Most Affordable ZIP Codes in Anchorage, AK (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 99688 | Willow, AK | $271,245 | $1,179 | 3.39% | 3.3% |
| 2 | 99676 | Talkeetna, AK | $274,069 | $1,350 | 3.84% | 5.2% |
| 3 | 99503 | Anchorage, AK | $338,266 | $1,353 | 3.12% | 2.6% |
| 4 | 99518 | Anchorage, AK | $345,649 | $2,133 | 4.81% | 4.9% |
| 5 | 99508 | Anchorage, AK | $351,940 | $1,563 | 3.46% | 4.2% |
| 6 | 99501 | Anchorage, AK | $362,779 | $1,567 | 3.37% | 3.7% |
| 7 | 99504 | Anchorage, AK | $368,789 | $2,178 | 4.61% | 4.2% |
| 8 | 99623 | Meadow Lakes, AK | $381,575 | $2,302 | 4.71% | 5.0% |
| 9 | 99517 | Anchorage, AK | $411,249 | $1,662 | 3.15% | 4.6% |
| 10 | 99507 | Anchorage, AK | $426,709 | $1,806 | 3.30% | 4.6% |
| 11 | 99654 | Wasilla, AK | $438,547 | $1,887 | 3.36% | 5.2% |
| 12 | 99645 | Palmer, AK | $446,777 | $2,148 | 3.75% | 5.3% |
| 13 | 99502 | Anchorage, AK | $453,001 | $1,773 | 3.05% | 4.4% |
| 14 | 99515 | Anchorage, AK | $481,203 | $2,191 | 3.55% | 4.6% |
| 15 | 99577 | Eagle River, AK | $494,042 | $2,397 | 3.78% | 4.1% |
| 16 | 99567 | Chugiak, AK | $519,056 | $1,521 | 2.29% | 4.5% |
| 17 | 99540 | Anchorage, AK | $576,129 | $1,701 | 2.30% | 3.0% |
| 18 | 99516 | Anchorage, AK | $698,135 | $3,800 | 4.25% | 5.0% |
| 19 | 99587 | Anchorage, AK | $724,101 | $1,950 | 2.10% | 9.4% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Anchorage, AK · Appreciation in Anchorage, AK
Or see the full Anchorage, AK metro profile.