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High home prices here to stay, state economists say

Alaska home sale prices edged higher in 2022 and 2023. The average price of a single-family home in Alaska rose 3.3% in 2023, to $436,407.

Kodiak islandUnited statesSankt peterburgKodiak island boroughRob kreigerAlaska department of laborWorkforce development alaska housing informationLabor departmentMckinley research groupListing serviceKodiak island housing authorityWorkforce developmentAlaska housing finance corporationMultiple listing serviceAlaska economic trendsAlaska department

Alaska Department of Labor September Trends magazine looks at how rentals and households have changed

Juneau, Alaska (DOL) - The March 2023 rental survey showed broad rent increases across Alaska areas. Rents went up an average of 7 percent from 2022.

Kenai peninsulaUnited statesPrudhoe bayBethel census areaKenai peninsula boroughSankt peterburgRob kreigerGunnar schultzUs census bureauAlaska department of laborCensus bureau american communityHousing unitAlaska housing finance corporationWorkforce developmentCensus bureauUs bureau of labor statistics

Kodiak rents up 9% this year

Kodiak rents increased this year at the second-highest rate in Alaska.

United statesState of alaskaKodiak islandRob kreigerTrevor brownMckinley research groupKodiak island housing authorityWorkforce developmentAlaska department of laborAlaska economic trendsEconomic trendsAlaska departmentMat su valleyAlaska economist rob kreigerCoast guardTribal operations officer trevor brown

Why are rent prices increasing in Alaska?

Your Alaska Link contacted the Department of Labor and Workforce Development to find out why there s been such a jump in cost.

Sankt peterburgUnited statesRob kreigerRobert agoneyAngel cruzWorkforce developmentDepartment of laborAlaska linkAlaska economic trends

Alaska rents are up 7%, the biggest increase in more than a decade

A new report from the state finds median rental costs climbed across the board, as much as 16% in one community.

United statesRob kreigerTerrance apartmentsAlaska public media

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