How much is a home worth in ZIP code 99516?

The typical home in 99516 is worth $683,849, based on the Zillow Home Value Index.

Are home values rising in 99516?

Home values in 99516 are up 4.5% over the past year, and up 5.0% a year over five years.

What is the typical rent in 99516?

A typical home in 99516 rents for about $3,536 a month, a gross rental yield of 6.2%.

What is the property tax rate in 99516?

The effective property tax rate in 99516 is 1.2% — roughly $8,024 a year on a typical home.

ZIP code 99516 has a population of 21,500 and a median household income of $173,984.

HousingHandbookReference data

…

U.S. ZIP Code · AK99516

Anchorage Municipality · Anchorage, AK

Typical home value

$683,849^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.5%
5-year / yr: +5.0%
10-year / yr: +3.1%

Relative price

vs U.S.: +140.7%
vs metro: +64.6%
vs state: +96.7%

Price history

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

The typical home in 99516 is worth $683,849 — 64.6% above the Anchorage, AK median. Over the past year, values have risen 4.5%. Homes here rent for a typical $3,536 a month — a 6.2% 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: $3,536^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $8,024^[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: 21,500^[3]
Median household income: $173,984^[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: 7
Elementary: 5
Middle: 1
High: 1

South Anchorage High School
High · Grades 9–12 · Anchorage School District
1,286 students
Goldenview Middle School
Middle · Grades 7–8 · Anchorage School District
668 students
Bowman Elementary
Elementary · Grades PK–6 · Anchorage School District
572 students
Rabbit Creek Elementary
Elementary · Grades PK–6 · Anchorage School District
427 students
Bear Valley Elementary
Elementary · Grades PK–6 · Anchorage School District
382 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 yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$42,435

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$3,458

Loan principal$547,079

Down payment$136,770

Total interest paid$697,769

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 ratio1.33

Monthly cost to own$4,695

Monthly rent$3,536

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: 83rd percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 67th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99516?: The typical home in 99516 is worth $683,849, based on the Zillow Home Value Index.
Are home values rising in 99516?: Home values in 99516 are up 4.5% over the past year, and up 5.0% a year over five years.
What is the typical rent in 99516?: A typical home in 99516 rents for about $3,536 a month, a gross rental yield of 6.2%.
What is the property tax rate in 99516?: The effective property tax rate in 99516 is 1.2% — roughly $8,024 a year on a typical home.
Who lives in 99516?: ZIP code 99516 has a population of 21,500 and a median household income of $173,984.

#Comparable ZIPs

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

99587 vs 99516 →
Anchorage, AK
Typical home
$715,603
Gross yield
—
99540 vs 99516 →
Anchorage, AK
Typical home
$565,353
Gross yield
—
99567
Anchorage, AK
Typical home
$501,595
Gross yield
—
99577
Anchorage, AK
Typical home
$483,096
Gross yield
5.3%
99515
Anchorage, AK
Typical home
$471,891
Gross yield
5.5%
99502
Anchorage, AK
Typical home
$444,890
Gross yield
4.6%

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#Jump to section

U.S. ZIP Code · AK99516

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