Turnagain

Anchorage, AK

Neighborhood Market Analysis

Q3 2025 Report
$589,000 (Feb 2025)
Median Home Price
Car-dependent (Walk Score: low to moderate); some pockets near parks and schools are more walkable.[3]
Walkability Score
Generally above average for Anchorage; Turnagain Elementary and West Anchorage High are well-regarded.[1]
School Rating

Location Overview

Neighborhood Boundaries

Turnagain is located in west Anchorage, bordered by the Knik Arm to the north, West Northern Lights Blvd to the south, Minnesota Drive to the east, and the Ted Stevens Anchorage International Airport to the west.

Zip Codes

99517

Market Data Summary

Price Range$520,000 to $833,000+
Price per Sq Ft$265–$282
Inventory LevelsExtremely low; homes sell quickly, often within days of listing.[3][2]

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondos

Architectural Styles

Mid-century modernRanchContemporaryCustom Alaskan styles

Property Details

Typical Lot SizesMedium to large (0.15–0.4 acres typical)
Home Age Range1940s–1980s, with some newer infill and remodels
Construction QualityGenerally high, with many well-maintained and updated homes; older homes often feature solid construction and unique character.[1]

Community Profile

Demographics & Lifestyle

Demographics

Predominantly established professionals, families, and long-term residents. Median age is higher than city average. Diverse, with a mix of young families and retirees.

Community Vibe

Active, outdoors-oriented, and community-focused. Residents value neighborhood character, walkability, and proximity to nature.

Typical Residents

  • Professionals
  • Families
  • Retirees
  • Outdoor enthusiasts

Family Friendly

Very family-friendly, with access to parks, trails, and good schools.

Amenities & Lifestyle

Parks & Recreation

  • Earthquake Park
  • Lyn Ary Park
  • Coastal Trail
  • Tony Knowles Coastal Trail

Dining Options

  • Local cafes
  • Family restaurants
  • Quick-service options

Shopping Centers

  • Nearby Midtown Anchorage shopping centers
  • Local strip malls

Local Businesses

  • Coffee shops
  • Boutique stores
  • Local services

Education & Schools

Generally above average for Anchorage; Turnagain Elementary and West Anchorage High are well-regarded.[1]
Overall School Rating

Elementary Schools

  • Turnagain Elementary

Middle Schools

  • Romig Middle School

High Schools

  • West Anchorage High School

Private Schools

  • Anchorage Christian Schools (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • People Mover bus routes (limited coverage)

Major Roads

  • Minnesota Drive
  • West Northern Lights Blvd

Commute & Walkability

Commute Times10–15 minutes to downtown Anchorage; 5 minutes to airport.
WalkabilityLow to moderate; better near parks and schools.[3]
ParkingAmple street and driveway parking; few restrictions.

Marketing Intelligence

Target Buyer Types

  • Professionals relocating to Anchorage
  • Families seeking top schools
  • Retirees downsizing from larger homes
  • Investors seeking appreciation

Key Selling Points

  • Scenic beauty and outdoor access
  • Strong appreciation trends
  • Safe, established community
  • Quick access to airport and downtown

Pricing Considerations

Price competitively given rapid appreciation, but avoid overpricing due to buyer sensitivity to value.

Common Objections & Response Strategies

Objection: High home prices compared to Anchorage average

Response Strategy:

Emphasize strong appreciation, low crime, and lifestyle amenities that justify premium pricing.

Objection: Limited inventory and fast-moving market

Response Strategy:

Encourage buyers to be pre-approved and ready to act quickly; offer off-market opportunities if available.

Objection: Potential for airport noise

Response Strategy:

Highlight quieter streets and proximity to parks; provide soundproofing solutions or showcase homes with upgraded windows.

Investment Insights

Investment Potential

Appreciation Potential

High; 41.9% year-over-year price growth as of early 2025. Long-term appreciation expected to remain strong due to desirability and limited inventory.[3][1]

Rental Demand

Moderate to high, especially for executive rentals and furnished homes near the airport.

Buyer Competition

Intense; homes sell quickly, often with multiple offers.[3]

Best For

  • Long-term investors
  • Owner-occupants seeking appreciation
  • Families
  • Relocating professionals

Potential Concerns

  • High entry price
  • Limited inventory
  • Airport noise in some areas

Professional Recommendations

1

Educate buyers on rapid market pace and need for pre-approval.

2

Leverage professional photography and staging to highlight unique features.

3

Network for off-market listings to address inventory shortages.

4

Prepare buyers for potential bidding wars and set realistic expectations.

5

Highlight Turnagain's unique blend of city convenience and natural beauty in all marketing materials.

Competitive Analysis

Comparable Markets

  • South Addition
  • Rogers Park
  • Airport Heights

Market Positioning

Premium, lifestyle-oriented neighborhood with strong long-term value.

Competitive Advantages

  • Superior access to parks and trails
  • Lower crime rates
  • Unique home character and lot sizes

Price Comparison

Turnagain's median price ($589K) is significantly above Anchorage average ($392K), reflecting its premium status.[3][4]

Investment Metrics

3.5%–4.5% (typical for Anchorage premium neighborhoods)
Cap Rates
4%–5% gross yield for executive/furnished rentals
Rental Yields
High (reflecting owner-occupant demand and premium pricing)
Price-to-Rent
Modest; best for appreciation-focused investors rather than cash flow seekers.
Cash Flow
Continued above-average appreciation expected due to demand and limited supply.[1][3]
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high prices; best suited for well-qualified buyers or those with significant down payments.

Move-Up Buyers

Ideal for those seeking larger homes, better schools, and lifestyle upgrades.

Downsizers

Attractive for retirees seeking low-maintenance, walkable locations near amenities.

Investors

Best for long-term appreciation and executive rental strategies; not ideal for high cash flow.

Relocators

Highly attractive due to proximity to airport, downtown, and outdoor amenities.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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