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South Lakes, AK
Full City Profile · Alaska · Anchorage Municipality County
3.1
/5.0
B
Good
6,132
Population
786/sq mi density
$89,632
Median Income
$42,248 per capita
$367,700
Home Value
$408,225 Zillow
$1,191
Median Rent
32.9% income on rent
37°F
Avg Temperature
274 sunny days/yr
579
Violent Crime/100K
6,733 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$89,632 median income, 4.4% unemployment
A
Affordability
4.4 / 5.0
$367,700 home value, $1,191/mo rent
F
Safety
1.0 / 5.0
579 violent crimes/100K (52% above avg)
C+
Education
2.9 / 5.0
23.3% bachelor's degree or higher
Housing Overview
Median Home Value
$367,700
30% above
US avg: $281,900
Median Rent
$1,191/mo
2% above
US avg: $1,163/mo
Homeownership Rate
65.2%
0% below US avg (65.4%)
Total Housing Units
2,367
Median year built: 1988
Home Value by Source
Census Median
$367,700
Zillow (ZHVI)
$408,225
Median Sale Price
$340,000
Median List Price
$419,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.2%
Owner-Occupied
34.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,061/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,467/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,304/mo
Census median rent:
$1,191/mo
Market Indicators (Redfin)
Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
75.0%
of listings with price reduction
Price Per Sq Ft
$230
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
65.2%
Complete Housing Data
Home Values
| Census Median Value | $367,700 |
| Zillow Home Value (ZHVI) | $408,225 |
| Median Sale Price | $340,000 |
| Median List Price | $419,500 |
| Price Per Sq Ft | $230 |
Rent
| Census Median Rent | $1,191 |
| FMR Studio | $1,061 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,467 |
| FMR 3-Bedroom | $1,941 |
| FMR 4-Bedroom | $2,304 |
Market
| Days on Market | 84 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 75.0% |
| Homes Sold | 7 |
| Active Inventory | 4 |
| Price Per Sq Ft | $230 |
Ownership & Stock
| Owner-Occupied | 65.2% |
| Renter-Occupied | 34.8% |
| Homeownership Rate | 65.2% |
| Total Housing Units | 2,367 |
| Median Year Built | 1988 |
| Rent Burden | 32.9% |