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Downtown Anchorage

Downtown Anchorage

$305,443 Average Value
$288 Average Price per Sq Ft
4 Homes For Sale

Why Downtown Anchorage is one of the city’s most exciting neighborhood

Downtown Anchorage is the heart of Alaska’s biggest city. It has community-centric parks, plenty of restaurants and entertainment venues. Living in this neighborhood is one of the best and most convenient ways to enjoy the city's top attractions.

Downtown Anchorage high-rises often house hotels and office spaces.
Downtown Anchorage high-rises often house hotels and office spaces.
Trolleys offer scenic rides through Downtown Anchorage’s historic streets.
Trolleys offer scenic rides through Downtown Anchorage’s historic streets.
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Housing costs, types and options to rent

Housing in Downtown Anchorage is all over the map. “It offers a primarily renter-oriented market, featuring a strong mix of apartments, condominiums and mixed-use buildings, along with a limited number of historic homes and townhouses,” says long-time Alaskan resident and Associate Broker-in-Charge Gina Pelaia with Berkshire Hathaway HomeServices. “Studio and one-bedroom units are most common and appeal to professionals, singles and couples who value walkability and proximity to work, dining and cultural amenities.”

Though most people rent, you can also buy property. Most condos and townhouses sell in the mid-to-high $100,000s, while larger units may sell in the upper $400,000s to the low $600,000s. Bungalows and cottages are less common, starting around $100,000 and reaching the upper $400,000s.

Public transportation and commutes through Anchorage

You can get to shops, restaurants and parks on foot in Downtown Anchorage. “Many residents walk or bike, making downtown one of Anchorage’s most pedestrian-friendly areas,” Pelaia says. When commutes are out of walking range, there are plenty of other options:

• Take a People Mover bus
• Call an Uber, Lyft or local taxi
• Hop on Alaska Route 1 from Fifth or Sixth avenues

The city’s main cultural activities and attractions

Downtown Anchorage is the hub of entertainment in the city. You can catch live shows, from Broadway musicals to operas, at the Alaska Center for Performing Arts. The Anchorage Museum has art and science exhibits, and the Alaska Native Heritage Center features historical exhibits and demonstrations. Some of the area’s biggest events are also downtown, like the Summer Solstice Festival in June and the Anchorage Market on weekends from May through September.

Outdoor recreation without leaving downtown

Delaney Park, also known as the Park Strip, is a 13-block green space with athletic fields, an ice-skating rink and a rose garden. Town Square Park also has a seasonal ice-skating rink and hosts a summer concert series. If you want to watch the sunset behind Sleeping Lady Mountain, head to Elderberry Park. It's connected to the Coastal Trail, which runs along the edge of the Cook Inlet mud flats, providing striking views of the water.

The Centennial Rose Garden at Delaney Park blooms seasonally in Downtown Anchorage.
The Centennial Rose Garden at Delaney Park blooms seasonally in Downtown Anchorage.
Delaney Park spans 13 blocks and hosts sports fields and seasonal events.
Delaney Park spans 13 blocks and hosts sports fields and seasonal events.
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Popular restaurants and stores in Downtown Anchorage

Downtown is the place to be for foodies in the city. Options include:

• Japanese noodles at Whisky & Ramen
• Drinks at Tent City Taphouse or Glacier Brewhouse
• Fresh seafood and meat at Orso
• Comfort food at Snow City Cafe

Shopping is also convenient, from boutiques to big-box stores. New Sagaya City Market sells groceries, and Anchorage 5th Avenue Mall has over 100 retailers.

Anchorage 5th Avenue Mall offers major retailers minutes from Downtown Anchorage.
Anchorage 5th Avenue Mall offers major retailers minutes from Downtown Anchorage.
Tent City Taphouse offers Downtown Anchorage residents craft beer and upscale pub fare.
Tent City Taphouse offers Downtown Anchorage residents craft beer and upscale pub fare.
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Schools for families living downtown

Downtown Anchorage students are in the Anchorage School District. West High School is a top-rated option for kids in the neighborhood. Parents in the district can select magnet programs through a biannual lottery, use open enrollment to attend any ASD school with available slots, or arrange out of district transfers. Holy Rosary Academy is a private prekindergarten through 12th-grade option minutes away.

Inlet View Elementary is in the Anchorage School District.
Inlet View Elementary is in the Anchorage School District.
Language immersion and college prep awaits Downtown Anchorage students at West Anchorage High School.
Language immersion and college prep awaits Downtown Anchorage students at West Anchorage High School.
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The job market and local employment

Downtown Anchorage’s job market is buzzing with opportunities. “The area serves as a major employment hub, with residents commonly working in government, professional services, health care, education, hospitality and nonprofit sectors,” Pelaia says. “Many offices are located downtown or nearby in Midtown, keeping commute times relatively short.” Some top employers in the city include the Providence Alaska Medical Center and Princess Cruises.

Grace Pitney
Written By
Grace Pitney
Evan Melgren
Photography Contributed By
Evan Melgren
Daniel Quattro
Video By
Daniel Quattro

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Merrill Field

8 min drive

Bus

5th Avenue & F Street WNW

Bus

5th Avenue & Gambell WNW

Bus

A Street & 3rd Avenue NNE

Bus

5th Avenue & H Street WNW

Bus

4th Avenue & Denali ESE

Bus

3rd Avenue & Barrow WNW

Bus

6th Avenue & C Street ESE

Reviews

Are you familiar with the Downtown Anchorage neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Downtown Anchorage US
Homicide 9 4
Sexual Assault 10 4
Assault with Weapon 9 4
Robbery 9 4
Burglary 9 4
Motor Vehicle Theft 9 4
Larceny 9 4
Crime Score 8 4

Source: WhatIsMyCrimeRisk.com

Downtown Anchorage Demographics and Home Trends

Housing Trends

Median List Price
$250,000
Median Sale Price
$209,000
Median Single Family Sale Price
$467,000
Median Townhouse Sale Price
$235,000
Median 2 Bedroom Sale Price
$534,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
17
Median Home Sale Price YoY Change
-5%
Average Price Per Sq Ft
$288

Neighborhood Facts

Number of Homes
542
Number of Homes for Sale
4
Median Year Built
1967
Months of Supply
2.80
Average Single Family Home Size Sq Ft
1,741
Below the national average
1,930
Average Townhouse Size Sq Ft
2,438
Average 2 Bedroom Size Sq Ft
1,590
Average 1 Bedroom Size Sq Ft
633
Average Studio Size Sq Ft
452
Median Lot Size Sq Ft
6,969

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
2,948
Median Age
43
Population Density
5 ppl/acre
Population under 18
13%
Below the national average
23.8%
Population over 65
16.5%
On par with the national average
19.1%

Finances

Median Household Income
$66,681
Below the national average
$79,601
Average Household Income
$86,034

Education and Workforce

High School Graduates
90.6%
College Graduates
31.2%
Advanced Degrees
10.4%
On par with the national average
13.3%
% Population in Labor Force
54.3%
Below the national average
64.9%

Area Factors

Very Bikeable

Bike Score®

78 / 100

Walker's Paradise

Walk Score®

92 / 100

Good Transit

Transit Score®

52 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Downtown Anchorage