Alaska's Rental Market

Rents fell slightly in 2019 and vacancies rose, according to our annual survey of Alaska landlords. The increase in vacancies continues a three-year trend that has pushed the overall vacancy rate to a 10-year high of 8.6 percent. Rental costs and the broader housing market remained mostly stable throughout Alaska's recession (see the August 2018 issue of Trends), but the continued rise in vacancy suggests the state's weak economy is hurting the rental market.