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City · 8,689 residents · Matanuska-Susitna Borough, Alaska

Meadow Lakes , Alaska

In Meadow Lakes, a typical home is worth $323,100 and typical rent is $1,377 a month. Compared with all of Matanuska-Susitna Borough, typical household income is 13% lower and the typical home value is 7% lower.

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  • Typical home value

    $323,100

    7% below the borough

    8% below Alaska

    • Meadow Lakes
    • Matanuska-Susitna
    • Alaska

  • Typical rent

    $1,377a month

    6% above the borough

    3% below Alaska

    • Meadow Lakes
    • Matanuska-Susitna
    • Alaska

  • Typical household income

    $81,699a year

    13% below the borough

    12% below Alaska

    • Meadow Lakes
    • Matanuska-Susitna
    • Alaska

  • Households that own their home

    78%

    About the same as the borough

    11 points above Alaska

    • Meadow Lakes
    • Matanuska-Susitna
    • Alaska

Source: U.S. Census Bureau, Average 2020–2024

Meadow Lakes is in Matanuska-Susitna Borough. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Matanuska-Susitna Borough. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Meadow Lakes apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Wasilla, the typical rent is $1,153: 16% less than in Meadow Lakes ($1,377).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Meadow Lakes

What homes there are in Meadow Lakes, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Meadow Lakes, 9 in 10 homes are single-family detached houses; in Matanuska-Susitna Borough, 8.

Year built

The typical year built in Meadow Lakes is 2000, about the same as in Matanuska-Susitna Borough (1997).

In Meadow Lakes, 59% of homes have 3 bedrooms or more, about the same as in Matanuska-Susitna Borough.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Matanuska-Susitna Borough is $541,287, and about 90% of owner-occupied homes in Meadow Lakes are worth less than that.

Monthly rent with utilities

With a mortgage

$2,026 a month

Matanuska-Susitna Borough: $2,112 a month

Without a mortgage

$580 a month

Matanuska-Susitna Borough: $615 a month

Owners with a mortgage

64%

Matanuska-Susitna Borough: 67%

Owning costs about the same in Meadow Lakes as in Matanuska-Susitna Borough: with a mortgage, $2,026 a month; without one, $580.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Meadow Lakes rose at about the same pace as in Matanuska-Susitna Borough: 39% against 39%.

Since 2015–2019, the typical rent in Meadow Lakes rose 40%, more than in Matanuska-Susitna Borough (15%).

The typical household income in Meadow Lakes rose 19%: less than home values (+39%) and rent (+40%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMeadow LakesMatanuska-Susitna BoroughAlaskaUnited States
Rental vacancy Unreliable estimate3.9%7.0%5.5%
Homeowner vacancy Unreliable estimate0.6%0.9%0.9%
More than one person per room 8.8%5.2%5.7%3.4%
People per household 2.782.772.612.53
Drive alone 68%71%65%69%
Carpool 12%10%12%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%8%3%
Work from home 13%12%10%15%
Other means 6%5%4%2%
Typical commute 20 to 29 minutes20 to 29 minutes10 to 19 minutes20 to 29 minutes

More than one person per room: that is how 8.8% of households in Meadow Lakes live, more than in Matanuska-Susitna Borough (5.2%).

A household in Meadow Lakes has 2.78 people on average, about the same as in Matanuska-Susitna Borough (2.77).

In Meadow Lakes, 68% of workers drive alone to work; in Matanuska-Susitna Borough, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Meadow Lakes?

A typical home costs more than the typical income allows

We start with a typical home in Meadow Lakes, worth $323,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Meadow Lakes, which is $81,699 a year. For that payment to be 28% of income, a household would need to earn about $116,578 a year.

The calculator's FHA and conventional loan limits are those of all of Matanuska-Susitna Borough.

Your numbers

Local data
$

Starts at the typical home value in Meadow Lakes. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,309 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,720

at 7.18% · 30 years

Loan amount
$317,247
Total interest
$456,444
Paid off in
November 2056

Includes $5,456 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,906 a month

  • Tight

    $1,906 to $2,451 a month

  • Hard

    more than $2,451 a month

    Your payment · 40%

Compared with the typical household income in Meadow Lakes ($81,699 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,720
Principal & interest$2,149
Property tax$294
Home insurance$135
FHA mortgage insurance (MIP)$143

You need at least $11,309 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Meadow Lakes and Matanuska-Susitna Borough

Meadow Lakes is in Matanuska-Susitna Borough, Alaska. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Meadow Lakes's own numbers

Typical home value
$323,100
Typical monthly rent
$1,377
Typical yearly household income
$81,699
Households that own their home
78%
Effective property tax rate
1.09%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Matanuska-Susitna Borough

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$1,293
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Matanuska-Susitna Borough.

Everything about Matanuska-Susitna Borough

Buying

Buying a home in Meadow Lakes

A typical home in Meadow Lakes is worth $323,100: 7% below the borough and 8% below Alaska. With the typical household income in Meadow Lakes ($81,699 a year), a typical home costs 4.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Meadow Lakes 4.0 years
  • Matanuska-Susitna 3.7 years
  • Alaska 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Matanuska-Susitna Borough

According to FHFA’s house price index, home prices in Matanuska-Susitna Borough rose 71% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Matanuska-Susitna Borough.

Period Borough Alaska U.S.
Last year (2025) +5.3% +4.1% +2.9%
5 years (2020–2025) +50% +39% +47%
10 years (2015–2025) +71% +52% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Meadow Lakes next to Matanuska-Susitna Borough, Alaska and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Meadow Lakes $323,100
  • Matanuska-Susitna $346,600
  • Alaska $352,900
  • United States $332,700
Typical monthly rent
  • Meadow Lakes $1,377
  • Matanuska-Susitna $1,299
  • Alaska $1,419
  • United States $1,413
Typical yearly household income
  • Meadow Lakes $81,699
  • Matanuska-Susitna $94,031
  • Alaska $92,788
  • United States $80,734
See the full table
Meadow Lakes next to Matanuska-Susitna Borough and Alaska
Measure Meadow Lakes Matanuska-Susitna Borough Alaska U.S.
Typical home value $323,100 $346,600 $352,900 $332,700
Typical monthly rent $1,377 $1,299 $1,419 $1,413
Typical yearly household income $81,699 $94,031 $92,788 $80,734
Households that own their home 78% 77% 67% 65%
Typical yearly property tax $3,523 $3,685 $3,901 $3,119
Effective property tax rate 1.09% 1.06% 1.11% 0.94%
Renters with high rent for their income 53% 53% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Matanuska-Susitna Borough. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Meadow Lakes

For a typical $323,100 home in Meadow Lakes, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Meadow Lakes's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,720a month

    Least cash to close
    Down payment
    $11,309
    Cash to close
    $21,002
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $143

  • Conventional, 5% down $2,661a month

    Down payment
    $16,155
    Cash to close
    $25,848
    Rate
    7.18%
    Mortgage insurance
    PMI · $153

  • Conventional, 20% down, no PMI $2,179a month

    Down payment
    $64,620
    Cash to close
    $74,313
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,478a month

    Down payment
    $48,465
    Cash to close
    $58,158
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Meadow Lakes and for Matanuska-Susitna Borough.

Property tax

Effective rate in Meadow Lakes

1.09%of the home’s value each year

$3,523 a year for the typical owner in Meadow Lakes.

  • Meadow Lakes 1.09%
  • Matanuska-Susitna 1.06%
  • Alaska 1.11%

What Alaska publishes Optional municipal residential exemption (Alaska State Legislature (Alaska Statutes 2025))

Exemptions and deadlines in Alaska

Flood risk in Matanuska-Susitna Borough

FEMA does not publish these numbers by city: they are for all of Matanuska-Susitna Borough.

Homes in the high-risk zone
1.2%
532
Of those, with NFIP insurance
23%
Borough Alaska U.S.
Homes in the high-risk zone 1.2% 1.2% 3.5%
Of those, with NFIP insurance 23% 49% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Meadow Lakes

Typical rent in Meadow Lakes is $1,377 a month: 6% above the borough. In Meadow Lakes, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Matanuska-Susitna Borough, by unit size. To pay the 2-bedroom one ($1,293 a month) without spending more than 30% of your income, you would need to earn $24.87 an hour working full time.

HUD fair market rent for all of Matanuska-Susitna Borough

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $929 $17.87 $37,160
1 bedroom $988 $19.00 $39,520
2 bedrooms $1,293 $24.87 $51,720
3 bedrooms $1,790 $34.42 $71,600
4 bedrooms $2,161 $41.56 $86,440

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Meadow Lakes

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Meadow Lakes has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,240 in 99688 to $1,510 in 99623.

1 of the 3 is above the fair market rent for Matanuska-Susitna Borough ($1,293).

  • 99623 $1,510$2,090
  • 99654 $1,260$1,740
  • 99688 $1,240$1,730

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Meadow Lakes when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Meadow Lakes

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Matanuska-Susitna Borough. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Meadow Lakes

No down payment, repair or rent-help program on our list is for Meadow Lakes or Matanuska-Susitna Borough. The ones below are statewide in Alaska: they work in Meadow Lakes the same as in the rest of the state.

Which programs do I qualify for? All programs in Alaska

  • Closing Cost Assistance Program (CCAP)

    Statewide in Alaska

    Alaska state authority help of 3% or 4% of the loan, paid at closing and not repaid, for the down payment, closing costs or to reduce the principal; with 30-year fixed-rate FHA, VA or USDA mortgages. Offered by Alaska Housing Finance Corporation (AHFC).

    Grant

    See the program Official page

Housing counselors near Meadow Lakes

The HUD-approved agencies closest to the center of Meadow Lakes, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Rural Alaska Community Action Program

    130 E Redoubt Ave, Soldotna · 93 miles away

    • Budget and credit workshops
    • Home improvement and repairs
    • and 1 more
    (907) 260-3451

All counseling agencies in Alaska

Help in Spanish near Meadow Lakes

None of the 1 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Meadow Lakes

HUD lists no housing authority with an office in Matanuska-Susitna Borough. One in a neighboring county or the state’s may serve the area.

All housing agencies in Alaska Source: HUD

Cities

Other cities in Matanuska-Susitna Borough

These cities are also in Matanuska-Susitna Borough. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Matanuska-Susitna Borough Housing in Alaska

Nearby cities

The cities closest to Meadow Lakes, with the typical home value.

Neighboring counties

If Matanuska-Susitna Borough is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Meadow Lakes.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Meadow Lakes

Short answers with the numbers for Meadow Lakes and all of Matanuska-Susitna Borough. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Meadow Lakes?

The typical home value in Meadow Lakes is $323,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Matanuska-Susitna Borough it is $346,600.

How much does it cost to rent in Meadow Lakes?

Typical rent in Meadow Lakes is $1,377 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Matanuska-Susitna Borough is $1,293.

What is the FHA loan limit in Meadow Lakes?

Meadow Lakes uses the FHA limit for all of Matanuska-Susitna Borough (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Meadow Lakes?

The typical homeowner in Meadow Lakes pays $3,523 a year, according to the U.S. Census Bureau. That is 1.09% of the home’s value; in Matanuska-Susitna Borough, the rate is 1.06%.

Where can I find free help to buy or rent in Meadow Lakes?

We found no HUD-approved counseling agencies with an office in Matanuska-Susitna Borough; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).