Anchorage Homes under $500,000

Anchorage Homes under $500,000

Welcome to Anchorage, Alaska, a vibrant city that beautifully marries stunning natural landscapes with a rich tapestry of urban life. Nestled between the breathtaking Chugach Mountains and the serene waters of Cook Inlet, Anchorage is not just Alaska's largest city; it's a gateway to adventure and a hub of culture. With its unique blend of outdoor activities, art, and history, Anchorage offers residents an unparalleled lifestyle.

One of the most appealing aspects of Anchorage is its diverse real estate market, particularly for those looking for homes under $500,000. Here, you can find charming single-family homes, cozy townhouses, and even modern condos that provide a perfect balance of comfort and affordability. The city's neighborhoods, each with its own character, offer options for every taste—from the bustling downtown area, where you can enjoy trendy cafes and local shops, to the peaceful suburbs, perfect for families seeking a quiet retreat.

Living in Anchorage means you're never far from adventure. Enjoy hiking the scenic trails, fishing in pristine lakes, or simply marveling at the majestic wildlife that calls this region home. The city's community spirit is palpable, with local events and festivals celebrating everything from the arts to the great outdoors.

In Anchorage, you’ll find not just a home, but a lifestyle that embraces the beauty of nature while enjoying the conveniences of city living. Explore your options today and discover why Anchorage is the perfect place to call home!

Newest Anchorage Homes under $500,000

7016 Cape Lisburne Loop, Anchorage
$387,000
3 Beds ⋅ 2 Baths ⋅ 26-13513 MLS
Welcome to this spacious 1,780 sqft townhome, ideally situated on a generous 4,287 sqft lot in a convenient central location. Featuring 3 bedrooms and 2 bathrooms, this home offers a comfortable and functional floorplan with plenty of room to live, relax, and entertain. Fresh paint and new carpet throughout provide a clean, refreshed feel. Enjoy cozy evenings by the fireplace, abundant natural light with a desirable west-facing orientation, and a covered balcony perfect for outdoor enjoyment. A 2-car garage offers convenient parking and additional storage. Ideally located near shopping, dining, entertainment, and everyday conveniences, this townhome offers the perfect combination of comfort, style, and location.

7016 Cape Lisburne Loop, Anchorage

Listing Office Redfin
3803 Greenland Drive, Anchorage
$250,000
3 Beds ⋅ 1 Baths ⋅ 26-13468 MLS
Value is in the lot. Lots of new construction in the area.

3803 Greenland Drive, Anchorage

Listing Office Great Land
4842 Mills Drive Unit #76, Anchorage
$210,000
1 Beds ⋅ 1 Baths ⋅ 26-13466 MLS
What's not to love with this condo?? Low dues & it's located between the trees & trail system. Steps from the paved Chester Creek Trail, wooded APU trails and University Lake. Gorgeous unit with updated LVP flooring, huge bedrm & a private washer/dryer. Detached 1 car private gar and plenty of guest parking. Large shared common deck. HOA has garden plots and RV/storage as well. A MUST SEE!!

4842 Mills Drive Unit #76, Anchorage

Listing Office Coldwell Banker Endeavor Realty
310 E 11th Avenue Unit #313, Anchorage
$235,000
2 Beds ⋅ 2 Baths ⋅ 26-13462 MLS
This inviting residence offers a stylish blend of comfort and convenience, featuring thoughtful updates throughout and a functional floor plan designed for easy living. The spacious living area is filled with natural light and opens to a private balcony, creating the perfect space to relax or entertain. The updated kitchen offers ample cabinet and counter space, while the adjoining dining area s everyday meals and gatherings effortless. The generous primary bedroom provides a peaceful retreat, complemented by a convenient half bath. A second bedroom offers flexibility for guests, a home office, or hobby space. Updated finishes and modern touches throughout give the home a fresh, move-in-ready feel. Located in the Cordova Square complex, residents enjoy locked building access, elevator, dedicated garage parking space, roof top decks and the convenience of being just minutes from downtown restaurants, shopping, parks and trails.

310 E 11th Avenue Unit #313, Anchorage

Listing Office Herrington and Company, LLC
310 E 11th Avenue Unit #119, Anchorage
$159,900
1 Beds ⋅ 1 Baths ⋅ 26-13459 MLS
Check out this 1 bed, 1 bath condo located at Cordova Square. All ready for the new owner to put their own style into this condo! Stacked washer and dryer in the condo. Large closets along with main bldg storage closet. Elevator, secure entrance. Dedicated parking space in the parking lot. Rooftop deck with seating area and grill! Watch the Rondy sled dogs & New Year's fireworks from the rooftop!

310 E 11th Avenue Unit #119, Anchorage

Listing Office Herrington and Company, LLC
9309 Jewel Lake Road Unit 203, Anchorage
$268,000
2 Beds ⋅ 2 Baths ⋅ 26-13439 MLS
Perched on the top floor at Dimond Place Condominiums, 9309 Jewel Lake Road, Unit 203 has been cared for and thoughtfully updated through the years, and it shows the moment you walk in. Vaulted ceilings open the space up and fill it with an airy, spacious feel, and with no neighbors overhead, mornings are quiet and the home feels calm and settled. Plush carpet adds warmth underfoot, and stainless steel appliances give the kitchen a clean, modern finish. The tile surround fireplace anchors the living area and sets the scene for cozy Alaska evenings, whether its a snowy night in or a slow weekend morning with coffee. Alaska winters are easier here, too. Underground parking means no scraping windshields on frigid mornings, with additional exterior parking available. A personal storage "shed" in the garage keeps seasonal gear, tools, and totes neatly out of your living space. The location makes everyday life simple. Groceries are just minutes away for quick weeknight hauls, Campbell Lake is nearby for an evening stroll, and the airport is a quick uber ride, ideal for travel days. Comfortable, convenient, and well kept, this is a home that lets you settle in and enjoy Anchorage. Schedule your showing today! Features you'll love: - Hot Water Heater (2023) - Replaced all interior switch plates and outlet plates - Plenty of interior storage - Stainless steel oven with stainless steel hood vent - Primary Bedroom has plenty of open floor space for easy movement - Secondary Bedroom has vaulted tongue and groove ceiling - Primary en-suite and secondary bathroom feature tiled showers

9309 Jewel Lake Road Unit 203, Anchorage

Listing Office Tanner Group Premier Real Estate
2201 Romig Place Unit 201, Anchorage
$150,000
1 Beds ⋅ 1 Baths ⋅ 26-13414 MLS
Beautiful 1 bed condo in great location! Close to downtown, schools, and trails! Recently updated throughout including new carpet! Close to popular restaurant locations. This second story unit has a private balcony off of the bedroom and a large window to allow sunlight into the homes living space! Whether this is your first home or a secondary residence this is worth a look!

2201 Romig Place Unit 201, Anchorage

Listing Office Real Broker - MLSAK.com
7620 Boundary Avenue, Anchorage
$285,000
3 Beds ⋅ 2 Baths ⋅ 26-13409 MLS
End unit townhome in American Meadows with 3 beds, 2 baths, a 2 car garage, & only one shared wall! South- and west-facing windows fill the open upper level with natural light. Enjoy vaulted ceilings, radiant in-floor heat, updated lighting, and an upstairs owner's suite with walk-in closet and private 3/4 bath. Two bedrooms and a full bath downstairs. Easy Glenn Hwy access to downtown & JBER!

7620 Boundary Avenue, Anchorage

Listing Office Ferris Group LLC
8101 Peck Avenue Unit C24, Anchorage
$230,000
2 Beds ⋅ 2 Baths ⋅ 26-13405 MLS
8101 Peck Avenue, Unit C24 is a 990 sq. ft., tri-level townhome in East Anchorage with a practical layout and plenty of storage. On the Main level, you'll find the Living room with a cozy wood-burning fireplace, kitchen, half bath, and access to your private deck. The kitchen offers a breakfast bar for bar-height stool seating, or you can use the dining area space to easily fit a 4-seat dining table. Storage on this level includes a kitchen pantry and a second modified closet with built-in shelving. Best of all, laundry is on this main living level, so you don't have to haul hampers down to the garage. The top floor has two bedrooms, a full bath, and a linen closet. On the Ground floor, this townhouse features an attached heated garage with extra storage space in the boiler room plus a deep storage area under the stairs. HOA dues are $340/month and cover water, sewer, refuse, snow removal, groundskeeping, and exterior maintenance. Convenient location with quick access to JBER, Muldoon, and the Glenn Highway.

8101 Peck Avenue Unit C24, Anchorage

Listing Office RE/MAX Dynamic Properties
221 E 7th Avenue Unit #113, Anchorage
$264,500
2 Beds ⋅ 2 Baths ⋅ 26-13404 MLS
Whether you're searching for a low-maintenance primary residence, a convenient downtown retreat, this desirable corner unit provides added privacy and abundant natural light, while the convenient downtown setting places you just minutes from restaurants, shopping, parks. Refreshed with new interior paint and new flooring in the kitchen and bathrooms, its move in ready. 1 designated parking space.

221 E 7th Avenue Unit #113, Anchorage

Listing Office Keller Williams Realty Alaska Group
2431 Highgate Circle, Anchorage
$460,000
3 Beds ⋅ 2 Baths ⋅ 26-13398 MLS
Super cute little house with tall ceilings in the living room and cozy fireplace. Master bedroom in the main floor with Kitchen, washer and dryer and half bathroom downstairs. Two more bedrooms upstairs and full bathroom. Nice fenced yard with sauna , storage shed and a nice deck. Two car heated garage. Newer roof and newer windows. Great location in a quiet culdecac. No HOA.

2431 Highgate Circle, Anchorage

Listing Office RE/MAX Dynamic Properties
7558 Foxridge Way Unit #6-H, Anchorage
$215,000
2 Beds ⋅ 2 Baths ⋅ 26-13388 MLS
Top-floor condo with an updated kitchen featuring stainless steel appliances, updated bathrooms,updated lighting and updated flooring--ready for its new owner! A functional floor plan makes everyday living easy, while the fireplace adds a cozy touch to the living area. Enjoy the enclosed balcony and the convenience of one dedicated garage parking space.

7558 Foxridge Way Unit #6-H, Anchorage

Listing Office RMG Real Estate
Start Your Search
board logo

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Fiorelli Real Estate are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing last updated:

How much is your home worth?

Get instant property value now!