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ZIP Code · AK

ZIP 99502

Pop. 25,006·Anchorage Borough·8th most expensive ZIP in Alaska
Median rent (all units)
$1,785/mo
Year-over-Year
+14.2%
Month-over-Month
+1.0%
vs US Median
-$180
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 99502 · $1,785
More affordable than 53% of US ZIP codes · National median $1,965/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,350
2 BR
$1,770
3 BR
$2,460
4 BR+
$2,970
Research median
$1,770/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,420/yr
At $1,785/mo median
Location
StateAK
CountyAnchorage Borough
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.2% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 99502 (Anchorage, AK) is majority owner-occupied, has a median income above the national average, 37.7% of residents hold a bachelor's degree or higher.

Population
25,006
Median income
$116,071
Median age
35.9
Renters
29.3%
Age distribution
24.4%
23.9%
30.4%
Under 1824.4%
18–3423.9%
35–5430.4%
55–6411.9%
65+9.4%
Gender
52.2%
47.8%
Male52.2%
Female47.8%
Race & ethnicity
59.6%
20.6%
White59.6%
Black2.6%
Hispanic7%
Asian10.1%
Other20.6%
Education (25+)
26.4%
32.3%
37.7%
No HS diploma3.6%
HS diploma26.4%
Some college32.3%
Bachelor's+37.7%
Housing tenure
70.7%
29.3%
Owner70.7%
Renter29.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 99502 in Anchorage, AK has changed in 5 years

Income
$101,483 → $116,071
up 14.4%
Population
26,288 → 25,006
down 4.9%
Renter share
26.1% → 29.3%
+3.2 pts
Bachelor's+
36.6% → 37.7%
+1.1 pts
Median age
33.3 → 35.9
+2.6 yrs

Local incomes tracked alongside that move, going from a median of $101,483 in 2021 to $116,071 more recently. The population has contracted by 4.9% since 2021, moving from about 26,288 residents to roughly 25,006. Renters now make up 29.3% of households, compared with 26.1% five years ago.

Community

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Local insights

Tips for renters in ZIP 99502

About renting in ZIP 99502

Last updated: July 20, 2026

ZIP code 99502 covers Anchorage, AK. The median rent here is $1,785/mo as of July 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,770/mo.

At 18% of local median household income ($116,071/yr), ZIP 99502 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99502?

As of July 20, 2026, the median monthly rent in ZIP 99502 (Anchorage, AK) is $1,785. This is based on aggregated data from public sources and community submissions.

How does ZIP 99502 rent compare to the US average?

ZIP 99502's median rent of $1,785/mo is $180 (9%) below the US national median of $1,965/mo.

How does ZIP 99502 compare to other ZIPs in Alaska?

ZIP 99502 falls in the middle range for Alaska, ranking #8 out of 14 ZIPs at $1,785/mo.

How much income do you need to rent in ZIP 99502?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,785/mo in ZIP 99502. The local median household income is $116,071/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99502?

Rent in ZIP 99502 has increased 14.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 99502 an affordable place to rent?

ZIP 99502 is considered very affordable for renters. At $1,785/mo, rent takes approximately 18% of the local median household income ($116,071/yr). The standard benchmark is 30%. ZIP 99502 falls comfortably within that range.

What percentage of ZIP 99502 residents rent vs. own?

According to Census data, approximately 29.3% of ZIP 99502 households are renters, while 70.7% are owner-occupied. ZIP 99502 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 99502 compare to the rest of Anchorage?

ZIP 99502 is pricier than Anchorage as a whole. At $1,785/mo, it's $75 above the Anchorage citywide median of $1,710/mo.

When was rent data for ZIP 99502 last updated?

Rent data for ZIP 99502 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,785/mo, rent takes ~18% of ZIP 99502's median household income ($116,071/yr). The standard benchmark is 30%.

ZIP 99502 18%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99502 (Anchorage, AK)

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