HousingHandbookReference data

U.S. ZIP Code · AK99587

Anchorage Municipality · Anchorage, AK

Typical home value

$715,603[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+22.1%
5-year / yr
+9.7%
10-year / yr
+6.4%

Relative price

vs U.S.
+151.9%
vs metro
+72.2%
vs state
+105.8%
ZIP 99587 location in AK
Location of ZIP 99587 in AK

Price history

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

The typical home in 99587 is worth $715,603 — 72.2% above the Anchorage, AK median. Over the past year, values have risen 22.1%. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$5,283[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
1,949[3]
Median household income
$163,704[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
1
Elementary
1
Middle
0
High
0
  • Girdwood School

    Elementary · Grades PK–8 · Anchorage School District

    175 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 yield
Net yield (after ~40% expenses)
Annual rent

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$3,618
Loan principal$572,483
Down payment$143,121
Total interest paid$730,170

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 ratio
Monthly cost to own$4,656
Monthly rent

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
100th percentile[1]
Rental yield
[2]
Property tax
17th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99587?
The typical home in 99587 is worth $715,603, based on the Zillow Home Value Index.
Are home values rising in 99587?
Home values in 99587 are up 22.1% over the past year, and up 9.7% a year over five years.
What is the property tax rate in 99587?
The effective property tax rate in 99587 is 0.7% — roughly $5,283 a year on a typical home.
Who lives in 99587?
ZIP code 99587 has a population of 1,949 and a median household income of $163,704.

#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
    $683,849
    Gross yield
    6.2%
  • Anchorage, AK

    Typical home
    $565,353
    Gross yield
  • Anchorage, AK

    Typical home
    $501,595
    Gross yield
  • Anchorage, AK

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

    Typical home
    $471,891
    Gross yield
    5.5%
  • Anchorage, AK

    Typical home
    $444,890
    Gross yield
    4.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 99587 against any other ZIP — full side-by-side table.

Compare 99587

#Jump to section