11/23/2025
Check this out.
In 2005, by this date, 11/20/2005 in the Matanuska Susitna Valley:
1,416 houses were sold
$204,000 was the average price
517 of those sales, or 36 percent, were new construction
Median household income was $57,000
Mortgage rate was 5.9 percent
In 2025, by this same date in the Matanuska Susitna Valley:
1,538 houses were sold
$442,000 was the average price
309 of those sales, or 20 percent, were new construction
Median household income is $90,000
Mortgage rate is 6.2 percent
Inflation over that period has been about 80 percent. Median household income has risen only 59 percent. Average house prices have increased 117 percent.
That's the bite...
In order to keep up with house prices, the median household income would need to be $123,000, but it is only $90,000.
So what is the fix?