City · 9,720 residents · Matanuska-Susitna Borough, Alaska
Wasilla, Alaska
In Wasilla, a typical home is worth $358,400 and typical rent is $1,153 a month. Compared with all of Matanuska-Susitna Borough, typical household income is 28% lower, typical rent is 11% lower, and the share of households that own their home is 29 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $340,846 to $423,044.
Typical rent
$1,843a month
▲ 2.8% more than 12 months ago
Typical rent from Zillow, June 2023 to September 2026: from $1,605 to $1,843.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wasilla 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
What this place has that others do not, from public data, most unusual first.
1
Wasilla has the lowest typical household income of the 21 cities in Alaska with more than 5,000 people: $67,234.
2
Wasilla has the largest share of rent-burdened renters of the 18 cities in Alaska with more than 5,000 people: 65%.
3
48% of households in Wasilla own their home, against 77% in Matanuska-Susitna Borough.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Wasilla
What homes there are in Wasilla, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Kind of home: Wasilla and its comparisons
Measure
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Detached house
48%
83%
63%
61%
Attached house
4%
2%
8%
6%
Building of 2 to 4
24%
7%
12%
8%
Apartments (5 or more)
22%
5%
12%
19%
Mobile home
Unreliable estimate
3%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Wasilla there is a bit of everything: no kind of home reaches half. The most common are detached houses (48%); in Matanuska-Susitna Borough, 83%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Year built: Wasilla and its comparisons
Measure
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Before 1960
Unreliable estimate
3%
8%
26%
1960–1979
16%
15%
29%
24%
1980–1999
43%
37%
37%
25%
2000–2009
18%
27%
16%
14%
2010 or later
18%
19%
10%
11%
Homes in Wasilla are older: the typical year built is 1993; in Matanuska-Susitna Borough, 1997.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K23%
$300K–$500K42%
$500K–$750K23%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Wasilla and its comparisons
Measure
Wasilla
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
23%
$300K–$500K
42%
$500K–$750K
23%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99926%
$1,000–$1,49938%
$1,500–$1,99918%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wasilla and its comparisons
Measure
Wasilla
Under $500
Unreliable estimate
$500–$999
26%
$1,000–$1,499
38%
$1,500–$1,999
18%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,170 a month
Matanuska-Susitna Borough: $2,112 a month
Without a mortgage
$734 a month
Matanuska-Susitna Borough: $615 a month
Owners with a mortgage
73%
Matanuska-Susitna Borough: 67%
Owning costs about the same in Wasilla as in Matanuska-Susitna Borough: with a mortgage, $2,170 a month; without one, $734.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wasilla+47%
Matanuska-Susitna Borough+39%
Alaska+31%
United States+53%
Typical rent
WasillaNo clear change
Matanuska-Susitna Borough+15%
Alaska+14%
United States+33%
Typical household income
WasillaNo clear change
Matanuska-Susitna Borough+25%
Alaska+20%
United States+29%
Change since 2015–2019: Wasilla and its comparisons
Measure
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Typical home value
+47%
+39%
+31%
+53%
Typical rent
No clear change
+15%
+14%
+33%
Typical household income
No clear change
+25%
+20%
+29%
The typical home value in Wasilla rose 47% since 2015–2019, more than in Matanuska-Susitna Borough (39%).
The typical rent in Wasilla stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wasilla and its comparisons
Measure
Wasilla
Matanuska-Susitna Borough
Alaska
United States
Rental vacancy
Unreliable estimate
3.9%
7.0%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.9%
0.9%
More than one person per room
Unreliable estimate
5.2%
5.7%
3.4%
People per household
2.29
2.77
2.61
2.53
Drive alone
73%
71%
65%
69%
Carpool
8%
10%
12%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
8%
3%
Work from home
8%
12%
10%
15%
Other means
9%
5%
4%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
10 to 19 minutes
20 to 29 minutes
Households in Wasilla are smaller: 2.29 people on average; in Matanuska-Susitna Borough, 2.77.
To get to work, 73% of workers in Wasilla drive alone; in Matanuska-Susitna Borough, 71%.
Do the math
What would you pay each month for a home in Wasilla?
A typical home costs more than the typical income allows
We start with a typical home in Wasilla, worth $358,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Wasilla, which is $67,234 a year. For that payment to be 28% of income, a household would need to earn about $127,779 a year.
The calculator's FHA and conventional loan limits are those of all of Matanuska-Susitna Borough.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wasilla. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $12,544 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,981
at 7.18% · 30 years
Loan amount
$351,908
Total interest
$506,314
Paid off in
November 2056
Includes $6,052 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,569 a month
Tight
$1,569 to $2,017 a month
Hard
more than $2,017 a month
Your payment · 53%
Compared with the typical household income in Wasilla ($67,234 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,384
Property tax
$290
Home insurance
$149
FHA mortgage insurance (MIP)
$159
You need at least $12,544 for the down payment, plus closing costs.
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.
Total monthly payment $2,981; principal and interest $2,384.
The city and its county
Wasilla and Matanuska-Susitna Borough
Wasilla 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).
Map of Matanuska-Susitna Borough, Alaska, with Wasilla marked. Around it, the neighboring counties.
Matanuska-Susitna Borough
Wasilla's own numbers
Typical home value
$358,400
Typical monthly rent
$1,153
Typical yearly household income
$67,234
Households that own their home
48%
Effective property tax rate
0.97%
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.
A typical home in Wasilla is worth $358,400: 3% above the borough and about the same as Alaska. With the typical household income in Wasilla ($67,234 a year), a typical home costs 5.3 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.
Wasilla5.3 years
Matanuska-Susitna3.7 years
Alaska3.8 years
United States4.1 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.
Yearly change in FHFA’s price index in Matanuska-Susitna Borough, 2016 to 2025
2016: +3.1% +3.1% 2016
2017: +3.8% +3.8% 2017
2018: +0.0% +0.0% 2018
2019: +2.6% +2.6% 2019
2020: +3.9% +3.9% 2020
2021: +8.9% +8.9% 2021
2022: +15.2% +15.2% 2022
2023: +7.9% +7.9% 2023
2024: +5.2% +5.2% 2024
2025: +5.3% +5.3% 2025
Change in FHFA’s price index in Matanuska-Susitna Borough, Alaska and the United States
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
Wasilla 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
Wasilla$358,400
Matanuska-Susitna$346,600
Alaska$352,900
United States$332,700
Typical monthly rent
Wasilla$1,153
Matanuska-Susitna$1,299
Alaska$1,419
United States$1,413
Typical yearly household income
Wasilla$67,234
Matanuska-Susitna$94,031
Alaska$92,788
United States$80,734
See the full table
Wasilla next to Matanuska-Susitna Borough and Alaska
Measure
Wasilla
Matanuska-Susitna Borough
Alaska
U.S.
Typical home value
$358,400 ▲3% above the borough
$346,600
$352,900
$332,700
Typical monthly rent
$1,153 ▼11% below the borough
$1,299
$1,419
$1,413
Typical yearly household income
$67,234 ▼28% below the borough
$94,031
$92,788
$80,734
Households that own their home
48% ▼29 points below the borough
77%
67%
65%
Typical yearly property tax
$3,466 ▼6% below the borough
$3,685
$3,901
$3,119
Effective property tax rate
0.97% ▼0.09 points below the borough
1.06%
1.11%
0.94%
Renters with high rent for their income
65% ▲12 points above the borough
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 Wasilla
For a typical $358,400 home in Wasilla, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wasilla's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,982a month
Least cash to close
Down payment
$12,544
Cash to close
$23,296
Rate
7.18%
Mortgage insurance
FHA MIP · $159
Conventional, 5% down$2,916a month
Down payment
$17,920
Cash to close
$28,672
Rate
7.18%
Mortgage insurance
PMI · $170
Conventional, 20% down, no PMI$2,381a month
Down payment
$71,680
Cash to close
$82,432
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,713a month
Down payment
$53,760
Cash to close
$64,512
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wasilla
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,982
$12,544
$351,908
7.18%
FHA MIP · $159
$23,296
580
Conventional, 5% down
$2,916
$17,920
$340,480
7.18%
PMI · $170
$28,672
620*
Conventional, 20% down, no PMI
$2,381
$71,680
$286,720
7.18%
None
$82,432
620*
ITIN, 15% down (example)
$2,713
$53,760
$304,640
8.18%
None
$64,512
Set by the lender
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.
Typical rent in Wasilla is $1,153 a month: 11% below the borough. In Wasilla, 65% 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.
HUD fair market rent in Matanuska-Susitna Borough (Fiscal year 2027)
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 Wasilla
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wasilla is in ZIP code 99654.
For 2 bedrooms it is $1,260: $33 less than the fair market rent for Matanuska-Susitna Borough ($1,293).
Fair market rent by ZIP code and size in Wasilla, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
99654
$920
$960
$1,260
$1,740
$2,110
ZIP code2 bd3 bd
99654 $1,260$1,740
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wasilla 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 21 buildings with rents for lower incomes in Wasilla. These are the largest.
Ridgecrest199 E Kalli Cir, Wasilla 9965440 low-income homes · 1 bd: 8 · 2 bd: 16 · 3 bd: 13 · 4 bd: 3 · In service since 2002
Yenlo Square402 N Yenlo St, Wasilla 9965434 low-income homes · 1 bd: 27 · 2 bd: 7 · In service since 2008 · For people with disabilities, families, people experiencing homelessness
Birches I251 E Kalli Cir, Wasilla 9965432 low-income homes · 1 bd: 23 · 2 bd: 9 · In service since 2002
Wasilla1201 S Century Cir, Wasilla 9965432 low-income homes · Run by Alaska Housing Finance Corporation · Average payment: $499 a month(907) 330-8432
Chinook Villa1200 S Century Cir, Wasilla 9965432 homes, 31 low-income · 1 bd: 32 · In service since 1993
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.
No down payment, repair or rent-help program on our list is for Wasilla or Matanuska-Susitna Borough. The ones below are statewide in Alaska: they work in Wasilla the same as in the rest of the state.
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).
No legal help resource on our list is for Wasilla or Matanuska-Susitna Borough in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
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.
Short answers with the numbers for Wasilla 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 Wasilla?
The typical home value in Wasilla is $358,400, 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 Wasilla?
Typical rent in Wasilla is $1,153 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 Wasilla?
Wasilla 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 Wasilla?
The typical homeowner in Wasilla pays $3,466 a year, according to the U.S. Census Bureau. That is 0.97% 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 Wasilla?
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.
