Survey: Rental prices up, vacancy rates down in Alaska

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ANCHORAGE, Alaska (AP) — Rental rates across Alaska have risen during the pandemic, and it’s more difficult to find an apartment, a new study indicates.

The Alaska Department of Labor and Workforce Development survey shows a median adjusted rent for all unit types in Alaska at $1,179 a month in 2021, a 2% increase from spring 2020, Alaska Public Media reported Monday.

Sitka had the highest rental rate at $1,323, the survey shows, while Wrangell and Petersburg were lowest at $950. In Anchorage, the state’s largest city, the rent was $1,172, or a 2.8% increase over 2020.

The largest increase came in Ketchikan, where the average rent rose nearly 10% to $1,230 this

→ Continue reading at Anchorage Press

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