Purchasing Military Housing in Alaska
Transferring to a military base in Alaska, such as Joint Base Elmendorf-Richardson (JBER) in Anchorage, Eielson Air Force Base near Fairbanks, or Fort Wainwright, can be an exciting yet challenging transition. From adjusting to the climate to finding the right home, proper planning can make the move smoother. Here are some key tips to help military families successfully transfer and buy real estate in Alaska:
1. Understand the Climate and Lifestyle
Alaska’s extreme weather, long winters, and remote locations can be an adjustment. Before deciding on a home, consider factors like:
- Winter Preparation: Homes need good insulation, reliable heating, and energy-efficient windows.
- Transportation Needs: Some areas may require four-wheel drive vehicles for winter travel.
- Daylight Variations: In summer, you’ll have long daylight hours, while winters bring extended darkness.
2. Know Your Housing Options
Military families have several housing choices:
- On-Base Housing: Check availability early, as there may be waitlists.
- Off-Base Rentals: Rental prices can be high, especially near bases. Consider your Basic Allowance for Housing (BAH) when budgeting.
- Homeownership: Buying a home can be a great investment, especially if you plan to stay in Alaska after service or rent it out when relocating.
3. Utilize Your VA Loan Benefits
Alaska is an ideal place to take advantage of VA loans, which offer:
- Zero down payment options
- Competitive interest rates
- No private mortgage insurance (PMI)
Work with a real estate agent experienced in VA loans to navigate the process smoothly.
4. Research the Local Real Estate Market
The market can vary by location:
- Anchorage: A mix of urban and suburban neighborhoods with higher home prices.
- Wasilla & Palmer: More affordable options with larger lots, about an hour from JBER.
- Fairbanks & North Pole: More remote but closer to Eielson AFB and Fort Wainwright.
Consider commute times, access to amenities, and resale potential when choosing a location.
5. Work with a Local Military-Friendly Realtor
A real estate agent familiar with military relocations can help:
- Understand your BAH and VA loan options
- Find homes suited for Alaska’s climate
- Navigate PCS (Permanent Change of Station) timelines
6. Prepare for a Quick or Sight-Unseen Purchase
With tight housing inventory, homes sell fast. Be ready to:
- Make competitive offers
- Consider virtual home tours
- Work with a trusted agent who can inspect homes on your behalf
7. Plan for Utilities and High Costs
Alaska has higher-than-average utility costs. Look into:
- Heating expenses (oil, propane, or electric heat)
- Water and sewer availability (some areas require private wells and septic systems)
- Internet and cell service, which can be limited in remote areas
8. Consider Future Resale or Rental Potential
Since military families often relocate, choose a home with strong resale or rental value. Look for:
- Homes near bases or amenities
- Properties with modern upgrades and energy efficiency
- Locations with steady demand from incoming military families
Final Thoughts
Transferring to an Alaska military base is a big move, but with the right preparation and local real estate knowledge, you can find a home that suits your needs. Whether you’re buying for the long term or as an investment, working with professionals who understand military relocations can make all the difference.
Thinking about buying a home near an Alaska military base? Connect with Alaskan Properties at (907) 694-3434 to explore your options!