Why Live in South Lakes
South Lakes in Wasilla is a neighborhood known for its budget-friendly homes with ample acreage and convenient commuting options to Anchorage. The area features a variety of home styles, including ramblers, split levels with cabin-like exteriors, and new constructions, many of which sit on lots ranging from one to two acres. Waterfront homes with private docks are also available, providing opportunities for fishing, swimming, and boating. The Matunuska-Sisitna School District serves the area, with Cottonwood Creek Elementary, Teeland Middle School, and Colony High School all receiving above-average ratings for test scores and student progress. Residents enjoy proximity to over a dozen lakes and outdoor recreation areas, such as Wasilla Lake and Cottonwood Creek Lake, which are ideal for boating, kayaking, and ice fishing. Newcomb Park and Cottonwood Creek Park offer additional features like hiking trails, picnic spots, and playgrounds. The neighborhood is primarily residential, with forested areas and sparkling lakes, yet remains well-connected to Anchorage via Parks Highway, making it a popular choice for commuters. Local amenities include big box stores like Target and Fred Meyer, as well as dining options such as Hacienda Mexican and Holy Moley Donuts. For more variety, Downtown Wasilla offers locally owned restaurants, boutiques, and breweries like Bearpaw River Brewing Company and Tailgaters Sports Bar.
Frequently Asked Questions
Is South Lakes a good place to live?
South Lakes is a good place to live. South Lakes is considered very car-dependent and somewhat bikeable. South Lakes has 4 parks for recreational activities. It is sparse in population with 1.8 people per acre and a median age of 39. The average household income is $119,453 which is above the national average. College graduates make up 25.9% of residents. A majority of residents in South Lakes are home owners, with 27.9% of residents renting and 72.1% of residents owning their home. A
local real estate agent serving South Lakes can help you decide if this neighborhood is the right one for you. Learn more on our
South Lakes neighborhood guide.
How much do you need to make to afford a house in South Lakes?
The median home price in South Lakes is $455,500. If you put a 20% down payment of $91,100 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,320 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 South Lakes. The average household income in South Lakes is $119K.
What are the best public schools in South Lakes?
The best public schools that serve South Lakes are:
What are the best private schools in South Lakes?
The best private schools that serve South Lakes are:
What are the most popular zip codes in South Lakes, Wasilla, AK?
What are the most popular neighborhoods near South Lakes, Wasilla, AK?
Home Trends in South Lakes, AK
On average, homes in South Lakes, Wasilla sell after 43 days on the market compared to the national average of 52 days. The median sale price for homes in South Lakes, Wasilla over the last 12 months is $431,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$431,000
Median Single Family Sale Price
$455,000
Average Price Per Sq Ft
$238
Number of Homes for Sale
17
Last 12 months Home Sales
60
Median List Price
$455,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%
