Housing data for South Lakes, AK
South Lakes, AK has an estimated 6,180 residents and 2,302 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Matanuska-Susitna Borough.
29.0% of households rent.
The median gross rent is $1,178 a month.
Figures last updated on .
- Residents
- 6,180 (±578)
- Housing units
- 2,302 (±193)
- Households that rent
- 29.0%
- Median gross rent
- $1,178
What stands out in South Lakes
Homes in buildings of 5 or more units: 15.2% (±4.8 points) in South Lakes, higher than in Matanuska-Susitna Borough (5.0%).
Homes heated by fuel oil: 1.7% (±1.9 points) in South Lakes, lower than in Matanuska-Susitna Borough (12.1%).
Working from home: 7.4% (±3.1 points) in South Lakes, lower than in Matanuska-Susitna Borough (11.7%).
Households that rent: 29.0% (±5.6 points) in South Lakes, higher than in Matanuska-Susitna Borough (22.8%).
- Types of homes in South Lakes
- Heating fuel in South Lakes
- Commute and cars in South Lakes
- Renters and owners in South Lakes
Housing in South Lakes at a glance
- Median rent: $1,178 median gross rent a month
- Rent by bedrooms: $1,174 median gross rent, 2 bedrooms
- Rent burden: 56.2% of renters pay 30% or more of income
- Renters and owners: 29.0% of households rent
- Income and affordability: $98,141 median household income
- Home values: $377,500 median home value
- Homeowner costs: $2,257 median monthly cost with a mortgage
- Property taxes: $4,202 median real estate taxes a year
- Types of homes: 15.2% of homes are in buildings of 5 or more units
- Bedrooms: 73.5% of homes have 3 or more bedrooms
- Age of homes: 17.3% of homes were built before 1980
- Vacancy rate: 2.7% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 80.5% heat with utility gas
- Commute and cars: 27.8 minutes average trip to work
- How long people stay: 27.5% moved in since 2020
- Crowding and facilities: 4.8% of homes have more than 1 person per room
South Lakes against Matanuska-Susitna Borough, its state and the nation
| South Lakes | Matanuska-Susitna Borough | Alaska | United States | |
|---|---|---|---|---|
| Residents | 6,180 (±578) | 112,988 (exact) | 735,706 (exact) | 334,922,499 |
| Housing units | 2,302 (±193) | 51,170 (±110) | 328,491 (±442) | 143,775,355 |
| Households that rent | 29.0% (±5.6 points) | 22.8% (±1.2 points) | 33.2% (±0.7 points) | 34.8% |
| Median gross rent | $1,178 (±$79) | $1,299 (±$55) | $1,419 (±$23) | $1,413 |
| Median household income | $98,141 (±$12,124) | $94,031 (±$2,542) | $92,788 (±$1,232) | $80,734 |
| Median home value | $377,500 (±$22,018) | $346,600 (±$4,883) | $352,900 (±$3,735) | $332,700 |
| Median real estate taxes (a year) | $4,202 (±$648) | $3,685 (±$78) | $3,901 (±$70) | $3,119 |
| Built before 1980 | 17.3% (±5.4 points) | 17.7% (±1.0 points) | 36.9% (±0.7 points) | 49.7% |
| Average commute | 27.8 minutes (±2.8) | 34.8 minutes (±0.9) | 19.4 minutes (±0.3) | 26.4 minutes |
| Households with broadband | 96.3% (±2.0 points) | 93.2% (±0.7 points) | 91.9% (±0.4 points) | 91.0% |
| Median age of residents | 34.2 years (±2.9) | 36.7 years (±0.2) | 35.8 years (±0.1) | 38.9 years |
South Lakes covers 7.8 square miles of land, about 792 residents per square mile (Census Bureau Gazetteer).
Places near South Lakes
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| North Lakes | 2.1 mi | $1,441 | $357,600 | 21.6% |
| Gateway | 3.4 mi | $1,741 | $446,200 | 18.5% |
| Wasilla | 4.8 mi | $1,153 | $358,400 | 51.8% |
| Tanaina | 6.1 mi | $1,398 | $328,500 | 19.5% |
| Farm Loop | 6.2 mi | $1,991 | $431,300 | 11.7% |
| Palmer | 6.6 mi | $1,125 | $294,900 | 36.9% |
| Fishhook | 10.0 mi | $1,837 | $416,300 | 14.1% |
| Meadow Lakes | 10 mi | $1,377 | $323,100 | 22.4% |
Places in Alaska most like South Lakes
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| North Lakes | $1,441 | $357,600 | $101,679 | 21.6% |
| Palmer | $1,125 | $294,900 | $72,201 | 36.9% |
| Chena Ridge | $1,110 | $395,500 | $133,775 | 24.3% |
| Lazy Mountain | $980 | $352,800 | $101,667 | 17.4% |
| Sterling | $1,248 | $353,400 | $102,415 | 13.4% |
| Tanaina | $1,398 | $328,500 | $105,536 | 19.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Alaska.
HUD Fair Market Rent for South Lakes, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $929 | $988 | $1,293 | $1,790 | $2,161 |
HUD income limits for South Lakes, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $25,100 | $41,800 | $66,850 |
| 2 people | $28,650 | $47,750 | $76,400 |
| 3 people | $34,150 | $53,700 | $85,950 |
| 4 people | $41,250 | $59,650 | $95,450 |
| 5 people | $48,350 | $64,450 | $103,100 |
| 6 people | $55,450 | $69,200 | $110,750 |
| 7 people | $62,550 | $74,000 | $118,400 |
| 8 people | $69,650 | $78,750 | $126,000 |
These are the limits HUD sets for its housing programs in the Matanuska-Susitna Borough, AK HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $119,300.
A program can use its own limits; tax-credit and local programs often do.
South Lakes is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about South Lakes
What is the average rent in South Lakes, AK?
The Census Bureau publishes the median rather than the average: the median gross rent in South Lakes is $1,178 (±$79) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in South Lakes?
The median gross rent for a one-bedroom home in South Lakes, AK is $1,134 (±$83) a month (2020–2024 American Community Survey).
Are renters in South Lakes rent-burdened?
56.2% of renting households in South Lakes pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in South Lakes?
South Lakes has an estimated 611 (±143) renting households, 29.0% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in South Lakes?
The median household income in South Lakes is $98,141 (±$12,124) a year (2020–2024 American Community Survey).
What is the average home value in South Lakes, AK?
The Census Bureau publishes the median: $377,500 (±$22,018) for owner-occupied homes in South Lakes (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — South Lakes CDP, Alaska
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — South Lakes CDP, Alaska
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — South Lakes CDP, Alaska
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — South Lakes CDP, Alaska
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — South Lakes CDP, Alaska
- Total Population (B01003), 2015–2019 ACS 5-year estimates — South Lakes CDP, Alaska
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — South Lakes CDP, Alaska
- HUD Fair Market Rents, fiscal year 2027: Matanuska-Susitna Borough, AK HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Matanuska-Susitna Borough, AK HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for South Lakes CDP, Alaska (place:72135, in state:02).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .