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University Area Homes for Sale

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  • 5561 Big Bear Way Unit 25, Anchorage, AK 99504
    5561 Big Bear Way Unit 25, Anchorage, AK 99504
    5561 Big Bear Way Unit 25, Anchorage, AK 99504
    /28

    $393,000

    • 3 Beds
    • 3 Baths
    • 1,658 Sq Ft

    5561 Big Bear Way Unit 25, Anchorage, AK 99504

    Modern condo that lives like a single-family home. Like-new and conveniently located near UMED with an easy commute to JBER. Open main-level living and kitchen with quartz counters, island, and gas range. Bedrooms are upstairs, with a spacious lower-level den or family room and full bath. Two decks offer beautiful mountain views. Five-Star Energy Rated. Come see your new home today!

    Jubilee Underwood Signature Real Estate Alaska

    5561 Big Bear Way Unit 25, Anchorage, AK 99504
  • 3530 E 42nd Ave, Anchorage, AK 99508
    3530 E 42nd Ave, Anchorage, AK 99508
    /2

    $775,000

    • 12 Beds
    • 6 Baths
    • 6,120 Sq Ft

    3530 E 42nd Ave, Anchorage, AK 99508

    Well-maintained 6-plex with numerous recent upgrades. All units have 2 bedrooms, 1 bathroom, and have been moderately updated in the past 6-12 months. 5 of the 6 units are currently occupied.

    Manny Rodriguez Jack White Commercial

    3530 E 42nd Ave, Anchorage, AK 99508
  • 000 Wesleyan Dr, Anchorage, AK 99508
    000 Wesleyan Dr, Anchorage, AK 99508
    000 Wesleyan Dr, Anchorage, AK 99508
    /14

    $419,000

    • Land
    • 1.64 Acres
    • $255,488 per Acre

    000 Wesleyan Dr, Anchorage, AK 99508

    1.64 acres in the Heart of Anchorage. Rare, large, not wet, utilities in street and power in back, Multi Family OK, R2M=up to 15 residential units per acre. Across the street from James Vernon Nash Park. Large enough lot to have your own Well and Septic, Address shows E24 Ave, that is no Longer available.

    Lee Mitchell Elite Real Estate Group

    000 Wesleyan Dr, Anchorage, AK 99508
  • 3209 Eastgate Place Unit 104, Anchorage, AK 99504
    3209 Eastgate Place Unit 104, Anchorage, AK 99504
    3209 Eastgate Place Unit 104, Anchorage, AK 99504
    /45

    $229,000

    • 2 Beds
    • 1.5 Baths
    • 1,196 Sq Ft

    3209 Eastgate Place Unit 104, Anchorage, AK 99504

    Beautiful Eastside turnkey condo. With a wonderful U-Med location, you'll be close to schools, JBER, hospitals & shopping. This reverse style floor plan features the bedrooms and full bath on the main floor with the kitchen and living areas located upstairs. You'll enjoy the wood-burning fireplace, the large deck off of the dining area along with the covered carport & fenced yard.

    Cody Morey Real Broker Alaska

    3209 Eastgate Place Unit 104, Anchorage, AK 99504
  • 3664 Mirage Cir, Anchorage, AK 99504
    3664 Mirage Cir, Anchorage, AK 99504
    3664 Mirage Cir, Anchorage, AK 99504
    /52

    $458,000

    • 3 Beds
    • 3 Baths
    • 2,049 Sq Ft

    3664 Mirage Cir, Anchorage, AK 99504

    Beautifully maintained home with room to grow. 3 bedrooms, 3 FULL bathrooms and car garage. Featuring vaulted ceilings, cozy fireplace, and sunny covered deck overlooking a creek. Primary suite with jetted tub, family room with wood stove, landscaped fenced yard, firepit, creek/trail access, and potential 4th bedroom. Located on a cul de sac. Near gyms, shopping, restaurants and JBER.

    Lorrie Seward Real Broker Alaska

    3664 Mirage Cir, Anchorage, AK 99504
  • 5553 College Meadow Cir, Anchorage, AK 99504
    5553 College Meadow Cir, Anchorage, AK 99504
    5553 College Meadow Cir, Anchorage, AK 99504
    /34

    $539,000

    • 3 Beds
    • 2.5 Baths
    • 1,987 Sq Ft

    5553 College Meadow Cir, Anchorage, AK 99504

    Move-in ready with all the big-ticket upgrades DONE! This home features a new roof, new gutters, fresh exterior/interior paint, ALL new windows by Renewal by Andersen, and a new water heater installed 2025. Enjoy energy efficiency with a 4+ energy rating and abundant natural light throughout. Located on a quiet dead-end cul-de-sac with NO HOA and just minutes from base. The spacious 3-car garage

    Tamara Garner Berkshire Hathaway HomeServices Alaska Realty

    5553 College Meadow Cir, Anchorage, AK 99504
Alaska Anchorage County Anchorage University Area

Real Estate & Homes for Sale in University Area, Anchorage

Why Live in University Area
University Area combines residential and retail spaces in Anchorage, Alaska, making it a convenient neighborhood for those who work in nearby universities and hospitals. Both the University of Alaska Anchorage and Alaska Pacific University are within walking distance, and Providence Alaska Medical Center and Alaska Native Medical Center provide residents with their health care needs. There are a variety of local dining establishments, including Uncle Joe’s Pizzeria and Thai Kitchen, as well as a Fred Meyer grocery store nearby. Condos and ranch-style homes are most common, but there are also some traditional and split-level houses in the area. Students attend College Gate Elementary, Wendler Middle School and Bettye Davis East Anchorage High School. Goose Lake has a playground, a basketball court and wildlife such as Canadian geese, and many people go dog sledding at University Lake during the winter. There’s also a small green space at Castle Heights Park and Folker Park. The Northern Lights, Tudor and Lake Otis bus routes all pass through the area.
Learn more about living in University Area

Frequently Asked Questions

Is University Area a good place to live?
University Area is a good place to live, receiving 3.5 stars from its residents. University Area is considered car-dependent and very bikeable with minimal transit options. University Area is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. University Area has 7 parks for recreational activities. It is fairly sparse in population with 5.8 people per acre and a median age of 35. The average household income is $106,638 which is above the national average. College graduates make up 33.3% of residents. A majority of residents in University Area are home owners, with 49.4% of residents renting and 50.6% of residents owning their home. A local real estate agent serving University Area can help you decide if this neighborhood is the right one for you. Learn more on our University Area neighborhood guide.
Is University Area, AK a safe neighborhood?
University Area, AK is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in University Area?
The median home price in University Area is $376,500. If you put a 20% down payment of $75,300 and had a 30-year fixed mortgage with an interest rate of 6.11%, your estimated principal and interest payment would be $1,830 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in University Area. Learn how much home you can afford with our Home Affordability Calculator. The average household income in University Area is $107K.
What are the best public schools in University Area?
The best public schools that serve University Area are:
What are the best private schools in University Area?
The best private schools that serve University Area are:
What are the most popular zip codes in University Area, Anchorage, AK?
The most popular zip codes in University Area, Anchorage, AK include 99508, 99507, 99504, 99503 and 99515.
What are the most popular neighborhoods near University Area, Anchorage, AK?
The most popular neighborhoods near University Area, Anchorage, AK are Russian Jack Park, Campbell Park, Airport Heights, Northeast Anchorage and Scenic Foothills.

Home Trends in University Area, AK

On average, homes in University Area, Anchorage sell after 20 days on the market compared to the national average of 55 days. The median sale price for homes in University Area, Anchorage over the last 12 months is $377,250, up 22% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$377,250
Median Single Family Sale Price
$443,000
Median 2 Bedroom Sale Price
$230,000
Median 1 Bedroom Sale Price
$179,500
Average Price Per Sq Ft
$234
Number of Homes for Sale
4
Last 12 months Home Sales
100
Months of Supply
0.50
Median List Price
$376,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
22%
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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.

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