Anchorage, AK Metro Area - Investment Guide
Metro Area • 9 Cities • 20 ZIP Codes
Avg Home Value
$432,417
Avg Monthly Rent
$1,883
Avg Cap Rate
3.47%
Avg Investability
3.0 ★
Cities
9
ZIP Codes
20
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Anchorage, AK Metro Area
Even conditions for buyers and sellers
31 days
Average time to sell
Average
12.2%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Anchorage, AK
Every ZIP in the metro, ranked four ways. Free.
Cities in Anchorage, AK
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 99508 | Anchorage | AK | $351,940 | $1,563 | 3.46% | |
| 99688 | Willow | AK | $261,471 | $1,179 | 3.52% | |
| 99540 | Anchorage | AK | $565,353 | $1,701 | 2.35% | |
| 99502 | Anchorage | AK | $434,381 | $1,672 | 3.00% | |
| 99645 | Palmer | AK | $423,821 | $1,943 | 3.58% | |
| 99654 | Wasilla | AK | $414,865 | $1,640 | 3.08% | |
| 99515 | Anchorage | AK | $481,203 | $2,191 | 3.55% | |
| 99567 | Chugiak | AK | $501,595 | $1,521 | 2.37% | |
| 99577 | Eagle River | AK | $483,096 | $2,123 | 3.43% | |
| 99504 | Anchorage | AK | $350,846 | $1,967 | 4.37% | |
| 99516 | Anchorage | AK | $698,135 | $3,800 | 4.25% | |
| 99517 | Anchorage | AK | $411,249 | $1,662 | 3.15% | |
| 99587 | Anchorage | AK | $715,603 | $1,323 | 1.44% | |
| 99507 | Anchorage | AK | $406,953 | $1,882 | 3.61% | |
| 99676 | Talkeetna | AK | $250,288 | $1,350 | 4.21% | |
| 99508 | Anchorage | AK | $334,428 | $1,479 | 3.45% | |
| 99688 | Willow | AK | $259,101 | $1,179 | 3.55% | |
| 99518 | Anchorage | AK | $345,649 | $2,133 | 4.81% | |
| 99501 | Anchorage | AK | $359,106 | $1,537 | 3.34% | |
| 99623 | Meadow Lakes | AK | $367,773 | $1,770 | 3.75% | |
| 99502 | Anchorage | AK | $453,553 | $1,785 | 3.07% | |
| 99645 | Palmer | AK | $438,164 | $1,903 | 3.39% | |
| 99515 | Anchorage | AK | $461,240 | $2,178 | 3.68% | |
| 99540 | Anchorage | AK | $576,129 | $1,701 | 2.30% | |
| 99567 | Chugiak | AK | $519,056 | $1,521 | 2.29% | |
| 99503 | Anchorage | AK | $335,964 | $1,358 | 3.15% | |
| 99654 | Wasilla | AK | $428,576 | $1,640 | 2.98% | |
| 99516 | Anchorage | AK | $665,821 | $3,000 | 3.51% | |
| 99577 | Eagle River | AK | $494,042 | $2,397 | 3.78% | |
| 99504 | Anchorage | AK | $366,275 | $2,205 | 4.70% | |
| 99517 | Anchorage | AK | $390,134 | $1,539 | 3.08% | |
| 99518 | Anchorage | AK | $329,248 | $1,575 | 3.73% | |
| 99501 | Anchorage | AK | $341,041 | $1,594 | 3.65% | |
| 99587 | Anchorage | AK | $724,101 | $1,950 | 2.10% | |
| 99507 | Anchorage | AK | $425,735 | $1,739 | 3.19% | |
| 99676 | Talkeetna | AK | $254,920 | $1,350 | 4.13% | |
| 99508 | Anchorage | AK | $351,202 | $1,601 | 3.56% | |
| 99688 | Willow | AK | $249,757 | $1,179 | 3.68% | |
| 99540 | Anchorage | AK | $551,386 | $1,701 | 2.41% | |
| 99502 | Anchorage | AK | $428,874 | $1,708 | 3.11% | |
| 99623 | Meadow Lakes | AK | $381,575 | $2,302 | 4.71% | |
| 99645 | Palmer | AK | $446,777 | $2,148 | 3.75% | |
| 99515 | Anchorage | AK | $480,872 | $2,190 | 3.55% | |
| 99567 | Chugiak | AK | $491,224 | $1,521 | 2.42% | |
| 99577 | Eagle River | AK | $472,349 | $2,297 | 3.79% | |
| 99504 | Anchorage | AK | $346,580 | $1,959 | 4.41% | |
| 99654 | Wasilla | AK | $438,547 | $1,887 | 3.36% | |
| 99516 | Anchorage | AK | $699,494 | $3,936 | 4.39% | |
| 99517 | Anchorage | AK | $410,775 | $1,631 | 3.10% | |
| 99587 | Anchorage | AK | $699,091 | $1,323 | 1.48% |
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About Anchorage, AK Real Estate Market
The Anchorage, AK metropolitan statistical area (MSA) encompasses 9 cities and 20 ZIP codes. The average home value across the metro is $432,417, with an average monthly rent of $1,883. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.