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:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Anchorage, AK Metro Area
Even conditions for buyers and sellers
28 days
Average time to sell
Fast
12.8%
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 August 29, 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 |
|---|---|---|---|---|---|---|
| 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% | |
| 99518 | Anchorage | AK | $329,248 | $1,575 | 3.73% | |
| 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% | |
| 99508 | Anchorage | AK | $351,202 | $1,601 | 3.56% | |
| 99688 | Willow | AK | $249,757 | $1,179 | 3.68% | |
| 99515 | Anchorage | AK | $480,872 | $2,190 | 3.55% | |
| 99567 | Chugiak | AK | $491,224 | $1,521 | 2.42% | |
| 99645 | Palmer | AK | $446,777 | $2,148 | 3.75% | |
| 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% | |
| 99577 | Eagle River | AK | $472,349 | $2,297 | 3.79% | |
| 99587 | Anchorage | AK | $699,091 | $1,323 | 1.48% | |
| 99507 | Anchorage | AK | $400,814 | $1,877 | 3.65% | |
| 99517 | Anchorage | AK | $410,775 | $1,631 | 3.10% | |
| 99518 | Anchorage | AK | $344,382 | $2,174 | 4.92% | |
| 99501 | Anchorage | AK | $355,137 | $1,553 | 3.41% | |
| 99623 | Meadow Lakes | AK | $359,068 | $1,621 | 3.52% | |
| 99508 | Anchorage | AK | $329,163 | $1,570 | 3.72% | |
| 99676 | Talkeetna | AK | $274,069 | $1,350 | 3.84% | |
| 99515 | Anchorage | AK | $453,453 | $2,374 | 4.08% | |
| 99688 | Willow | AK | $271,245 | $1,179 | 3.39% | |
| 99540 | Anchorage | AK | $579,145 | $1,701 | 2.29% | |
| 99502 | Anchorage | AK | $449,742 | $1,767 | 3.07% | |
| 99645 | Palmer | AK | $426,270 | $1,630 | 2.98% | |
| 99503 | Anchorage | AK | $330,510 | $1,349 | 3.18% | |
| 99654 | Wasilla | AK | $418,279 | $1,758 | 3.28% | |
| 99516 | Anchorage | AK | $664,769 | $1,854 | 2.18% | |
| 99567 | Chugiak | AK | $514,491 | $1,521 | 2.31% | |
| 99577 | Eagle River | AK | $494,150 | $2,509 | 3.96% | |
| 99504 | Anchorage | AK | $362,086 | $2,151 | 4.63% | |
| 99517 | Anchorage | AK | $388,356 | $1,823 | 3.66% | |
| 99501 | Anchorage | AK | $341,041 | $1,594 | 3.65% | |
| 99587 | Anchorage | AK | $729,151 | $1,950 | 2.09% | |
| 99507 | Anchorage | AK | $420,147 | $1,767 | 3.28% | |
| 99676 | Talkeetna | AK | $251,615 | $1,350 | 4.18% | |
| 99518 | Anchorage | AK | $327,340 | $1,906 | 4.54% | |
| 99540 | Anchorage | AK | $555,111 | $1,701 | 2.39% | |
| 99502 | Anchorage | AK | $428,874 | $1,708 | 3.11% | |
| 99623 | Meadow Lakes | AK | $375,963 | $2,362 | 4.90% | |
| 99508 | Anchorage | AK | $344,796 | $1,612 | 3.65% | |
| 99688 | Willow | AK | $249,299 | $1,179 | 3.69% | |
| 99515 | Anchorage | AK | $475,458 | $2,111 | 3.46% | |
| 99567 | Chugiak | AK | $488,210 | $1,521 | 2.43% | |
| 99645 | Palmer | AK | $446,206 | $2,162 | 3.78% |
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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.