HousingHandbookReference data

U.S. ZIP Code · AK99518

Anchorage Municipality · Anchorage, AK

Typical home value

$333,594[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.2%
5-year / yr
+4.7%
10-year / yr
+3.0%

Relative price

vs U.S.
+17.4%
vs metro
-19.7%
vs state
-4.1%
ZIP 99518 location in AK
Location of ZIP 99518 in AK

Price history

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

The typical home in 99518 is worth $333,594 — 19.7% below the Anchorage, AK median. Over the past year, values have risen 5.2%. Homes here rent for a typical $1,837 a month — a 6.6% 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
$1,837[2]
Gross yield
6.6%[2]
Cap rate
4.0%[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$3,922[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
9,764[3]
Median household income
$93,995[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
3
Elementary
2
Middle
0
High
1
  • Campbell STEM Elementary

    Elementary · Grades PK–6 · Anchorage School District

    394 students

  • Taku Elementary

    Elementary · Grades PK–6 · Anchorage School District

    300 students

  • S.A.V.E. High School

    High · Grades 9–12 · Anchorage School District

    181 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 yield6.6%
Net yield (after ~40% expenses)4.0%
Annual rent$22,040

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$1,687
Loan principal$266,875
Down payment$66,719
Total interest paid$340,384

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 ratio1.25
Monthly cost to own$2,293
Monthly rent$1,837

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
72nd percentile[1]
Rental yield
92nd percentile[2]
Property tax
72nd percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99518?
The typical home in 99518 is worth $333,594, based on the Zillow Home Value Index.
Are home values rising in 99518?
Home values in 99518 are up 5.2% over the past year, and up 4.7% a year over five years.
What is the typical rent in 99518?
A typical home in 99518 rents for about $1,837 a month, a gross rental yield of 6.6%.
What is the property tax rate in 99518?
The effective property tax rate in 99518 is 1.2% — roughly $3,922 a year on a typical home.
Who lives in 99518?
ZIP code 99518 has a population of 9,764 and a median household income of $93,995.

#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
    $340,302
    Gross yield
    5.6%
  • Anchorage, AK

    Typical home
    $349,216
    Gross yield
    5.5%
  • Anchorage, AK

    Typical home
    $355,704
    Gross yield
    7.0%
  • Point MacKenzie CDP, AK

    Typical home
    $367,773
    Gross yield
    5.8%
  • Glacier View CDP, AK

    Typical home
    $274,773
    Gross yield
  • Anchorage, AK

    Typical home
    $399,537
    Gross yield
    5.0%

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