Meadow Lakes, AK housing market
Homes typically sell in 24 days, close to asking.
Home values, sales, trends and how Meadow Lakes compares with the towns next door — updated as new data is published.
Meadow Lakes at a glance
A balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Meadow Lakes rose 48% over the past 5 years, faster than across Alaska (39%). Last year prices rose 5%. Carrying the Census median home value forward with that index puts the typical Meadow Lakes home at roughly $512,000 today.
Show as a table
| Year | Change that year | Since 2000 | Alaska since 2000 |
|---|---|---|---|
| 2025 | +5% | +158% | +160% |
| 2024 | +4.4% | +146% | +150% |
| 2023 | +8.5% | +135% | +139% |
| 2022 | +15% | +117% | +124% |
| 2021 | +8.5% | +89% | +99% |
| 2020 | +4.7% | +74% | +87% |
| 2019 | +2.4% | +67% | +83% |
| 2018 | −0.5% | +63% | +79% |
| 2017 | +4.5% | +64% | +76% |
| 2016 | +3.4% | +57% | +74% |
| 2015 | +4.4% | +51% | +71% |
| 2014 | −0.6% | +45% | +66% |
| 2013 | +2.7% | +46% | +62% |
| 2012 | −1.2% | +42% | +58% |
| 2011 | 0% | +44% | +57% |
| 2010 | −1.4% | +44% | +57% |
| 2009 | −1.6% | +46% | +57% |
| 2008 | +0.2% | +48% | +59% |
| 2007 | +1.7% | +48% | +60% |
| 2006 | +7.8% | +45% | +55% |
| 2005 | +10% | +35% | +41% |
| 2004 | +11% | +22% | +25% |
| 2003 | +2.7% | +9.9% | +13% |
| 2002 | +3.7% | +7% | +9.5% |
| 2001 | +3.2% | +3.2% | +4.8% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 99623, 99654, 99688, 99652, covering 81% of Meadow Lakes’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Meadow Lakes and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Meadow Lakes | — | +5%† | $1,480 | — | $81,699 |
| Knik-Fairview | — | +4.8%† | $1,470 | — | $96,437 |
| Willow | $259K | −1.3% | $1,310 | — | $89,000 |
| Tanaina | — | +3.8%† | $1,350 | — | $105,536 |
| Wasilla | $425K | +7.1% | $1,360 | 64 | $67,234 |
| Houston | — | — | $1,270 | 3 | $73,015 |
| Big Lake | — | — | $1,250 | — | $81,406 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Meadow Lakes home costs about 4 years of the town's median household income, less than across Alaska (4.3 years).
How Meadow Lakes ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,480
HUD's Fair Market Rent for a two-bedroom in Meadow Lakes is $1,480 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Meadow Lakes pay a median of $1,377. A two-bedroom takes about 22% of the town's median household income.
Studio $1,090 · 4 bedrooms $2,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99623, 99652, 99654, 99688; Matanuska-Susitna Borough, AK HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.