Why Live in Farm Loop
Farm Loop in Palmer, Alaska, is a community characterized by expansive pastoral farmland set against the backdrop of the Chugach Mountains. It is a popular choice for those seeking new construction homes without the higher city prices, with modern craftsman-style and contemporary geometric designs being common. The neighborhood also features established ranches and split-level homes, often situated on lots ranging from 1 to 10 acres, providing ample privacy and space for personal projects or small farming endeavors. The Matanuska-Susitna School District serves the area, with Swanson Elementary School being highly rated and offering a robust music program. Palmer Junior Middle School and Palmer High School also provide diverse extracurricular activities and academic pathways.
Residents enjoy numerous outdoor activities, with nearby lakes for summer camping, swimming, and winter ice skating. Walby Lake is a favored spot for picnicking, kayaking, and fishing. The Matanuska River offers opportunities for rafting, floating, and flyfishing, though it's important to stay vigilant due to local wildlife like moose and bears. The Musk Ox Farm, a sanctuary for rescued musk oxen, is another notable attraction.
Farm Loop's proximity to the Glenn Highway allows for an easy 45-mile commute to Anchorage, where major employers and Anchorage International Airport are located. Within the community, Wolf Lake Airport caters to small aircraft needs. Downtown Palmer, accessible via the Glenn Highway, offers dining, retail, and essential services, including coffee shops, farm-to-table restaurants, and a summer music series. The nearby Palmer-Wasilla Highway leads to Wasilla's retail hub, and the annual Alaska State Fair provides summer entertainment with carnival rides, games, and food.
Frequently Asked Questions
Is Farm Loop a good place to live?
Farm Loop is a good place to live. Farm Loop is considered very car-dependent and somewhat bikeable. Farm Loop is a rural neighborhood. Farm Loop has 4 parks for recreational activities. It is sparse in population with 0.2 people per acre and a median age of 39. The average household income is $125,625 which is above the national average. College graduates make up 35% of residents. A majority of residents in Farm Loop are home owners, with 13% of residents renting and 87% of residents owning their home. A
local real estate agent serving Farm Loop can help you decide if this neighborhood is the right one for you. Learn more on our
Farm Loop neighborhood guide.
How much do you need to make to afford a house in Farm Loop?
The median home price in Farm Loop is $446,171. If you put a 20% down payment of $89,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,310 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $99K a year to afford the median home price in Farm Loop. The average household income in Farm Loop is $126K.
What are the best public schools in Farm Loop?
The best public schools that serve Farm Loop are:
What are the most popular zip codes in Farm Loop, Palmer, AK?
What are the most popular neighborhoods near Farm Loop, Palmer, AK?
Home Trends in Farm Loop, AK
On average, homes in Farm Loop, Palmer sell after 13 days on the market compared to the national average of 70 days. The median sale price for homes in Farm Loop, Palmer over the last 12 months is $151,000.
Median Sale Price
$151,000
Median Single Family Sale Price
$446,171
Average Price Per Sq Ft
$230
Number of Homes for Sale
3
Last 12 months Home Sales
11
Median List Price
$446,171
Median Change From 1st List Price
7%
