What is the median home value in South Lakes, AK?

Name: Home values in South Lakes, AK, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in South Lakes, AK is $377,500 (±$22,018), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

Figures last updated on November 12, 2026.

Median home value: $377,500 (±$22,018)
Owner-occupied homes: 1,497 (±154)
Most common range: $300,000 to $499,999

Home values in South Lakes

Owner-occupied homes by value, 2020–2024
Value	South Lakes	Matanuska-Susitna Borough	Alaska	United States
Less than $50,000	2.4% (±2.0 points)	3.2%	5.7%	5.3%
$50,000 to $99,999	0.7% (±1.0 points)	2.3%	3.7%	6.1%
$100,000 to $149,999	1.9% (±1.9 points)	3.4%	3.9%	6.8%
$150,000 to $199,999	3.7% (±2.7 points)	5.4%	5.6%	9.0%
$200,000 to $299,999	15.8% (±5.3 points)	23.0%	18.9%	17.8%
$300,000 to $499,999	54.6% (±6.1 points)	44.4%	41.1%	26.9%
$500,000 to $999,999	20.0% (±5.6 points)	17.3%	19.1%	20.9%
$1,000,000 or more	0.8% (±1.2 points)	1.1%	1.9%	7.1%

The most common range is $300,000 to $499,999, 54.6% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

South Lakes against Matanuska-Susitna Borough, its state and the nation

Estimate (90% margin of error)
	South Lakes	Matanuska-Susitna Borough	Alaska	United States
Median home value	$377,500 (±$22,018)	$346,600 (±$4,883)	$352,900 (±$3,735)	$332,700
Owner-occupied homes	1,497 (±154)	30,792 (±523)	180,833 (±2,019)	84,210,142

In South Lakes, the median home value is higher than in Matanuska-Susitna Borough ($346,600).

It is also higher than in Alaska ($352,900).

It is higher than the national figure ($332,700).

In Matanuska-Susitna Borough, South Lakes ranks 4 of 17 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 15 of 162.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Median home value in places near South Lakes

Nearest places with a published estimate, compared with South Lakes
Place	Distance	Median home value	Compared with this place
South Lakes	—	$377,500 (±$22,018)	—
North Lakes	2.1 mi	$357,600 (±$18,140)	Not measurably different
Gateway	3.4 mi	$446,200 (±$22,096)	Higher
Wasilla	4.8 mi	$358,400 (±$24,155)	Not measurably different
Tanaina	6.1 mi	$328,500 (±$15,147)	Lower
Farm Loop	6.2 mi	$431,300 (±$23,948)	Higher
Palmer	6.6 mi	$294,900 (±$13,119)	Lower
Fishhook	10.0 mi	$416,300 (±$27,680)	Higher
Meadow Lakes	10 mi	$323,100 (±$22,039)	Lower

Nearby places with a measurably lower figure: Tanaina, AK ($328,500), Palmer, AK ($294,900), Meadow Lakes, AK ($323,100).

Nearby places with a measurably higher figure: Gateway, AK ($446,200), Farm Loop, AK ($431,300), Fishhook, AK ($416,300).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Matanuska-Susitna Borough, place by place

Rank	Place	Median home value
1	Gateway	$446,200 (±$22,096)
2	Farm Loop	$431,300 (±$23,948)
3	Fishhook	$416,300 (±$27,680)
4	South Lakes	$377,500 (±$22,018)
5	Butte	$374,600 (±$25,055)
6	Wasilla	$358,400 (±$24,155)
7	North Lakes	$357,600 (±$18,140)
8	Lazy Mountain	$352,800 (±$37,985)
9	Knik-Fairview	$340,200 (±$12,049)
10	Tanaina	$328,500 (±$15,147)

Showing 10 of 17 places in Matanuska-Susitna Borough, ranked from highest to lowest.

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 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).

Is this what homes in South Lakes sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.