ZIP Code Market Report
99501 — Anchorage, AK
Data through February 2026 · Updated monthly
Avg Home Value
$343,580
▲ 4.7% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$420,446
Condo / Co-op
$255,410
The average home value in the 99501 ZIP code (Anchorage, Alaska) is $343,580 as of February 2026. Home prices are rising, up 4.7% compared to last year.
A 3-bedroom home in 99501 is valued at $415,577. 1-bedroom units start around $179,031. Single-family homes average $420,446, while condos average $255,410.
The market in 99501 has a $374,811 spread between bottom-tier homes at $207,783 and top-tier homes at $582,594. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 99501 ZIP code will increase 0.2% over the next 12 months, bringing the projected average to approximately $344,267. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Matanuska Susitna Borough market area in Alaska. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Matanuska Susitna Borough report.
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Market Snapshot
99501 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $344,451 | $344,185 | $343,580 | ▼ 0.3% |
| Single Family Value | $419,815 | $420,084 | $420,446 | ▲ 0.2% |
Home Values
99501 Home Value Trend
Historical home values for ZIP code 99501. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 99501
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $179,031 |
| 2 Bedrooms | $302,185 |
| 3 Bedrooms | $415,577 |
| 4 Bedrooms | $628,214 |
Property Types
Home Values by Property Type in 99501
How different property types compare in this ZIP code.
All Homes
$343,580
Single Family
$420,446
Condo / Co-op
$255,410
Bottom Tier
$207,783
Top Tier
$582,594
Forecast
12-Month Home Value Forecast for 99501
Zillow projects home values in 99501 will increase 0.2% over the next year, reaching approximately $344,267.
Current Value
$343,580
Projected Change
+0.2%
▲ 0.2%
Projected Value
$344,267
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 99501 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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