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Farm Loop

Farm Loop

Rural Neighborhood in Palmer, Alaska

Matanuska-Susitna Borough 99645

$427,522 Average Value
$241 Average Price per Sq Ft
7 Homes For Sale

You'll be udder-ly satisfied living in Farm Loop, a Palmer community encompassing miles of pastoral farmland against the majestic Chugach Mountains. "It's a great place to buy land and new construction, and you can still commute easily to Anchorage, which most residents do for work," says Realtor Richelle Killian with Keller Williams Realty Alaska Group.

The area has long been a bedroom community for Anchorage but has recently become a go-to for new construction without the hefty city price tag. You'll find new modern craftsman-style construction and contemporary new builds with geometric flair. There are also established ranches and split levels available in the area, typically tucked away in forest nooks. Most homes here sit on 1 to 4 acres, giving you plenty of privacy and room to spread out. You'll also find larger lots ranging from 5 to 10 acres, perfect for starting a small farm or building facilities for storage or projects. Prices here range from $350,000 for an established home and between $550,000 to $850,000 for new construction. On average, the more land your home sits on, the higher the cost may be.

Students in the area attend the Matanuska-Sisitna School District. "The community also has a fantastic school system, with very highly rated academic programs," Killian adds. Swanson Elementary School serves pre-kindergarten through fifth grade and scored an overall B-plus on its Niche Report Card. Students here benefit from the school's active music program, including an after-school ukelele club for upper grades. At Palmer Junior Middle School, which scored an overall B-minus on Niche. The school supports students with an after-school study club and offers unique activities, like Laser Craft Club and Marksmanship Club. Palmer High School, which serves grades nine through twelve, scored an overall B on Niche and a 7 out of 10 for college readiness on GreatSchools. Students can personalize their education through several academic pathways, including IT, Culinary Arts and Horticulture.

There are ample ways to get outdoors and enjoy nature here, with dozens of lakes where you can camp out during the summer and proximity to the hunting, fishing and hiking available at Chugach State Park. Walby Lake is a popular summertime swimming destination with a public access point where you can picnic, sunbathe, fish or launch a kayak. During the winter, you can also ice skate or ice fish at your leisure. Living here also puts you super close to the mighty Matanuska. This whitewater river is a go-to for rafting, floating and flyfishing. You'll want to remain aware of your surroundings while spending time here, as the forests around the river are home to moose and bears. When you want to get closer to the area's wildlife, visit The Musk Ox Farm, a local animal sanctuary home to dozens of rescued musk oxen.

The Glenn Highway runs along the neighborhood's eastern edge and 45 miles south to Anchorage. You can take the highway to commute to major employers like Joint Base Elmendorf-Richardson, University of Alaska-Anchorage or Mat-Su Regional Medical Center. Anchorage is also where you'll find Anchorage International Airport. In the community, Wolf Lake Airport is a private airport where you can store small aircraft and fly to different areas of the state, which is necessary for those who need to get into the Alaskan bush.

The community is primarily a residential area, but it's close to so many amenities that you won't feel like you're missing out. The Glenn Highway will lead you into Downtown Palmer, where you'll find dining, retail and daily necessities like groceries on Evergreen Avenue. Grab a coffee at Elwood's Drive-Thru, have a dinner date at farm-to-table restaurant Feather and Flour or catch the summer music series at Palmer Alehouse. You can also take the Palmer-Wasilla Highway west into Wasilla to access the area's retail hub, home to big box stores and department stores. Every August, take the Glenn Highway to the Alaska State Fair, where you can camp out or enjoy carnival food, rides, games and attractions for a perfect summer day.

Offering beautiful new construction, excellent schools and proximity to so many indoor and outdoor amenities, Farm Loop is a perfect place to call home.

Micaela Green
Written By
Micaela Green
Eli Tye
Photography Contributed By
Eli Tye
Lucas Dyke
Video By
Lucas Dyke

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Shannon Parberry, an experienced agent in this neighborhood.

Parks in this Area

Crime and Safety

1 - Low Crime, 10 - High Crime Farm Loop US
Homicide 2 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 1 4
Burglary 1 4
Motor Vehicle Theft 2 4
Larceny 1 4
Crime Score 1 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$519,500
Median Single Family Price
$525,000
Average Price Per Sq Ft
$241
Number of Homes for Sale
7
Last 12 months Home Sales
35
Months of Supply
2.40
Median List Price
$547,900
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
2%

Home Facts

Number of Homes in Neighborhood
488
Median Year Built
2013
Avg. Single Family Home Size Sq Ft
2,164
Above the national average
1,935
Median Lot Size Sq Ft
41,817

Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Shannon Parberry, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
2,987
Median Age
39
Population Density
1 person/acre
Population under 18
27.9%
On par with the national average
23.8%
Population over 65
14.7%
On par with the national average
19.1%

Finances

Median Household Income
$102,064
Significantly above the national average
$71,702
Average Household Income
$125,625

Education and Workforce

High School Graduates
95.2%
Above the national average
89.1%
College Graduates
35%
Advanced Degrees
13.2%
% Population in Labor Force
70.4%
Above the national average
65.1%

Area Factors

Somewhat Bikeable

Bike Score®

25 / 100

Car-Dependent

Walk Score®

0 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Farm Loop