Real Estate Investing in Anchorage, Alaska (99502)
Should you buy in 99502 (Anchorage, AK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Anchorage, AK (99502)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99502 Anchorage
The 99502 ZIP covers a section of Anchorage that demands careful diligence. Prices near $450K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 99502 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Anchorage have seen price recovery that 99502 has not matched. Anchorage Borough data supports the view that the spread is structural rather than temporary.
The 99502 ZIP's population of 26,110 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 99502, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Anchorage:
Property Strategy for 99502
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $155,831 | $1,350 | 6.2% | +2.0% | $155,831 |
| 2BR | $238,542 | $1,770 | 5.3% | +5.2% | $119,271 |
| 3BR | $418,224 | $2,460 | 4.2% | +3.9% | $139,408 |
| 4BR | $532,145 | $2,970 | 4.0% | +3.8% | $133,036 |
| 5BR | $680,846 | — | — | +4.3% | $136,169 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99502 Compare?
| Metric | 99502 | Anchorage | Anchorage, AK | Alaska |
|---|---|---|---|---|
| Home Value | $449,742 | $210,403 | N/A | $378,640 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 3.6% |
| Avg Rent | $1,767 | $1,936 | N/A | - |
| Cap Rate | 3.1% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99502 (Anchorage, AK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $449,742 |
| Monthly Rent | $1,767 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 Rent Trends
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 99502
Population: 26,110
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 99502
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lake Hood Elementary
Northwood ABC
Turnagain Elementary
Aquarian Charter School
West High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,608 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Anchorage, AK?
In Anchorage, AK the median home value sits at $450K. Against the broader AK market, that reads as reasonable for most investors.
Are tenants stable in Anchorage, AK?
Working renters make up the core of the Anchorage, AK tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Anchorage, AK for real estate investors?
Anchorage, AK scores 3.0/5 for investability. Home values sit at $450K and rents near $1,767/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Anchorage, AK?
The best-fit strategy in Anchorage, AK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does house hacking make sense in Anchorage, AK?
House hacking in Anchorage, AK is reasonable to execute. Prices around $450K and rents of $1,767/mo solid owner-occupant economics.
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