Real Estate Investing in Soldotna, Alaska (99669)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Kenai Peninsula Borough • Population: 15,722 • Data updated: September 2026

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Should you buy in 99669 (Soldotna, AK)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 19.7% of homes vacant — above national norms.

What’s happening in Soldotna, AK (99669)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $377,988
Avg Monthly Rent $1,739
1% Rule ✗ Does Not Meet
Median Income $88,552
% Renters 23.1%

Market Analysis: 99669 Soldotna

ZIP 99669 in Soldotna, AK carries a notable set of headwinds. Home values near $378K and rents of $1,739/mo sit inside a market where underwriting has to be tight.

Distressed markets are won on execution, not on spreadsheets. ZIP 99669 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.

Nearby ZIPs in Soldotna have seen price recovery that 99669 has not matched. Kenai Peninsula Borough data supports the view that the spread is structural rather than temporary.

Resident income in 99669 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Strategically, 99669 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Soldotna:

C+ Average
Buy Confidence Score: 67/100
Affordability
15/25
Appreciation
18/25
Stability
11/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.3× the median income
Value Trend
Rising (+9.5%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,739/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 99669

Which property type performs best in this market?

Best for Cash Flow
3BR
3.8% cap rate
Best for Appreciation
3BR
+4.3% 5yr CAGR
Best Overall Value
3BR
$117,565/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $291,945 $1,330 3.3% +3.9% $145,973
3BR $352,695 $1,850 3.8% +4.3% $117,565
4BR $470,616 $2,230 3.4% +4.0% $117,654

Market Trends

Home Value History (with trend line)

$392K$351K$310K$269K$228K$187KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,829$1,745$1,662$1,579$1,496$1,412Apr 2025Dec 2025Jul 2026

📊 How Does 99669 Compare?

Metric 99669 Soldotna Alaska
Home Value $377,988 $372,237 $378,640
5-Year CAGR 4.1% 4.2% 3.6%
Avg Rent $1,739 $1,378 -
Cap Rate 3.6% 2.9% -
💡 Why Invest in 99669? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 99669 (Soldotna, AK). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.6%
Low
5yr Growth
+4.1%
Moderate

📊 Market Snapshot

Home Value $377,988
Monthly Rent $1,739
Price-to-Rent 18.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.5%
Cap Rate 3.6%
5-Year IRR 7.7%

📈 Home Appreciation

1-Year +9.5% ▲
3-Year CAGR +4.3% ▲
5-Year CAGR +4.1% ▲
10-Year CAGR +4.0% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.6%  |  30yr Rate: 7.0%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (3.6%). 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.

Vacancy
19.7%
Elevated risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+4.1%
Stable
Eviction process: Fast Rent control: Moderate

Demographics in 99669

Population: 15,722

💰 Median Household Income
$88,552
This area
$88,552
State
$64,271
USA
$74,580
🏠 Renter Occupied
23.1%
This area
23.1%
State
30.7%
USA
34.0%
💼 Unemployment Rate
3.2%
This area
3.2%
State
-13.0%
USA
3.7%
🎓 College Educated
26.1%
This area
26.1%
State
-3.6%
USA
33.7%
👤 Median Age
41.3 years
This area
41.3 years
State
2.6 years
USA
38.9 years
🏚️ Vacancy Rate
19.7%
This area
19.7%
State
37.0%
USA
10.5%
👥 Population by Ethnicity
White 83.9%
Other/Mixed 13.6%
Hispanic/Latino 4.6%
Asian 1.5%
Black/African American 1.0%
👶 Under 18
23.3%
This area
23.3%
USA
22.0%
👴 65 and Over
16.2%
This area
16.2%
USA
17.3%
📊 Poverty Rate
6.9%
This area
6.9%
USA
11.5%

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 99669

A Avg School Grade
8 Schools
23.4:1 Avg Class Size
$20,460 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Kalifornsky Beach Elementary

📚 Pre-K – 06 School
👥
412 Students
👨‍🏫
14.9:1 Class Size
💰
$20,460 Per Student
A+ Excellent

Skyview Middle School

📚 07 – 08 Middle
👥
334 Students
👨‍🏫
14.2:1 Class Size
💰
$20,460 Per Student
A+ Excellent

Soldotna Elementary

📚 Pre-K – 06 School
👥
253 Students
👨‍🏫
12.2:1 Class Size
💰
$20,460 Per Student
A Very Good

Redoubt Elementary

📚 Pre-K – 06 School
👥
347 Students
👨‍🏫
15.2:1 Class Size
💰
$20,460 Per Student
A Very Good

Soldotna High School

📚 09 – 12 High School
👥
738 Students
👨‍🏫
17.8:1 Class Size
💰
$20,460 Per Student
A Very Good

River City Academy

📚 07 – 12 High School
👥
74 Students
👨‍🏫
13.5:1 Class Size
💰
$20,460 Per Student
B+ Above Average

Soldotna Montessori Charter School

📚 K – 06 School Charter
👥
164 Students
👨‍🏫
15.9:1 Class Size
💰
$20,460 Per Student
C+ Average

Connections

📚 K – 12 K-12
👥
1,118 Students
👨‍🏫
83.6:1 Class Size
💰
$20,460 Per Student
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

1 Nearby
C
Alaska Christian College
64 students · 6.9 mi

Frequently Asked Questions

Are tenants stable in Soldotna, AK?

Soldotna, AK draws a consistent base of working renters. Demand at the $1,739/mo rent level is reasonable for standard single-family and small multi rentals.

What is the investability score for Soldotna, AK?

Yes - Soldotna, AK a 3.0/5 investability score. With $378K home prices against $1,739/mo monthly rent, the market delivers a reasonable entry point for new investors.

Where do home prices stand in Soldotna, AK?

Soldotna, AK home values average about $378K. That price point suits investors targeting rentals with $1,739/mo in monthly income.

Is vacancy a concern in Soldotna, AK?

Rental vacancy in Soldotna, AK is elevated. Investors should budget normal turnover but not chronic empty units.

Are eviction rules reasonable in Soldotna, AK?

Soldotna, AK falls under AK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

You know 99669 now. You don’t know where it ranks.

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