Farm Loop

Population: 2,940
Median household income: $110,332
Median home value: $393,300

Farm Loop is a community in Matanuska-Susitna Borough, Alaska, home to 2,940 residents. The median household income of $110,332 is above the Matanuska-Susitna Borough median ($90,625).

From 2019 to 2023, Farm Loop's population grew 151.3% from 1,170 to 2,940, while its median home value rose 49.5% from $263,000 to $393,300.

37.7% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 86.7% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 2,940
Median age: 40.6 yrs
Median household income: $110,332
Median home value: $393,300
Median gross rent: $1,670
Housing units: 1,091
Homeownership rate: 86.7%
Bachelor's degree or higher: 37.7%
Unemployment rate: 7.4%

Trends

ACS 5-year · 2019–2023

Population

1,1702,940

Median household income

$89,000$110,332

Median home value

$263,000$393,300

Median gross rent

$975$1,670

Year	Population	Median household income	Median home value	Median gross rent
2019	1,170	$89,000	$263,000	$975
2020	2,637	$104,200	$301,600	$1,363
2021	2,549	$105,521	$314,700	$1,420
2022	2,561	$112,683	$351,500	$1,500
2023	2,940	$110,332	$393,300	$1,670

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.4%

5 to 1718.0%

18 to 245.7%

25 to 3411.2%

35 to 4418.5%

45 to 5411.2%

55 to 6412.2%

65 to 7410.6%

75 and over6.2%

	Count	Share
Under 5	188	6.4%
5 to 17	530	18.0%
18 to 24	167	5.7%
25 to 34	330	11.2%
35 to 44	545	18.5%
45 to 54	329	11.2%
55 to 64	358	12.2%
65 to 74	312	10.6%
75 and over	181	6.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,412	82.0%
Black or African American	20	0.7%
American Indian & Alaska Native	54	1.8%
Asian	5	0.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	10	0.3%
Two or more races	319	10.9%
Hispanic or Latino (any race)	120	4.1%

Educational attainment (age 25+)

No high school diploma2.9%

High school graduate21.8%

Some college or associate's37.7%

Bachelor's degree19.8%

Graduate or professional degree17.9%

	Count	Share
No high school diploma	60	2.9%
High school graduate	447	21.8%
Some college or associate's	774	37.7%
Bachelor's degree	406	19.8%
Graduate or professional degree	368	17.9%

Commute to work

Mean travel time to work: 30 min

Drove alone73.1%

Carpooled9.6%

Public transit0.0%

Walked1.4%

Bicycle0.4%

Worked from home12.2%

Other means3.3%

How workers get to work

	Count	Share
Drove alone	984	73.1%
Carpooled	129	9.6%
Public transit	0	0.0%
Walked	19	1.4%
Bicycle	6	0.4%
Worked from home	164	12.2%
Other means	45	3.3%

Travel time

	Count	Share
Under 15 min	283	23.9%
15 to 29 min	447	37.8%
30 to 44 min	116	9.8%
45 to 59 min	178	15.0%
60+ min	159	13.4%

Households

Average household size: 2.78
Poverty rate: 6.8% (198 of 2,924)

	Count	Share
Family households	837	79.3%
Nonfamily households	218	20.7%

Housing

Median year structure built: 2000

Occupancy

	Count	Share
Occupied	1,055	96.7%
Vacant	36	3.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	915	86.7%
Renter-occupied	140	13.3%

1-unit, detached88.9%

1-unit, attached0.5%

2 to 4 units5.1%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other5.4%

Units in structure

	Count	Share
1-unit, detached	970	88.9%
1-unit, attached	6	0.5%
2 to 4 units	56	5.1%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	59	5.4%

Geography

Place GEOID: 0225000
Type (LSAD): 57
Land area: 9.11 sq mi
Water area: 0.1 sq mi
Center point: 61.6351, -149.1552