{"id":86426,"date":"2025-05-05T09:31:41","date_gmt":"2025-05-05T16:31:41","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=86426"},"modified":"2025-05-05T09:31:23","modified_gmt":"2025-05-05T16:31:23","slug":"affordable-places-to-live-in-alaska","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/affordable-places-to-live-in-alaska\/","title":{"rendered":"9 Most Affordable Places to Live in Alaska in 2025"},"content":{"rendered":"

\u201cThe Last Frontier,\u201d Alaska, is defined by its unparalleled natural beauty. From the Denali National Park, and colorful Northern Lights, to Glacier Bay National Park and outdoor activities like fishing, hiking, and wildlife viewing create a one-of-a-kind state. If you\u2019ve been considering moving to Alaska or are hoping to buy your first home there, you also probably have a budget you\u2019d like to stay under as you look for a place to live. As of April, the <\/span>median home sale price in Alaska<\/span><\/a> is $382,700.\u00a0<\/span><\/p>\n

If that price is out of your budget, don\u2019t worry. We\u2019ve got options to help you find a home. Redfin has collected a list of the 9 most affordable places to live in Alaska. And they all have a median home sale price under $382,700. From <\/span>Badger<\/span><\/a> to <\/span>Fairbanks<\/span><\/a>, read on to see what cities you may want to consider moving to.<\/span><\/p>\n

\"view<\/p>\n

#1: Kenai<\/span><\/h2>\n

Median home price:<\/b> $296,000<\/span>
\nAverage sale price per square foot: <\/b>$201<\/span>
\nMedian household income: <\/b>$74,907<\/span>
\nNearest major metro: <\/b>Anchorage (160 miles)<\/span>
\nKenai, AK homes for sale<\/span><\/a>
\nKenai, AK apartments for rent<\/span><\/a><\/p>\n

The first city to make our list of the most affordable places to live in Alaska is Kenai. It\u2019s located on the Kenai Peninsula, southwest of Anchorage. About 7,800 people live in Kenai, where there are plenty of unique activities to do. Be sure to take in the scenery at Kenai Beach, hike Meek’s Trail, explore the quaint downtown, or take a trip to the nearby Kenai Fjords National Park.<\/span><\/p>\n

#2: Steele Creek<\/span><\/h2>\n

Median home price:<\/b> $299,900 <\/span>
\n<\/span>Average sale price per square foot: <\/b>$119<\/span>
\nMedian household income: <\/b>$117,260<\/span>
\n<\/span>Nearest major metro: <\/b>Fairbanks (13 miles)<\/span>
\n<\/span>Steele Creek, AK homes for sale<\/span>
\n<\/span><\/a>Steele Creek, AK apartments for rent<\/span><\/a><\/p>\n

Taking the second spot is Steele Creek, a popular Fairbanks suburb. Home to about 6,500 residents, Steele Creek is a quaint place to live with easy access to Alaska\u2019s nature. For example, you can check out Birch Hill Recreation Area, visit the Alyeska Pipeline \/ Viewing Point, or spend the day at Ski Land Ski and Snowboard Area.\u00a0<\/span><\/p>\n

#3: College<\/span><\/h2>\n

Median home price:<\/b> $310,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$87<\/span>
\nMedian household income: <\/b>$76,831<\/span>
\n<\/span>Nearest major metro: <\/b>Fairbanks (5 miles)<\/span>
\nCollege, AK homes for sale<\/span>
\n<\/span><\/a>College, AK apartments for rent<\/span><\/a><\/p>\n

The third city on our list is College, another Fairbanks suburb. There are about 12,400 residents in College, which is home to the University of Alaska Fairbanks. You can find a lot of museums and attractions in College such as the <\/span>University of Alaska Museum of the North<\/span><\/a>, the Early Russian Settlement, and the <\/span>World Ice Art Championships – Ice Alaska<\/span><\/a>. You can also explore the beautiful nature, like the Georgeson Botanical Garden, Alaska Range Overlook, and the Skyline Ridge Park Trail.<\/span><\/p>\n

\"purple<\/h2>\n

#4: North Lakes<\/span><\/h2>\n

Median home price:<\/b> $326,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$273<\/span>
\nMedian household income: <\/b>$102,785<\/span>
\n<\/span>Nearest major metro: <\/b>Anchorage (44 miles)<\/span>
\n<\/span>North Lakes, AK homes for sale<\/span>
\n<\/span><\/a>North Lakes, AK apartments for rent<\/span><\/a><\/p>\n

Taking the next spot is North Lakes, home to about 10,300 residents. North Lakes is located just north of Wasilla and is about 44 miles north of Anchorage. It\u2019s a great city if you\u2019re looking to be close to nature and attractions. For example, North Lakes is close to Independence Mine State Historical Park, <\/span>Museum of Alaska Transportation<\/span><\/a>, and Reed Lakes Trailhead, a picturesque hiking area.<\/span><\/p>\n

#5: Badger<\/span><\/h2>\n

Median home price:<\/b> $346,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$203<\/span>
\nMedian household income: <\/b>$87,169<\/span>
\n<\/span>Nearest major metro: <\/b>Fairbanks (11 miles)<\/span>
\n<\/span>Badger, AK homes for sale<\/span>
\n<\/span><\/a>Badger, AK apartments for rent<\/span><\/a><\/p>\n

Home to about 19,200 residents is the town of Badger. It\u2019s about 11 miles southeast of Fairbanks, making it a convenient location. The median home sale price is about 40K less than the state\u2019s average, so you\u2019ll save substantially. Badger is a charming city, with a lot to offer its residents.\u00a0<\/span><\/p>\n

#6: Ketchikan<\/span><\/h2>\n

Median home price:<\/b> $349,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$284<\/span>
\nMedian household income: <\/b>$76,835<\/span>
\n<\/span>Ketchikan, AK homes for sale<\/span>
\n<\/span><\/a>Ketchikan, AK apartments for rent<\/span><\/a><\/p>\n

Sixth is Ketchikan, a popular tourist destination for those looking to travel through the Inside Passage. The Inside Passage is a cruise route that allows visitors to see the Misty Fjords National Monument. Ketchikan has a year-round population of about 8,100 and plenty of things to do. Some popular attractions include the Totem Bight State Historical Park, <\/span>Totem Heritage Center<\/span><\/a>, Southeast Alaska Discovery Center, and the historic Main Street.\u00a0<\/span><\/p>\n

\"aerial<\/h2>\n

#7: Fairbanks<\/span><\/h2>\n

Median home price:<\/b> $350,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$122<\/span>
\n<\/span>Average rent for a 1-bedroom apartment:<\/b> $1,459 <\/span>
\n<\/span>Median household income:<\/b> $66,572 <\/span>
\n<\/span>Fairbanks, AK homes for sale<\/span>
\n<\/span><\/a>Fairbanks, AK apartments for rent<\/span><\/a><\/p>\n

The seventh city on our list of most affordable places to live in Alaska is Fairbanks. Fairbanks has about 31,500 residents and is the second-largest city in Alaska. The median home sale price is $350,000 which is about $30K less than the median home sale price in the state. If you find yourself moving to this affordable place in Alaska, explore downtown Fairbanks where you\u2019ll find restaurants and museums like <\/span>Fairbanks Ice Museum<\/span><\/a>, check out Wedgewood Wildlife Sanctuary, and spend the day at Pioneer Park.\u00a0<\/span><\/p>\n

#8: Kalifornsky<\/span><\/h2>\n

Median home price:<\/b> $353,000<\/span>
\n<\/span>Average sale price per square foot: <\/b>$189<\/span>
\n<\/span>Median household income: <\/b>$90,703<\/span>
\nNearest major metro: <\/b>Anchorage (152 miles)<\/span>
\n<\/span>Kalifornsky, AK homes for sale<\/span>
\n<\/span><\/a>Kalifornsky, AK apartments for rent<\/span><\/a><\/p>\n

Situated on the Kenai Peninsula is Kalifornsky, home to about 8,300 people. This town is located along the Cook Inlet, meaning you\u2019ll find plenty of water views. Kalifornsky is near other small towns like Nikiski and Kenai, so you can easily explore the East Foreland Lighthouse Reserve and the Kenai National Wildlife Refuge.\u00a0<\/span><\/p>\n

#9: Anchorage<\/span><\/h2>\n

Median home price:<\/b> $379,750<\/span>
\n<\/span>Average sale price per square foot: <\/b>$327<\/span>
\nAverage rent for a 1-bedroom apartment:<\/b> $1,348<\/span>
\n<\/span>Median household income: <\/b>$98,152<\/span>
\n<\/span>Anchorage, AK homes for sale<\/span>
\n<\/span><\/a>Anchorage, AK apartments for rent<\/span><\/a><\/p>\n

Claiming the final spot on our list of affordable places to live in Alaska is Anchorage. Located along the Cook Inlet, there are beautiful views throughout the area. Anchorage has about 290,000 residents, making it Alaska\u2019s most populous city. There are plenty of attractions in Anchorage to choose from, like the <\/span>Alaska Native Heritage Center<\/span><\/a>, the <\/span>Alaska Aviation Museum<\/span><\/a>, the <\/span>Alaska Center for the Performing Arts<\/span><\/a>, and the <\/span>Anchorage Museum<\/span><\/a>. If you\u2019re looking to explore the outdoors, make sure to check out Chugach State Park, Beluga Point, Bird Point, Kincaid Park, and Hillberg Ski Area.\u00a0<\/span><\/p>\n

>> Read: <\/i><\/b>Popular Anchorage, AK, Neighborhoods to Live in<\/i><\/b><\/a><\/p>\n

Methodology:<\/b> All cities must have over 6,500 residents per the US Census and have a median home sale price under the average median home sale price in Alaska. Median home sale price and median sale price per square foot from the <\/span>Redfin Data Center<\/span><\/a> during April 2025. Average rental data from <\/span>Rent.com<\/span><\/a> April 2025. Population and median household income data sourced from the <\/span>United States Census Bureau<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Find out the most affordable places to live in Alaska. Whether you’re living in or moving to Alaska, consider buying a home in one of these affordable cities.<\/p>\n","protected":false},"author":537,"featured_media":96004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2656],"tags":[34692],"coauthors":[33440],"class_list":["post-86426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-insights","tag-ak"],"acf":[],"yoast_head":"\n9 Most Affordable Places to Live in Alaska in 2025 | Redfin<\/title>\n<meta name=\"description\" content=\"See the 9 most affordable places to live in Alaska. 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