ZIP Code Market Report
99540 — Anchorage, AK
Data through February 2026 · Updated monthly
Avg Home Value
$549,811
▲ 0.0% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$551,030
Condo / Co-op
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The average home value in the 99540 ZIP code (Anchorage, ALASKA) is $549,811 as of February 2026. Home prices are stable, up 0.0% compared to last year.
The market in 99540 has a $383,839 spread between bottom-tier homes at $349,970 and top-tier homes at $733,808. 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 99540 ZIP code will increase 0.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Anchorage Borough market area in ALASKA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Anchorage Borough report.
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Market Snapshot
99540 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 | $553,461 | $553,274 | $549,811 | ▼ 0.7% |
| Single Family Value | $546,774 | $550,027 | $551,030 | ▲ 0.8% |
Home Values
99540 Home Value Trend
Historical home values for ZIP code 99540. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 99540
How different property types compare in this ZIP code.
All Homes
$549,811
Single Family
$551,030
Bottom Tier
$349,970
Top Tier
$733,808
Forecast
12-Month Home Value Forecast for 99540
Zillow projects home values in 99540 will increase 0.0% over the next year.
Current Value
$549,811
Projected Change
0.0%
▲ 0.0%
Projected Value
--
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 99540 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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