The story of this market
The typical home in ZIP 99587 sells for about $635,000, or $477 per square foot.
Prices are up +3.3% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,788 a month.
ZIP 99587
ZIP 99587 (Girdwood) represents a resort-style housing enclave south of Anchorage with tight active inventory and sustained demand for primary and recreational homes. Low transaction volume keeps days on market elevated relative to urban Anchorage, but premium pricing per square foot reflects scarce developable land and proximity to Alyeska Resort.
Fits outdoor recreation enthusiasts, ski-resort professionals, remote workers, and second-home investors looking for a mountain-community lifestyle within driving reach of Anchorage.
Median prices moved up 3.3% year over year.
Homes spend a median of 55 days on market with 7.3 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 8.6% — 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 6.5%/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 6.5%/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 99587, Anchorage Municipality AK
Girdwood exhibits violent and property crime rates substantially below the Municipality of Anchorage urban core and national baselines, reflecting its secluded resort-town geography.
Girdwood School (K-8) serves the immediate area under the Anchorage School District and maintains strong academic performance and community involvement; high school students typically attend South Anchorage High School via district transit.
High seasonal snowfall brings periodic avalanche and winter driving hazards along the Seward Highway corridor, alongside low-to-moderate coastal earthquake and wildfire interface risk.
Economic and construction activity centers around tourism and recreation anchored by Alyeska Resort, with ongoing municipal discussions regarding workforce housing expansion on Heritage Land Bank parcels.
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.
Commuters drive approximately 35 to 45 miles northbound to downtown Anchorage and Midtown via the scenic Seward Highway (AK-1), a scenic coastal drive prone to severe winter weather delays.
Home to Alyeska Resort offering downhill skiing, snowshoeing, bike park trails, and the Nordic Spa, with direct access to Chugach State Park and Chugach National Forest trail networks.
The rental inventory is heavily influenced by short-term vacation rentals and seasonal workforce demand driven by the ski resort, creating notable tightness for year-round long-term residential leasing.
The economy is predominantly hospitality- and recreation-driven, dominated by Alyeska Resort, regional tourism operators, local retail, and outdoor services.
Highway AK-1 (Seward Highway) is the sole vehicular route connecting Girdwood north to Anchorage and south to the Kenai Peninsula; Glacier Valley Transit provides local valley shuttles.
Municipal planning focuses on balancing valley conservation with residential infill through Heritage Land Bank land-disposal projects and workforce housing initiatives.
Governed by the Municipality of Anchorage with local services managed through the Girdwood Valley Service Area for fire protection, parks, and secondary road maintenance.
Insurance premiums reflect coastal mountain snow loads, earthquake risk zones, and potential wildfire wildland-urban interface exposures.
Data retrieved via U.S. Census Bureau ACS 5-Year Estimates ZCTA 99587 profiling Girdwood, Alaska.
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.
- Alaska Wildlife Conservation Center4.69.9 mi
- Alyeska Aerial Tram4.67.6 mi
- Begich, Boggs Visitor Center4.611.8 mi
- Portage Glacier Cruises4.812.7 mi
- Crow Pass Trailhead4.89.6 mi
- Prince William Sound Museum4.714.1 mi
- Buckner Building4.314.1 mi
- Roundhouse at Alyeska Museum4.66.9 mi
- Alaska Wildlife Conservation Center4.69.9 mi
- Alyeska Resort4.47.1 mi
- Virgin Creek Falls Trailhead4.98.4 mi
- Byron Glacier Trailhead4.812.6 mi
- Crow Pass Trailhead4.89.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Alaska's premier downhill ski area featuring mountain lifts, aerial tram, and a Nordic Spa.
Popular rainforest trail offering hiking, hand tram river crossing, and connection to Chugach National Forest.
Central civic hub with the Girdwood Public Library, post office, local bakeries, and retail shops.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.