HousingHandbookReference data

U.S. ZIP Code · AK99515

Anchorage Municipality · Anchorage, AK

Typical home value

$471,891[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.0%
5-year / yr
+4.4%
10-year / yr
+3.1%

Relative price

vs U.S.
+66.1%
vs metro
+13.6%
vs state
+35.7%
ZIP 99515 location in AK
Location of ZIP 99515 in AK

Price history

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

The typical home in 99515 is worth $471,891 — 13.6% above the Anchorage, AK median. Over the past year, values have risen 5.0%. Homes here rent for a typical $2,179 a month — a 5.5% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
$2,179[2]
Gross yield
5.5%[2]
Cap rate
3.3%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$5,421[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
21,870[3]
Median household income
$113,995[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
4
Elementary
3
Middle
1
High
0
  • Mears Middle School

    Middle · Grades 7–8 · Anchorage School District

    683 students

  • Bayshore Elementary

    Elementary · Grades PK–6 · Anchorage School District

    434 students

  • Ocean View Elementary

    Elementary · Grades PK–6 · Anchorage School District

    367 students

  • Klatt Elementary

    Elementary · Grades PK–6 · Anchorage School District

    340 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.

Gross yield5.5%
Net yield (after ~40% expenses)3.3%
Annual rent$26,150

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.

Monthly payment$2,386
Loan principal$377,513
Down payment$94,378
Total interest paid$481,497

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.

Own : rent ratio1.48
Monthly cost to own$3,232
Monthly rent$2,179

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
67th percentile[1]
Rental yield
50th percentile[2]
Property tax
56th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99515?
The typical home in 99515 is worth $471,891, based on the Zillow Home Value Index.
Are home values rising in 99515?
Home values in 99515 are up 5.0% over the past year, and up 4.4% a year over five years.
What is the typical rent in 99515?
A typical home in 99515 rents for about $2,179 a month, a gross rental yield of 5.5%.
What is the property tax rate in 99515?
The effective property tax rate in 99515 is 1.1% — roughly $5,421 a year on a typical home.
Who lives in 99515?
ZIP code 99515 has a population of 21,870 and a median household income of $113,995.

#Comparable ZIPs

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

  • Anchorage, AK

    Typical home
    $483,096
    Gross yield
    5.3%
  • Anchorage, AK

    Typical home
    $444,890
    Gross yield
    4.6%
  • Anchorage, AK

    Typical home
    $501,595
    Gross yield
  • Knik River CDP, AK

    Typical home
    $438,164
    Gross yield
    5.2%
  • Tanaina CDP, AK

    Typical home
    $428,576
    Gross yield
    4.6%
  • Anchorage, AK

    Typical home
    $415,498
    Gross yield
    5.6%

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