |
| 2 adults 2 children | $1,352 | $1,234 | $1,683 | $2,031 | $1,137 |
| 1 adult 2 children | $1,352 | $922 | $1,156 | $2,031 | $1,170 |
| 2 adults 1 child | $1,352 | $976 | $1,368 | $990 | $886 |
| 1 adult 1 child | $1,352 | $630 | $841 | $990 | $797 |
| 2 adults | $1,027 | $784 | $1,054 | $0 | $664 |
| 1 adult | $932 | $427 | $527 | $0 | $543 |
Safety trends & Data
Property crime trends in Anchorage, Alaska over the last five years show fluctuating rates. Incidences of larceny-theft and motor vehicle theft have generally decreased, with larceny-theft arrests dropping from 1,204 in 2018 to 626 in 2022 and motor vehicle thefts from 491 to 200 in the same period. However, vandalism remains a concern, barely decreasing from 655 arrests in 2018 to 604 in 2022. This mix of reduced theft but persistent vandalism could influence decisions for both investors and... Read more
Property Crime Trends in Anchorage Municipality, AK Over the Last 5 Years
Property crime trends in Anchorage, Alaska over the last five years reveal fluctuating rates across various categories. Notably, incidences of larceny-theft and motor vehicle theft have generally decreased. For instance, larceny-theft arrests fell from 1,204 in 2018 to 626 in 2022, while motor vehicle thefts declined from 491 in 2018 to 200 in 2022. Alarming, though, is the consistent presence of vandalism, which remained relatively high with 655 arrests in 2018 and 604 in 2022. These numbers may signal a mixed bag for investors and residents, with reduced theft but persistent vandalism needing attention.
Demographics
The demographic trends in Anchorage Municipality, Alaska, reflect a diverse and balanced population. With a nearly even split between males and females, the adult population is slightly male-dominant. Education levels show a high percentage of residents holding at least a high school diploma, with significant numbers achieving bachelor's and graduate degrees, which could indicate a well-educated community. Age-wise, the highest concentration is in the 25 to 34 years range, hinting at a robust... Read more
Race Distribution in Anchorage Municipality, Alaska (2022)
Educational Attainment in Anchorage Municipality, Alaska (2022)
Age Distribution in Anchorage Municipality, Alaska
Citizen Population in Anchorage Municipality, Alaska (2022)
Political Trends & Data
Anchorage, Alaska, may have shown a Democratic leaning in the 2020 U.S. Presidential Election, with around 65% of votes perhaps favoring the Democratic candidate. Republicans could be trailing with roughly 32%, while Libertarians and Greens seem to have minimal impact at about 2% and less than 1%, respectively. This could suggest Anchorage as a crucial area for Democrats, influencing future political maneuvering in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Anchorage, Alaska, may reflect a Democratic leaning in the 2020 U.S. Presidential Election, with around 65% of votes potentially favoring the Democratic candidate. Republicans could be trailing with roughly 32%, while Libertarians and Greens seem to have minimal impact at about 2% and less than 1%, respectively. This might suggest Anchorage as a key area where Democrats could hold significant influence, potentially shaping future political strategies in the state.
31.79% of voters voted for the Republican party in the 2020 Presidential Election
65.11% of voters voted for the Democrat party in the 2020 Presidential Election
2.04% of voters voted for the Livertarian party in the 2020 Presidential Election
0.71% of voters voted for the Green party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Anchorage Municipality, Alaska has seen student-to-teacher ratios peak at 24 students per teacher in 2020, well above the national average of 14. For those eyeing property investments, relocations, or new builds, this could hint at larger class sizes and overstretched education resources, potentially influencing educational quality and property values. Real estate professionals may need to factor this into home pricing, as parents are likely to prioritize educational quality. Insurance agents... Read more
Student-to-teacher ratio in Anchorage Municipality, Alaska over the last 10 years
Anchorage Municipality, Alaska has experienced significant fluctuations in its student-to-teacher ratio over the past decade, peaking at 24 students per teacher in 2020, which is notably higher than the current national average of 14 students per teacher. For those looking to invest in property, move, or build in the area, this elevated ratio might suggest larger class sizes and potentially overextended education resources, which could impact educational quality and, consequently, property values. Real estate agents and appraisers might need to consider these factors when pricing homes, as parents might weigh educational quality heavily in their decision-making process. Insurance agents, too, might find this data pertinent when assessing risks tied to community infrastructure.
