US5.com
  1. Home
  2. States
  3. Alaska
  4. ZIP 99508
  5. Housing & Real Estate
Anchorage municipality, AK

ZIP 99508 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 99508

Median Home Value
$309,400
Median Rent
$1,228
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,988/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 99508 in Anchorage municipality, AK, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,988. That is about 17% above the local median household income ($72,751), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
51.6%-21% vs US avg
x
Vacancy Rate
11.2%+9% vs US avg
x
Broadband Access
92.1%+6% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
34.9%-9% vs US avg
x
$309,400
Home Value
$1,228
Rent
1975
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached33.4%
  • 1-unit attached6.6%
  • 2-9 units38.2%
  • 10+ units14.8%
  • Mobile home & other7.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$309,400
Median rent$1,228
Owner-occupied51.6%
Vacant11.2%
Price-to-income4.3x
Est. income to buy$85,000