The story of this market
The typical home in ZIP 99516 sells for about $752,500, or $290 per square foot.
Prices are up +15.3% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,550 a month.
ZIP 99516
The 99516 housing market remains highly competitive with strong price appreciation and limited inventory, reflecting high demand for upper-middle-class housing. Buyers are driving a fast-paced market, supported by a robust local economy and high median household incomes. While some figures like specific months of supply are estimated based on current listing volume, the overall trend indicates a seller-favored environment.
This ZIP is ideal for established families and professionals seeking larger single-family homes with proximity to outdoor recreation and a suburban feel within the Anchorage municipality.
Median prices moved up 15.3% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 2.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 99516, Anchorage Municipality, AK
The area generally experiences lower crime rates compared to the broader Anchorage urban core, though property crime remains a regional concern.
Schools serving the area are part of the Anchorage School District, generally characterized by stable performance metrics relative to the state average.
The region faces risks from seismic activity and heavy winter snowfall, with insurance premiums reflecting these environmental factors.
Economic momentum is driven by proximity to major Anchorage employers in healthcare, logistics, and government, with limited new residential land availability.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alaska) — Municipal Property Tax: Tax is calculated as (Assessed Value - Exemptions) * Mill Rate. Municipalities are authorized to levy taxes and impose liens for enforcement. Exemptions include mandatory state-required exemptions (e.g., for certain residents) and optional local exemptions. State (Alaska) — Mandatory Property Tax Exemptions: Exemption of the first $150,000 of assessed value from municipal property taxation. State (Alaska) — Municipal Property Tax: Tax is calculated by multiplying the assessed value of the property by the local mill rate. State law mandates a mandatory exemption of the first $150,000 of assessed value for senior citizens (65+) and disabled veterans (50%+ service-connected disability). State (Alaska) — Optional Municipal Residential / Homestead Exemption Authorization: Allows municipal taxing bodies to exempt a percentage of the assessed value (commonly up to 20%, often capped at $50,000, as implemented in jurisdictions like Anchorage) for owner-occupied primary residences. State (Alaska) — Statewide Senior Citizen and Disabled Veteran Property Tax Exemption: Mandates that municipalities exempt the first $150,000 of assessed property value from ad valorem taxation. Formula: Taxable Value = Max(0, Assessed Value - $150,000).
Residents typically face a 20-25 minute drive to downtown Anchorage or the Ted Stevens International Airport via the Seward Highway corridor.
The area offers extensive access to the Chugach State Park trail systems, local neighborhood parks, and proximity to Hilltop Ski Area.
The rental market is characterized by low vacancy rates and sustained demand, with limited new multi-family inventory entering the local market.
The economy is anchored by the Municipality of Anchorage's diverse base, including healthcare, oil and gas support, and military-related industries.
The area is primarily auto-dependent, served by the Seward Highway and local arterial roads connecting to the broader Anchorage transit network.
Development is largely infill-focused due to geographic constraints and protected land boundaries.
The Municipality of Anchorage Property Appraisal Division conducts annual assessments based on market value.
Parcels are subject to the Anchorage School District and various municipal service area taxes.
Property insurance markets are stable but sensitive to wildfire risk and seismic hazard mitigation requirements.
Data retrieved from Census Reporter and data.census.gov for ZCTA 99516.
- Dave & Buster's Anchorage4.24.8 mi
- Center Bowl4.28 mi
- Chuck E. Cheese48 mi
- Fresh Cup Playhouse4.54.7 mi
- Alaska Escape Rooms59.7 mi
- Alaska Native Heritage Center4.710 mi
- Golden Corral Buffet & Grill4.17.1 mi
- Alaska Rock Gym4.77.6 mi
- Alaska Aviation Museum4.69 mi
- The Dome4.56.5 mi
- Anchorage Museum4.69.4 mi
- Alaska Native Heritage Center4.710 mi
- Kincaid Park4.810.3 mi
- Beluga Point4.76.4 mi
- Alaska Zoo4.32.3 mi
- Anchorage Museum4.69.4 mi
- Alaska Native Heritage Center4.710 mi
- Middle Way Café4.38.4 mi
- Alaska Aviation Museum4.69 mi
- Elderberry Park4.59.8 mi
- Kincaid Park4.810.3 mi
- Earthquake Park4.510.1 mi
- Glen Alps / Flattop Trailhead4.83.2 mi
- Potter Marsh Wildlife Viewing Boardwalk4.72 mi
- Alaska Botanical Garden4.76 mi
- Moose Run Golf Course4.310.5 mi
- Anchorage Golf Course4.52.9 mi
- Fox Hollow Golf Course & Sports Dome4.43 mi
- Russian Jack Springs Park North4.38.5 mi
- Dimond Center4.24.8 mi
- Fred Meyer4.17.8 mi
- Anchorage 5th Avenue Mall4.29.5 mi
- Fred Meyer4.33.8 mi
- New Sagaya Midtown Market4.47.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Massive state park offering extensive hiking, wildlife viewing, and mountain access.
Popular local ski area providing winter recreation and training facilities.
Key-figure check: median price diverges 19.6% from the nearest retained anchor (published ten-year series (2026)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $899,997 (19.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration.