Mat-Su population to increase 61 percent by 2045, report finds

Published: Aug. 3, 2018 at 5:08 PM AKDT
Email This Link
Share on Pinterest
Share on LinkedIn

The Mat-Su Borough’s population is expected to go up by 65,000 people by the year 2045. That’s a 61 percent increase and more than half of the total population growth of Alaska for the same timeframe, according to a report from the Department of Labor.

“While that’s somewhat lower than the last projections, Mat-Su will remain the fastest growing part of the state,” the report reads.

With more people comes more housing. According to another report by the Anchorage Economic Development Corporation, the Mat-Su added 891 new housing units in 2017, the third year of increase in a row.

Marty van Diest, a realtor with Valley Market Real Estate, says he thinks the housing market will keep up, despite some lingering effects from the recession. While house sales have gone down in recent years, demand for housing in the Mat-Su is still strong, even despite high prices, he says.

“2015 was probably the high point as far as the increase in sales, although the prices have continued to go up,” van Diest said. “Right now the average price is higher than it’s ever been. Our inventory is also higher I think.”