Anchorage, Alaska Short-Term Rental Market
Anchorage STRs averaged $160/night at 52.4% occupancy in April 2026, with summer peak occupancy exceeding 73% as Alaska tourism surges.
Quick Answer: Anchorage, Alaska is an active short-term rental market. average occupancy is 52%. average monthly revenue is $2,142. average daily rate is $160. the top operator is Vacasa with 115 listings. market score is 81/100 (grade B).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Anchorage, Alaska is the primary air gateway to the state and the largest city in Alaska with approximately 289,000 residents. The STR market recorded a $159.75 average daily rate and 52.4% occupancy in April 2026, producing a RevPAR of $83.72. Average monthly revenue per listing came in at $2,142. Year-over-year, all three key metrics improved: occupancy grew 0.97%, ADR rose 5.72%, and revenue increased 8.01%.
The Anchorage STR inventory spans approximately 4,688 active listings. Entire-place rentals account for 4,162 units (89% of supply), with 496 private rooms and 30 shared rooms. Bedroom distribution is led by 1-bedroom properties (1,947 listings), followed by 2-bedroom (1,438), 3-bedroom (865), 4-bedroom (272), and 5+ bedroom (157) units, reflecting a market that serves solo travelers and couples more than large groups.
Airbnb dominates platform distribution with 2,748 Airbnb-only listings, while 1,738 listings appear on both Airbnb and VRBO and just 202 list exclusively on VRBO. The Anchorage market score is 80.91 out of 100, with rental demand (83.61) and revenue growth (84.98) as the leading sub-scores.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 45% | $135 | $1,661 |
| Feb | 55% | $138 | $1,753 |
| Mar | 58% | $139 | $2,058 |
| Apr | 52% | $129 | $1,731 |
| May | 64% | $141 | $2,020 |
| Jun | 74% | $183 | $3,235 |
| Jul | 73% | $184 | $3,636 |
| Aug | 72% | $176 | $3,450 |
| Sep | 56% | $144 | $2,217 |
| Oct | 44% | $121 | $1,542 |
| Nov | 49% | $123 | $1,482 |
| Dec | 55% | $140 | $1,838 |
Top Short-Term Rental Operators in Anchorage
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 115 | 7,836 | ★ 4.41 |
| 2 | Evolve | 100 | 4,754 | ★ 4.71 |
| 3 | Casa Rentals | 73 | 4,190 | ★ 4.86 |
| 4 | Akstay | 38 | 3,774 | ★ 4.85 |
| 5 | Northern Stay Alaska | 35 | 551 | ★ 4.43 |
What Kind of STR Should I Buy in Anchorage?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,947 |
| 2 bed | 1,438 |
| 3 bed | 865 |
| 4 bed | 272 |
| 5 bed | 157 |
ADR by Property Tier
| Entire Home | $167 |
| Luxury | $325 |
| Professionally Managed | $183 |
Revenue by Dwelling Type
| Apartment | $1,927 |
| Entire Place | $2,233 |
| House | $2,347 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 58.6% |
| vrbo | 4.3% |
| both | 37.1% |
Investment Analysis
Anchorage’s investment case rests on consistent demand from 1.34 million annual visitors, a growing year-round tourism profile, and positive revenue momentum. At a $414,014 typical home value and $2,142 average monthly revenue, annualized gross revenue of approximately $25,704 implies a gross yield of roughly 6.2% before expenses.
Revenue by property type: houses average $2,347/month, entire-place listings average $2,233/month, and apartments average $1,927/month. The professionally managed tier commands a $183.08 ADR versus the all-listings average of $159.75, a 15% premium. Luxury properties average $325.31 ADR.
The Anchorage housing market is notably competitive. With a sale-to-list ratio of 0.974 and a median 5 days to pending, properties move fast. The median list price of $410,650 sits just below the typical home value of $414,014, and 344 active listings provide limited inventory. The 8.01% revenue growth year-over-year and consistent improvement across the 2025 full-year average ($2,790 monthly revenue, up from $2,720 in 2024) points to a market gaining momentum. The regulatory environment is newly clarified with a free registration requirement (see Regulatory Summary), removing the prior zoning ambiguity that may have constrained operator confidence.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Anchorage STR guests book an average of 34.6 days in advance with an average length of stay of 4.18 nights. The 34-day lead window is relatively short compared to highly seasonal mountain or university markets, reflecting the mix of planned Alaska adventure trips (booked further out) and opportunistic visitors using Anchorage as a base city.
The 4.18-night average stay is the longest in this analysis group, consistent with Alaska travel patterns where visitors combine a multi-night Anchorage stay with excursions to Denali, Kenai Fjords, or Prince William Sound. Longer stays mean lower per-stay cleaning costs and fewer turnover cycles. For operators, the summer peak booking window (June through August) benefits from promoting multi-night minimums aligned with typical Alaska itineraries, while winter northern lights positioning can leverage the 20%+ of visitors arriving October through April.
Short-Term Rental Regulations
Anchorage passed its first-ever STR ordinance on December 16, 2025 (AO 2025-115(S-2), approved 10-2 and co-sponsored by Mayor LaFrance). The ordinance created a free annual registration requirement for all STRs, defined as units available for fewer than 30 consecutive days.
The registration portal opened May 1, 2026. All operators must register and display their registration number in all advertisements, and must designate a local contact person. The registration deadline is July 31, 2026. Beginning August 1, 2026, unregistered operators face a $75 fine, and booking platforms including Airbnb and VRBO will be prohibited from processing payments for unregistered listings.
There is no owner-occupancy or primary-residence requirement, no cap on total rental nights per year, and no minimum stay requirement. The ordinance explicitly legalizes STRs in all residential and some commercial zones, resolving prior ambiguity in Title 21. The room tax is 12% on stays under 30 days (AMC Chapter 12.20); Airbnb remits this automatically, but hosts on other platforms or taking direct bookings must register separately with Treasury and file quarterly. A proposed 5% additional STR-specific tax was voted down at the same December 2025 session. Assembly members have signaled potential future restrictions (caps, fees, owner-occupancy rules) may follow once the registry provides baseline data.
Market Comparison
Anchorage’s 52.4% occupancy in April 2026 is broadly in line with the national STR median of approximately 55%, though the summer peak months (73-74%) significantly outperform national norms. The $159.75 ADR is below the national median of approximately $220, reflecting the proportion of value-oriented summer adventure travelers in the visitor mix.
The market score of 80.91 is competitive nationally, led by rental demand (83.61) and revenue growth (84.98). Anchorage draws 1.34 million visitors annually, generating over $1.09 billion in direct visitor spending, which provides a substantial and stable demand base.
Vacasa leads the professional management market with 115 listings and 7,836 reviews at a 4.41 rating. Evolve follows with 100 listings and 4,754 reviews at a 4.71 rating. Casa Rentals operates 73 listings with a 4.86 rating. Akstay has 38 listings with a 4.85 rating and 3,774 reviews. Northern Stay Alaska rounds out the top 5 with 35 listings and a 4.43 rating. The top two operators together manage 215 listings, approximately 4.6% of the market.
Frequently Asked Questions About Anchorage, Alaska
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