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Advertise here →South Lakes, AK · Market Data
South Lakes, Alaska real estate market data.
Real estate market data for South Lakes, AK (Matanuska-Susitna Borough) — Census median home value $367,700, county listing prices up about 5.3% over the past year.
South Lakes, AK is in Matanuska-Susitna Borough, Alaska — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 6,132, with a median household income of $89,632. Census data puts South Lakes's median home value at $367,700.
At a glance
South Lakes market snapshot
Population
6,132
Median Household Income
$89,632
Median Home Value (city)
$367,700
Median Gross Rent
$1,191/mo
Price Trend (YoY)
+5.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes South Lakes different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts South Lakes's median home value — across all owner-occupied homes, not just recent sales — at $367,700.
County Price Trend
Matanuska-Susitna Borough's FHFA house price index shows a 5.29% annual change in 2025.
Population & Income
South Lakes has an estimated population of 6,132 and a median household income of $89,632, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
South Lakes's Census-reported median home value works out to about 4.1x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
South Lakes FAQ
What are home values like in South Lakes, AK?
The Census Bureau's American Community Survey puts South Lakes's median home value at $367,700.
What is the population of South Lakes, AK?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts South Lakes's population at approximately 6,132.
What's the median rent in South Lakes, AK?
The Census ACS estimates median gross rent in South Lakes at approximately $1,191 per month.
What is the median household income in South Lakes, AK?
Census ACS data puts the median household income in South Lakes at approximately $89,632.
Is the South Lakes housing market growing?
Matanuska-Susitna Borough's FHFA house price index shows a 5.29% annual change in 2025.
Is South Lakes, AK affordable relative to income?
Census ACS data puts South Lakes's median home value at about 4.1 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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