$324,917Average Value$230Average Price per Sq Ft2Homes For Sale
Spenard is a vibrant Anchorage neighborhood with lots to explore
Spenard is an eclectic, artsy neighborhood between Downtown Anchorage and Ted Stevens Anchorage International Airport. The area has a long history as a destination for adult entertainment, with bars and nightclubs dominating the landscape during the oil boom of the 1970s and ‘80s. While some of these businesses are still here, Spenard has gradually become more family friendly thanks to a variety of shopping options, highly rated schools and several parks around the community. It’s also one of the most convenient locations in the city, with major highways and bus routes offering easy commutes around Anchorage.
Spenard's impressive network of bus routes is convenient for commuters looking to get around.
The Hoarding Marmot in Spenard offers outdoor sports equipment like bikes, skis and other gear.
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Why you might pay less for a home in Spenard
Ranch-style homes, cottages and cabin-style homes are common in Spenard, often on streets with green lawns and leafy trees. Aurora Courtney, an associate broker at Real Broker Alaska, says homes cost “a little bit less because it’s older, and they’re smaller. There are some nicer homes too, but for the most part, the houses are less expensive.” The median sales price is lower than the citywide median, and houses typically range from the upper $100,000s to the mid-$500,000s. Condos are also common in the neighborhood, typically ranging from the low $100,000s to the mid-$200,000s.
Homes in Spenard stretch down tree lined streets, with ample front yard space for greenery.
Ranch-style homes in Spenard sometimes boast modest carports to protect vehicles from the rain.
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This Anchorage neighborhood has plenty to do when the sun goes down
You won’t find as much nightlife in Spenard as you would’ve 40 years ago, but there are still plenty of options to grab a drink and enjoy live music. Chilkoot Charlie’s, commonly known as Koot’s, has been around since 1970 and has three stages, multiple dance floors and 11 bars scattered throughout its building. The venue has hosted bands like Lynyrd Skynyrd, Metallica and The Beach Boys. If you want a more low-key night, Carousel Lounge is a smaller dive bar that’s been part of the neighborhood since 1957. Stop by for nightly specials, including free pool, karaoke, and live music.
Popular shops and restaurants fill the streets
Lots of other shops and restaurants add variety to the neighborhood.
Gwennie’s Old Alaska Restaurant serves classic breakfast dishes surrounded by Alaskan décor
Fiori D’Italia is known for authentic Italian food and its wide-ranging whiskey menu
Bear Tooth Theatrepub is the place to be for movies, drinks and dinner
You can gear up for your next outdoor adventure at The Hoarding Marmot or grab something to read at Title Wave Books
Stores like Carrs and Natural Pantry cover groceries
Gwennie's Old Alaska in Spenard is filled with wall decorations and offers home-style cooking.
Pho Lena in Spenard is often packed to the gills with hungry folks during the afternoon rush.
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Highly rated schools offer multiple pathways
Students in Spenard will likely attend the highly rated Romig Middle School and the top-rated West High School. West High has several pathways for students, including the International Baccalaureate program, a medical academy and Spanish and Russian immersion programs. Students can also participate in the Air Force JROTC. The Anchorage School District also offers magnet schools and some open enrollment options.
Romig Middle School provides a highly rated education for neighborhood students.
West Anchorage High School is the oldest high school in the city of Anchorage and receives top ratings.
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Easy access to every corner of Anchorage
Spenard’s location between the airport and downtown makes it easy to get around Anchorage. “Proximity to the airport is a huge thing. That’s why most people live there, I think,” says Christopher Scott, an associate broker at Jack White Real Estate. “A lot of people in the aviation industry like to be there. A lot of people who enjoy going downtown but don’t want to live downtown live there.” The airport is about a 2-mile drive from the center of the neighborhood, while downtown is about 4 miles away via Minnesota Drive. Bus routes in the area connect to downtown, the airport, shopping malls, hospitals and the University of Alaska Anchorage.
Getting outside is easy at neighborhood parks
Like any Anchorage neighborhood, outdoor recreation is a must in Spenard.
Fish Creek Park and the Fish Creek Trail offer room for a walk or run through the woods
Bring the dogs to burn off some energy in the off-leash area at Connors Bog Park
Javier De La Vega Park hosts sports like baseball, softball and soccer
The whole family can enjoy some time at the Spenard Community Recreation Center
Residents take their dogs for a walk through the woods at Connors Bog Dog Park.
Views on nice days in Spenard often showcase the beautiful Chugach mountains to the east.
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
Are you familiar with the Spenard neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Spenard
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
6
4
Robbery
6
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Spenard Demographics and Home Trends
On average, homes in Spenard, Anchorage sell after 38 days on the market compared to the national average of 54 days. The median sale price for homes in Spenard, Anchorage over the last 12 months is $290,750, up 1% from the median home sale price over the previous 12 months.
Midtown Side by side 8 plex's featuring 14 Two bedroom units and 2 one bedroom units. Roofs, boilers, windows, decks and stairs have all been recently updated. Most of the units have been updated in the last 5 years. In past some units have done really well as an AIRBNB with close proximity to the airport. Buildings are professionally managed. Current Cap is almost 8%
2018 complete remodel of both units New kitchen cabinets, counters, newer flooring and updated throughout. This is a top and down apartment style duplex with fireplaces in both units. Great location close to schools, public transporation, shopping and the two freeways Minnesota and Glenn Highways
Fantastic Midtown Investment! This well-maintained, adaptable ranch Duplex home boasts twin garages and can be converted into a 5-bedroom home. Currently operating as an assisted living facility. A rare chance to own a ranch home in this location at an exceptional price! Market Rents are Side A $1500 Side B $1750.
Rare opportunity to acquire a 46,426 sq ft assemblage in the vibrant Spenard neighborhood. Recently approved for both replat and rezoning to B-3, this property now offers a single, cohesive parcel ideal for high-density residential and mixed-use development. Formerly three contiguous lots, internal boundaries and an unused utility easement have been removed, maximizing the site's potential in
This 3,380 SF multifamily features four 2-bedroom / 1-bath units with a 2-up / 2-down layout and covered parking for each unit via a 4-car carport. Recent improvements include fresh interior paint, new LVP flooring and carpet, updated lighting, new kitchen ranges, and bathroom updates. Unit 3 received a new kitchen in January 2026. Property includes shared coin-op laundry and common
More pictures coming soon, fresh paint and new floors..Duplex with 5 br, 2 full baths, and a detached 2-car garage.Unit#1 upstairs has 3br/1ba, and Unit #2 downstairs has 2 br/ Midtown location, centrally located, close to the airport, schools, universities, malls, hospital, restaurants, etc.
2 adjacent lots give almost a half acre of room. The back of the property gives ample space for boats & RV storage.Unique Spenard property located on a dead end street gives a neighborhood feel while being close to commercial amenities. 5 minute access to Lake Hood, Lake Spenard & the airport.Duplex upfront on the property allows flexibility for living in one side & a renting the other. More.Fish
Corner lot off Minnesota and 43rd. Hard to find R3 lots! Seller has cleared some trees to make it more open.Public Water and Sewer is already stubed.Electric is close for connection.Zoned R-3 and ready to build that multi unit property.Close to shopping, retaurants and close to mid town and downtown!
9.96 Acres of R3 land in midtown Anchorage. Located less than a mile from schools, easily accessible, and desirable older Anchorage neighborhood. Public water and sewer, all utilities are on site or adjacent to the parcel. South side of property is bordered by Northwood Park and Fish Creek offering an unobstructed green belt for future residents to enjoy.
Duplex and four plex on one lot. Strong rental income and excellent rental history. Five 2bed/1bath units and one efficiency. Four plex units pay own electric. Duplex rents include all utilities.
R3 zoned residential lot in midtown. Street has attractive duplex and 4plex properties built. There are two vacant lots on the left side of the street; Lot 11 is last lot on the left.
Don't miss this well-maintained multi-family property located in the heart of Midtown Anchorage! This property offers excellent income potential and recent updates that make it truly move-in ready for tenants or owner-occupants.It features a new roof installed in 2025, fresh interior paint, updated flooring throughout, numerous updates for long-term peace of mind, and is conveniently located near
Cute remodeled 1 bedroom, plus office or could be second bedroom, 1 bath west Anchorage home. 1 Car garage, plenty of parking. Adorable yard space, quiet neighborhood close to the airport costal trail, and downtown.
All utilities included, midtown studio apartment conveniently located in the Spenard area and just moments away from downtown Anchorage. Features include a fully appointed kitchen, closet space and more!
Christopher MyersReal Estate Brokers of Alaska Wasilla
Upstairs furnished one-bedroom, one-bath unit located in Midtown, conveniently close to shopping, parks, and trails. The unit includes one assigned carport parking space, a private balcony, extra storage and on-site coin-op laundry. Rent is $1,500 per month plus electric and the unit is available now. A one-year lease is required. No pets and no smoking.
Cute 1 bed, 1 bath located in midtown Anchorage. Close driving distance to stores, downtown and parks! Very secure clean building with coin-operated laundry room.
Heat Paid! Recently updated 2 Bedroom/1 Bathroom Apartment with styling and functional new kitchen featuring a useful and modern central island. This apartment features 2 spacious bedrooms with plenty of closet space and a recently remodeled bathroom. Conveniently located in midtown you will be centrally located near parks, trails, shopping, dining and just moments away from downtown Anchorage!
Christopher MyersReal Estate Brokers of Alaska Wasilla
Welcome to this beautifully furnished executive rental located in the heart of Anchorage just minutes from downtown, the Coastal Trail, and many of the city's best restaurants and shops. This home offers the perfect blend of comfort, convenience, and quality, ideal for professionals seeking a fully equipped, move-in-ready space.Property features:The property features a bright and modern interior
All Utilities Included!! Recently updated 1 Bedroom/1 Bathroom Apartment with styling and functional new kitchen featuring a useful and modern central island. This apartment features a spacious bedroom with plenty of closet space and a recently remodeled bathroom. Conveniently located in midtown you will be centrally located near parks, trails, shopping, dining and more!
Christopher MyersReal Estate Brokers of Alaska Wasilla
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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