Best Rental Markets in Alaska (2026)
Data updated April 2026 · 2 cities screened
Alaska's median home value is $390,107 with a median rent of $1,444/mo across our 2 investable cities. Its 4.4% annual rent-to-price ratio sits near the national median — neither a pure cash-flow nor a pure appreciation play.
Top Alaska cities for cash flow
Ranked by annual rent ÷ median home value. Higher means the rent check is bigger relative to what you paid — the first screen for a cash-flowing rental.
| # | City | Median Home Value | Median Rent | Rent / Price | Population |
|---|---|---|---|---|---|
| 1 | Fairbanks | $298,966 | $1,738/mo | 7.0% | 32,083 |
| 2 | Anchorage | $414,013 | $1,697/mo | 4.9% | 288,976 |
Most affordable entry points
Lowest median home values — where a first deal or a limited budget goes furthest. Cheap is not automatically good: check rent and condition before assuming a bargain.
| # | City | Median Home Value | Median Rent | Rent / Price | Population |
|---|---|---|---|---|---|
| 1 | Fairbanks | $298,966 | $1,738/mo | 7.0% | 32,083 |
| 2 | Anchorage | $414,013 | $1,697/mo | 4.9% | 288,976 |
Alaska fundamentals for landlords
The state-level numbers that shape every deal here — what taxes and law take out of the rent check, and whether demand is growing.
Annual tax as a share of home value (Tax Foundation). Comes straight out of cash flow.
Top marginal state rate (Tax Foundation) — what your rental profit is taxed at in-state.
Composite of rent control, eviction timeline, deposit caps, and notice rules in state statute.
Census ACS. People moving in = housing demand; sustained decline is the risk flag.
BLS, latest month. Tenant quality and vacancy risk track the job market.
Census BPS, latest year. Heavy new supply competes with your unit at renewal time.
FBI Crime Data Explorer. Affects insurance, tenant pool, and appreciation.
FEMA declarations — a proxy for insurance cost and climate exposure.
Frequently asked questions
What is the best rental market in Alaska for cash flow?
By rent-to-price ratio, Fairbanks leads Alaska at 7.0% — a median rent of $1,738/mo against a $298,966 median home value (Zillow, April 2026).
Does Alaska pass the 1% rule?
At state medians — $1,444 rent on a $390,107 home — monthly rent is 0.37% of the purchase price, so the median Alaska deal falls short of the 1% screen. Individual cities can still clear it — see the table above.
Is Alaska landlord-friendly?
Alaska scores 68/100 on our landlord-friendliness composite (rent control status, eviction timeline, deposit caps, notice requirements) — less owner-friendly than 54% of states.
How high are property taxes in Alaska?
The effective property tax rate is 1.04% of home value per year (Tax Foundation) — on the median $390,107 home, roughly $4,057 a year off your cash flow.
Compare with similar states
Minnesota · Delaware · Nevada · Tennessee · New Mexico
About this data: compiled by RehabRange from Zillow Research (ZHVI home values, ZORI rents), U.S. Census Bureau (ACS population and income, Building Permits Survey), Bureau of Labor Statistics (unemployment), FBI Crime Data Explorer, FEMA, and Tax Foundation. Last updated April 2026.
RehabRange is built by Mitchell Haughton, a practicing eastern-Connecticut real estate investor — the same screens he runs before walking a property. How we rank markets