The story of this market
The typical home in ZIP 99578 sells for about $559,805, or $267 per square foot.
Prices are up +10.3% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,521 a month.
ZIP 99578 — Eek
The Chugiak housing market shows resilience with a 10.3% year-over-year price increase and a competitive median days on market of 7 days. While inventory remains tight, the high vacancy rate and price-to-rent ratio suggest that the market is better suited for owner-occupants than for passive rental investors.
This ZIP is best suited for family buyers and outdoor enthusiasts who prioritize space and proximity to nature over urban convenience, and who are prepared for a commute to Anchorage.
Median prices moved up 10.3% year over year.
Homes spend a median of 7 days on market with 1.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 5.1% — 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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99567, Anchorage Borough, AK
Crime in the Chugiak area is generally considered low compared to the broader Anchorage municipality, though specific localized trends are not consistently reported at the ZIP level.
Schools serving the area are part of the Anchorage School District, which provides a range of public education options; performance varies by specific school facility.
The area faces risks typical of Southcentral Alaska, including seismic activity and heavy winter snowfall, with insurance premiums often reflecting these environmental factors.
Economic momentum is tied to the broader Anchorage labor market, with local development focused on residential expansion and small-scale commercial services along the Glenn Highway corridor.
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 primarily commute via the Glenn Highway toward the Anchorage employment core, with travel times heavily dependent on traffic conditions and winter weather.
The area offers significant access to outdoor recreation, including proximity to Chugach State Park, local trails, and Oberg Field, with limited retail and dining options within the immediate ZIP.
The rental market is characterized by a high vacancy rate of approximately 17.1%, making it challenging for passive investors to achieve positive cash flow.
The economy is largely driven by the Anchorage metropolitan area, with major sectors including government, healthcare, oil and gas, and tourism.
The Glenn Highway serves as the primary transportation artery connecting the area to the rest of the Anchorage bowl.
Development is primarily focused on low-density residential infill and small-scale commercial projects along the main highway corridor.
The Municipality of Anchorage assesses property values annually based on market data.
Parcels are subject to the Anchorage School District and municipal service area taxes.
Property insurance premiums are influenced by regional hazard risks, including wildfire and seismic exposure.
Alaska is primarily a non-judicial foreclosure state.
Sellers are required to provide a residential real property transfer disclosure statement.
Data retrieved from data.census.gov ZCTA 99567 profile.
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.
Expansive wilderness area offering hiking, wildlife viewing, and outdoor recreation.
Local community park space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.