Why Live in Downtown Anchorage
Downtown Anchorage offers a blend of small-town charm and urban amenities, making it a vibrant place to live. The neighborhood is primarily a commercial hub with a largely renter-based market, featuring condos with water views and some established bungalows and cottages on the outskirts. These homes, built in the early-to-mid 20th century, are densely constructed but offer ample backyard space. The area is known for its proximity to dining, local retail, and the Park Strip, which hosts numerous activities and events. Students attend schools within the Anchorage School District, including Denali Elementary with its public Montessori curriculum, Romig Middle School with its STEM and Mathletes programs, and West Anchorage High School, which offers a language immersion program and scores above average for college readiness.
There are plenty of things to do in Downtown Anchorage, with a variety of parks and green spaces. Delaney Park, also known as the Park Strip, is the largest park, featuring athletic fields, a seasonal ice rink, a rose garden, and a playground. Town Square Park offers an urban setting with an ice rink in winter and summer concerts, while Elderberry Park provides stunning water views and access to the Coastal Trail. The neighborhood is also home to the Anchorage Fifth Avenue Mall, the Alaska Center for Performing Arts, and the Anchorage Museum, offering a range of shopping, cultural, and educational experiences. Dining options are abundant, from Fire Island Rustic Bakeshop to Tent City Taphouse and Humpy's Great Alaskan Alehouse. Downtown Anchorage provides a lively and convenient lifestyle with its mix of residential charm and urban conveniences.
Frequently Asked Questions
Is Downtown Anchorage a good place to live?
Downtown Anchorage is a good place to live. Downtown Anchorage is considered very walkable and very bikeable with good transit options. Downtown Anchorage is a suburban neighborhood. Downtown Anchorage has 6 parks for recreational activities. It is fairly sparse in population with 4.7 people per acre and a median age of 43. The average household income is $86,034 which is below the national average. College graduates make up 31.2% of residents. A majority of residents in Downtown Anchorage are renters, with 74.8% of residents renting and 25.2% of residents owning their home. A
local real estate agent serving Downtown Anchorage can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Anchorage neighborhood guide.
How much do you need to make to afford a house in Downtown Anchorage?
The median home price in Downtown Anchorage is $620,000. If you put a 20% down payment of $124,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $138K a year to afford the median home price in Downtown Anchorage. The average household income in Downtown Anchorage is $86K.
What are the best public schools in Downtown Anchorage?
The best public schools that serve Downtown Anchorage are:
What are the best private schools in Downtown Anchorage?
The best private schools that serve Downtown Anchorage are:
- Holy Rosary Academy has an A Niche grade, a student teacher ratio of 9:1 and an average review score of 4.6.
- Denali Montessori has a B Niche grade and a student teacher ratio of 14:1.
What are the most popular zip codes in Downtown Anchorage, Anchorage, AK?
What are the most popular neighborhoods near Downtown Anchorage, Anchorage, AK?
Are home prices dropping in Downtown Anchorage?
Yes, home prices in Downtown Anchorage are down 46% in the last 12 months.
Home Trends in Downtown Anchorage, AK
On average, homes in Downtown Anchorage, Anchorage sell after 116 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Anchorage, Anchorage over the last 12 months is $610,000, down 46% from the median home sale price over the previous 12 months.
Median Sale Price
$610,000
Median Single Family Sale Price
$610,000
Average Price Per Sq Ft
$231
Number of Homes for Sale
0
Last 12 months Home Sales
6
Median List Price
$620,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-46%
