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University Area Homes for Sale

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  • /44

    $449,000

    • 3 Beds
    • 2 Baths
    • 1,708 Sq Ft

    3861 Reflection Dr, Anchorage, AK 99504

    Welcome to this thoughtfully designed, well maintained, & super clean home. This 3 bedroom, 2 full bath home is open, bright, and offers 2 flexible living spaces. NO HOA! Upstairs, the main living area features vaulted ceilings, expansive windows, and a corner fireplace that creates the perfect place to gather. Mountain views too! The open layout flows seamlessly into the dining area and kitchen

    Agent Photo

    Melissa Flint

    Century 21 Realty Solutions - Eagle River

    3861 Reflection Dr, Anchorage, AK 99504
  • /35

    $470,000

    • 5 Beds
    • 3.5 Baths
    • 2,678 Sq Ft

    4170 Defiance St, Anchorage, AK 99504

    Tri-level home with 5 bedrooms, 3.5 baths. New roof and fresh interior/exterior paint completed in 2022-2023. The main level features vaulted ceilings, a bright living room with fireplace, kitchen with breakfast nook, and formal dining with yard access. Upstairs offers 3 bedrooms, 1 full tiled bath, plus a spacious primary suite with dual closets and a tiled soaking tub. The finished basement

    Agent Photo

    Carmen Robles

    Real Broker Alaska

    4170 Defiance St, Anchorage, AK 99504
  • /21

    $795,000

    Open Sun 1PM - 4PM
    • 5 Beds
    • 4 Baths
    • 4,990 Sq Ft

    4038 Vance Dr, Anchorage, AK 99508

    Investment property with plenty of space. Larger side has 3 bedrooms, 2 full baths, 2 car garage and is nearly 4000 sq ft. ''Smaller'' side has been REMODELED throughout, it has 2 bed, 2 bath and one car garage. Both have laundry, fireplaces, multiple living spaces and decks. Property is on a half-acre and the yard backs right up to the Chester Creek trails. Call to see it.

    Michael Liebner Jack White Real Estate

    4038 Vance Dr, Anchorage, AK 99508
  • /54

    $699,900

    $29K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 2,876 Sq Ft

    4128 Wright St, Anchorage, AK 99508

    4BR single-family home featuring two separate, income-producing Airbnb units already running. Owner can live in the main home while the units generate cash flow. Great separation between living space and rentals. Turnkey operation with established performance. Perfect for house hacking or adding built-in income.

    Jerrett Chambers Chambers Real Estate Services

    4128 Wright St, Anchorage, AK 99508
  • /66

    $765,000

    Open Sun 12PM - 3PM $30K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 4,556 Sq Ft

    3840 Delwood Place, Anchorage, AK 99504

    Beautifully upgraded 4-bedroom, 3.5-bath home featuring 3 living spaces, 2 fireplaces, and an impressive basement. The family room offers western exposure and abundant natural light. Spacious primary suite includes a huge walk-in closet and spa-like bath. Extensive upgrades throughout plus an oversized 2-car garage complete this exceptional home.

    Michelle Webb RE/MAX Dynamic Properties

    3840 Delwood Place, Anchorage, AK 99504
  • /27

    $337,000

    • 3 Beds
    • 1.5 Baths
    • 1,075 Sq Ft

    3220 E 40th Ave, Anchorage, AK 99508

    Classic & Charming log home on a wooded lot in the heart of the U-Med area! This has been a peaceful setting for this long time owner who has enjoyed it's easy location. The seller would like to sell the house in it's present condition. Wood burning rock fireplace makes for a cozy living room. Fully fenced yard with a shed & a long driveway for parking. This would be a great place to call HOME!

    Cheri Marston Jack White Real Estate

    3220 E 40th Ave, Anchorage, AK 99508
  • /43

    $419,000

    • 3 Beds
    • 2.5 Baths
    • 1,618 Sq Ft

    5530 Big Bear Way Unit 13, Anchorage, AK 99504

    Located in the Burlwood Bluff community, this well-maintained townhouse offers modern construction, functional living space, and a convenient Anchorage location close to UMED, Midtown, University Lake Park, and the Alaska Botanical Garden... Home Features:" 3 bedrooms, 2.5 bathrooms" 1,431 square feet" Built in 2020" Open-concept main living area" Beautiful laminate flooring

    Matthew St John Keller Williams Realty Alaska Group of Wasilla

    5530 Big Bear Way Unit 13, Anchorage, AK 99504
  • /32

    $245,000

    • 2 Beds
    • 2 Baths
    • 895 Sq Ft

    3041 E 42nd Ave Unit 502, Anchorage, AK 99508

    2 bedroom 2 Bath condo with shared underground secure parking in the Heart of Umed, 10 minute walk to UAA/Providence Hospital or APU. Great sun filled unit with a quiet porch, wood burning fireplace, laundry room, and private storage in the garage. Remodel in 2020 includes new LVP Flooring, cabinets, counters, vanities, lighting, window coverings and plumbing fixtures (original baths in.. great

    Shana Ackles RMG Real Estate

    3041 E 42nd Ave Unit 502, Anchorage, AK 99508
  • /36

    $460,000

    • 4 Beds
    • 2 Baths
    • 1,988 Sq Ft

    2928 Ambergate Dr, Anchorage, AK 99504

    Beautiful spacious 4 bed, 2 bath split-entry home in sought-after College Gate East! Backing to peaceful Chester Creek, this nearly 2K SF home offers privacy and convenience. Recent updates are new triple-pane windows, refreshed kitchen cabinets, refinished concrete countertops, LVP flooring, lighting, plus a fully fenced yard with a shed, firepit, & planter boxes. Near schools, churches & parks

    Ariel Valenzuela Jack White Commercial

    2928 Ambergate Dr, Anchorage, AK 99504
  • /2

    $465,000

    Coming Soon
    • 4 Beds
    • 2 Baths
    • 1,982 Sq Ft

    3902 Reflection Dr, Anchorage, AK 99504

    Mountain views, NEW roof in '22, NEW exterior paint in '26, & beautiful fenced in yard could be yours! This home is very clean and move-in ready with great flow, vaulted ceilings, & desirable reverse floorplan. Relax on your expansive 16x20 year deck w/shaded privacy. Upper main includes wb fireplace & walkout deck. Plus access to Reflection Lake & NO HOA! HVAC serviced 6/26. Welcome home!!!

    Alisa Landis Service Real Estate, LLC

    3902 Reflection Dr, Anchorage, AK 99504
  • /2

    $230,000

    Coming Soon
    • 2 Beds
    • 2 Baths
    • 808 Sq Ft

    4250 Folker St Unit C204, Anchorage, AK 99508

    Quiet 2nd floor condo overlooking the greenbelt on northside of building with a one car garage parking. Close to the hospitals and college campus. NO DOGS ALLOWED

    Lauri Siegmann Signature Real Estate Alaska

    4250 Folker St Unit C204, Anchorage, AK 99508

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.

University Area Home Prices vs. Nearby Anchorage, AK Neighborhoods

University Area Mountain View North Star Spenard
Median Home Price
$375,000
$337,000
$292,000
$349,500
Median Sale Price
$375,000
+21% YoY
$315,750
+13% YoY
$223,000
-39% YoY
$352,250
+26% YoY
Median Single Family Price
$448,500
$328,000
$378,500
$383,000
Median Townhouse Price
$652,500
$260,000
$499,950
$334,000
Median Condo Price
$237,500
$195,000
$205,000
$217,500
Total Active Listings
10
13
9
13
Market Conditions
1 Months of Supply
Seller's Market
7 Months of Supply
Buyer's Market
4 Months of Supply
Balanced Market
2 Months of Supply
Seller's Market

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 somewhat dense in population with 6.0 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% of residents renting and 51% 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 $375,000. If you put a 20% down payment of $75,000 and had a 30-year fixed mortgage with an interest rate of 6.49%, your estimated principal and interest payment would be $1,890 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K 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, 99504, 99507, 99501 and 99503.
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 Rogers Park.
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