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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −14.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −7.1% YoY, is the number to watch.
The median listing price is down 14.4% YoY while the median home got down 14.4% bigger, so value per square foot is up 9.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: Studio (no price per sq ft reported).
At the median, a $415K purchase rents for $1,600/mo: 0.39% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Rentals here take about 3 days longer to find a tenant than sales take to go under contract (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
Not shown: Multi-Family (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 99501 itself, not its parent county.
Renters hold 62.8% of this ZIP's 7,610 occupied households, on a median household income of $71K.
| Measure | ZIP 99501 | Anchorage Municipality | Difference |
|---|---|---|---|
| Median Household Income | $71K | $103K | -$32K |
| Below Poverty Level | 13.5% | 8.9% | +4.6% |
| Median Age | 38.20 | 35.20 | +3.00 |
| Total Population | 16,175 | 288,976 | -- |
| Avg Household Size | 1.94 | 2.59 | -0.65 |
| Owner-Occupied | 37.2% | 63.9% | -26.7% |
| Worked From Home | 10.3% | 10.9% | -0.6% |
| Mean Commute | 16.00 | 18.80 | -2.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.0% to 288,976: residents under 18 are down 1.0% and those 65 and over are up 3.5%.
County median household income is $103K, 8.9% of residents are below the poverty level, 10.9% work from home.