Real Estate Investing in Wasilla, Alaska (99654)
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Should you buy in 99654 (Wasilla, AK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Wasilla, AK (99654)?
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Market Analysis: 99654 Wasilla
Not every below-median market is a bargain. Wasilla's 99654 ZIP sits at signals that favor experienced operators who can absorb the risk $439K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 99654 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 99654 and stronger Wasilla ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 99654 includes headwinds that any investor should price in. Income distribution skews lower than Wasilla averages, and tenant stability requires active management.
Strategy in 99654 is an operator game, not a passive one. Turning to rents, entry prices of $439K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wasilla:
Property Strategy for 99654
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,186 | $1,350 | 3.4% | +5.4% | $142,093 |
| 3BR | $392,224 | $1,880 | 3.5% | +5.4% | $130,741 |
| 4BR | $500,681 | $2,260 | 3.2% | +5.4% | $125,170 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99654 Compare?
| Metric | 99654 | Wasilla | Anchorage, AK | Alaska |
|---|---|---|---|---|
| Home Value | $438,547 | $438,547 | N/A | $378,640 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 3.6% |
| Avg Rent | $1,887 | $1,887 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99654 (Wasilla, AK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $438,547 |
| Monthly Rent | $1,887 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +16.4% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 99654
Population: 44,420
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 99654
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Wasilla, AK?
The renter base in Wasilla, AK is reasonable for the $1,887/mo price point. Screening well and pricing to market typically yields steady tenants.
Is Wasilla, AK landlord-friendly?
AK law landlord-friendly for landlords, and Wasilla inherits those rules. Investors should still review local ordinances for rental licensing.
Is housing expensive in Wasilla, AK?
Wasilla, AK median home values land near $439K. That is reasonable territory for investors looking at $1,887/mo-per-month rentals.
How viable is house hacking in Wasilla, AK?
The house hack math a challenging in Wasilla, AK. Owner-occupant buyers benefit from the $1,887/mo rents and $439K home values.
What is the typical vacancy rate in Wasilla, AK?
Wasilla, AK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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