The story of this market
The typical home in ZIP 99517 sells for about $465,000, or $262 per square foot.
Prices are up +26.5% from a year ago, so sellers still have some momentum. Homes take about 9 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,364 a month.
ZIP 99517
ZIP 99517 in West Anchorage demonstrates a tight, highly competitive housing environment characterized by short days on market (9 days) and a median sale price of approximately $465,000. Limited buildable land across the Anchorage Bowl keeps supply constrained, supporting steady valuations despite elevated interest rates. Demand is reinforced by the area's strategic location next to Ted Stevens Anchorage International Airport, central employment nodes, and coastal recreational corridors.
ZIP 99517 is well-suited for aviation personnel, logistics professionals, and medical or municipal workers wanting short commutes to downtown and the airport. It also appeals to outdoor enthusiasts who prioritize immediate walking and biking access to the coastal trail system.
Median prices moved up 26.5% year over year.
Homes spend a median of 9 days on market with 1.2 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.3% · poverty 9.7% — 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 4.4%/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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 99517, Anchorage AK
Crime rates in ZIP 99517, which encompasses West Anchorage neighborhoods like Spenard and Turnagain, reflect a mixed urban profile. Turnagain reports below-average property and violent crime rates, while the commercial corridors of Spenard experience higher incidences of property theft and localized disturbances relative to the municipality average.
Public schools serving ZIP 99517 belong to the Anchorage School District and offer respected neighborhood and alternative options, including Turnagain Elementary and Romig Middle School. High school students generally feed into West Anchorage High School, known for its International Baccalaureate programme.
The area carries significant seismic risk as part of south-central Alaska's active tectonic zone, with portions near the Turnagain coastal bluff subject to historic earthquake slide risks (such as the 1964 event). Flood risks are predominantly localized along coastal buffers and Fish Creek, while winter windstorms and extreme cold represent the primary seasonal climate risks.
Economic and development momentum is anchored by close proximity to Ted Stevens Anchorage International Airport and downtown Anchorage. Infill residential redevelopment and small-scale commercial modernization characterize the Spenard and northern Minnesota Drive corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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). State (Alaska) — Alaska Statutory Real Property Assessment Ratio and Municipal Levy Authority: Imposes an ad valorem property tax assessed at 100% full and true value (fair market value assessment ratio of 1.0) under AS 29.45.110.
ZIP 99517 offers direct 5- to 10-minute commutes to Downtown Anchorage via Minnesota Drive, Northern Lights Boulevard, and Spenard Road. Ted Stevens Anchorage International Airport sits directly adjacent, providing 5-minute transit for aviation logistics workers.
Recreational amenities are extensive, highlighted by access to the Tony Knowles Coastal Trail, Earthquake Park, and Lake Hood. Residents also access neighborhood parks like Fish Creek Park and the scenic coastal shoreline along Knik Arm.
Rental demand is brisk due to proximity to the airport, midtown business district, and hospitality corridors. Median rents track around $1,900 per month, with steady absorption for multifamily units and duplexes across the Spenard and Turnagain transition areas.
The economic base surrounding 99517 is powered by air cargo operations and passenger services at Ted Stevens Anchorage International Airport, state and federal government offices in Downtown Anchorage, and regional healthcare systems.
Commuters rely on Minnesota Drive, Northern Lights Boulevard, and Wisconsin Street. People Mover provides local bus connectivity to Downtown and Midtown transit centers.
Municipal planning under Anchorage 2040 promotes mixed-use infill along transit corridors like Spenard Road, with relaxed parking and accessory dwelling unit standards to boost housing capacity.
Properties in 99517 sit within Anchorage Municipal Service Area boundaries, receiving municipal police, fire, road maintenance, and Anchorage School District coverage under combined tax levy millages.
Property insurance rates are stable compared to southern storm-exposed markets, though earthquake endorsements carry elevated deductibles and premiums due to subduction zone risks.
Data retrieved from U.S. Census Bureau ACS 5-year tables for ZCTA 99517 and published data profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Anchorage4.24 mi
- Center Bowl4.20.8 mi
- Chuck E. Cheese41.9 mi
- Fresh Cup Playhouse4.54.1 mi
- Alaska Escape Rooms52.2 mi
- Alaska Native Heritage Center4.77.8 mi
- Golden Corral Buffet & Grill4.11.9 mi
- Alaska Rock Gym4.72.1 mi
- Alaska Aviation Museum4.61.5 mi
- The Dome4.52.3 mi
- Anchorage Museum4.62.4 mi
- Alaska Native Heritage Center4.77.8 mi
- Kincaid Park4.84.8 mi
- Alaska Zoo4.36.7 mi
- Cinemark Century Anchorage 16 and XD4.41.9 mi
- Anchorage Museum4.62.4 mi
- Alaska Native Heritage Center4.77.8 mi
- Alaska Aviation Museum4.61.5 mi
- Middle Way Café4.30.9 mi
- Elderberry Park4.52.1 mi
- Kincaid Park4.84.8 mi
- Earthquake Park4.51.6 mi
- Glen Alps / Flattop Trailhead4.810.3 mi
- Potter Marsh Wildlife Viewing Boardwalk4.78.6 mi
- Alaska Botanical Garden4.75.8 mi
- Moose Run Golf Course4.39.4 mi
- Anchorage Golf Course4.55.9 mi
- Fox Hollow Golf Course & Sports Dome4.46 mi
- Russian Jack Springs Park North4.35.2 mi
- Dimond Center4.23.9 mi
- Fred Meyer4.12.4 mi
- Anchorage 5th Avenue Mall4.22.4 mi
- Fred Meyer4.35 mi
- New Sagaya Midtown Market4.42.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
134-acre park dedicated to the 1964 Good Friday Earthquake, featuring interpretive trails and scenic points.
Famous 11-mile paved trail tracing the coast along Turnagain Arm and Knik Arm, passing directly through 99517.
World's busiest seaplane base with bordering multi-use paths and viewing points.
Overlook park adjacent to the airport perimeter with views of Mount Susitna and inlet tidal waters.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.