ZIP Code · AK

ZIP 99502

Part of Anchorage, AK

Pop. 25,006·Anchorage Borough·8th most expensive ZIP in Alaska

Median rent (all units)

$1,828/mo

Year-over-Year

+4.2%

Month-over-Month

Stable

vs US Median

-$104

Reported rents

Stable (Monthly)

Be the first to discuss 99502 rents ↓

Most AffordableMost Expensive

ZIP 99502 · $1,828

More expensive than 51% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 99502 is 0.2% below its high of $1,832 in July 2026, at $1,828 as of September 2026.

Past year vs. the rest of Alaska

Rent in ZIP 99502 changed +4.2% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($116,071) is $2,902 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,460); a 4-bedroom is $2,970.

Rank in Anchorage

4th cheapest of 8 ZIP codes in Anchorage.

Cheaper nearby

ZIP 99508, 7 miles away, rents for 12% less ($1,603/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99502. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,936/yr

At $1,828/mo median

Location

CityAnchorage

StateAK

CountyAnchorage Borough

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.2% YoY, -0.1% 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

2023 vs 2026

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

Rent

$1,611 → $1,828

up 13.5%

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

The median rent in ZIP 99502 in Anchorage, AK stood at $1,611 in 2023 and currently runs about $1,828, reflecting a 13.5% increase over the period. 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. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 99502 in Anchorage, AK market of 2023.

Community

Discussions about ZIP 99502

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 99502

About renting in ZIP 99502

Last updated: October 17, 2026

ZIP code 99502 covers Anchorage, AK. The median rent here is $1,828/mo as of October 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,770/mo.

At 19% of local median household income ($116,071/yr), ZIP 99502 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

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 $73,000/year (about $35/hour full-time) to afford the median rent of $1,828/mo in ZIP 99502. The local median household income is $116,071/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99502?

Rent in ZIP 99502 has risen 4.2% over the past year as of September 2026. It sits 0.2% below its high of $1,832 in July 2026.

How does ZIP 99502 compare to other ZIPs in Alaska?

ZIP 99502 is in the middle among Alaska ZIP codes for rent, ranking #8 of 14 at $1,828/mo. Over the year to September 2026, rent in ZIP 99502 changed +4.2%, against a typical +5.1% across the 13 Alaska ZIP codes Zillow tracks.