How much is a home worth in ZIP code 99508?

The typical home in 99508 is worth $340,302, based on the Zillow Home Value Index.

Are home values rising in 99508?

Home values in 99508 are up 5.0% over the past year, and up 3.8% a year over five years.

What is the typical rent in 99508?

A typical home in 99508 rents for about $1,600 a month, a gross rental yield of 5.6%.

What is the property tax rate in 99508?

The effective property tax rate in 99508 is 1.2% — roughly $4,157 a year on a typical home.

ZIP code 99508 has a population of 36,458 and a median household income of $79,314.

HousingHandbookReference data

…

U.S. ZIP Code · AK99508

Anchorage Municipality · Anchorage, AK

Typical home value

$340,302^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.0%
5-year / yr: +3.8%
10-year / yr: +2.4%

Relative price

vs U.S.: +19.8%
vs metro: -18.1%
vs state: -2.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 99508 is worth $340,302 — 18.1% below the Anchorage, AK median. Over the past year, values have risen 5.0%. Homes here rent for a typical $1,600 a month — a 5.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,600^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $4,157^[3]

#Climate risk

FEMA National Risk Index ratings for Anchorage Municipality. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Very Low
Coastal flood: Very Low
Wildfire: Relatively Low
Drought: No Rating
Heat wave: Insufficient Data
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively High
Winter weather: Very High

#Who lives here

Population: 36,458^[3]
Median household income: $79,314^[3]

#Migration

Household moves in and out of Anchorage Municipality over a year, from IRS tax-return data.

Net migration: -764^[5]
Moved in: 8,195
Moved out: 8,959

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 18
Elementary: 11
Middle: 2
High: 4

Bettye Davis East Anchorage High School
High · Grades 9–12 · Anchorage School District
1,681 students
Clark Middle School
Middle · Grades 6–8 · Anchorage School District
772 students
Rogers Park Elementary
Elementary · Grades PK–6 · Anchorage School District
428 students
College Gate Elementary
Elementary · Grades PK–6 · Anchorage School District
413 students
Wendler Middle School
Middle · Grades 7–8 · Anchorage School District
384 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$19,195

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,721

Loan principal$272,242

Down payment$68,060

Total interest paid$347,229

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.47

Monthly cost to own$2,350

Monthly rent$1,600

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 28th percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 89th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99508?: The typical home in 99508 is worth $340,302, based on the Zillow Home Value Index.
Are home values rising in 99508?: Home values in 99508 are up 5.0% over the past year, and up 3.8% a year over five years.
What is the typical rent in 99508?: A typical home in 99508 rents for about $1,600 a month, a gross rental yield of 5.6%.
What is the property tax rate in 99508?: The effective property tax rate in 99508 is 1.2% — roughly $4,157 a year on a typical home.
Who lives in 99508?: ZIP code 99508 has a population of 36,458 and a median household income of $79,314.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

99518 vs 99508 →
Anchorage, AK
Typical home
$333,594
Gross yield
6.6%
99501 vs 99508 →
Anchorage, AK
Typical home
$349,216
Gross yield
5.5%
99504
Anchorage, AK
Typical home
$355,704
Gross yield
7.0%
99623
Point MacKenzie CDP, AK
Typical home
$367,773
Gross yield
5.8%
99517
Anchorage, AK
Typical home
$399,537
Gross yield
5.0%
99674
Glacier View CDP, AK
Typical home
$274,773
Gross yield
—

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#Jump to section

U.S. ZIP Code · AK99508

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