Since I've lived in ANC (2 years ago). Property is expensive compared to the south. We bought a 3BR, 2BA two car GA single family home with very little property for $190K. Our house was backed up in a quite little neighborhood behind Russian Jack park. There are condos downtown that overlook the water but I think that they probably carry a serious price tag to go with them. Due to the airport location I would look in South Anchorage. The schools are generally better and the commute would be easier in the winter. BTW we sold our house for $250K. I am hoping to be back up there in two more years...employer depending
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