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ZIP Code · AK

ZIP 99504

Pop. 42,093·Anchorage Borough·3rd most expensive ZIP in Alaska
Median rent (all units)
$2,205/mo
Year-over-Year
+15.1%
Month-over-Month
+2.5%
vs US Median
+$240
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 99504 · $2,205
More expensive than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,220
1 BR
$1,320
2 BR
$1,730
3 BR
$2,410
4 BR+
$2,900
Research median
$1,730/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
$26,460/yr
At $2,205/mo median
Location
StateAK
CountyAnchorage Borough
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.1% YoY, +2.5% MoM), not inventory.
Demographics

Who lives here

ZIP 99504 (Anchorage, AK) is majority owner-occupied, 31.5% of residents hold a bachelor's degree or higher.

Population
42,093
Median income
$86,710
Median age
34.9
Renters
33.9%
Age distribution
24.8%
25.4%
24.4%
15%
Under 1824.8%
18–3425.4%
35–5424.4%
55–6410.4%
65+15%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
40.4%
15.5%
25.1%
White40.4%
Black9.2%
Hispanic9.7%
Asian15.5%
Other25.1%
Education (25+)
26.2%
31.6%
31.5%
No HS diploma10.7%
HS diploma26.2%
Some college31.6%
Bachelor's+31.5%
Housing tenure
66.1%
33.9%
Owner66.1%
Renter33.9%

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

2021 vs 2026

How ZIP 99504 in Anchorage, AK has changed in 5 years

Rent
$1,474 → $2,205
up 49.6%
Income
$78,364 → $86,710
up 10.7%
Population
40,872 → 42,093
up 3.0%
Renter share
32.3% → 33.9%
+1.6 pts
Bachelor's+
29.1% → 31.5%
+2.4 pts
Median age
34 → 34.9
+0.9 yrs

The median rent in ZIP 99504 in Anchorage, AK stood at $1,474 in 2021 and currently runs about $2,205, reflecting a 49.6% increase over the period. Median household income rose from $78,364 to $86,710 between 2021 and 2024, a 10.7% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.0% since 2021, moving from about 40,872 residents to roughly 42,093. Renters now make up 33.9% of households, compared with 32.3% five years ago. College-educated residents now make up 31.5% of adults here, versus 29.1% in 2021. Taken together, the five-year picture in ZIP 99504 in Anchorage, AK reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 99504

Last updated: July 20, 2026

ZIP code 99504 covers Anchorage, AK. The median rent here is $2,205/mo as of July 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,730/mo.

At 31% of local median household income ($86,710/yr), ZIP 99504 ranks as moderate compared to the national benchmark of 30%. Rents have increased 15.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99504?

As of July 20, 2026, the median monthly rent in ZIP 99504 (Anchorage, AK) is $2,205. This is based on aggregated data from public sources and community submissions.

How does ZIP 99504 rent compare to the US average?

ZIP 99504's median rent of $2,205/mo is $240 (12%) above the US national median of $1,965/mo.

How does ZIP 99504 compare to other ZIPs in Alaska?

ZIP 99504 is one of the pricier ZIP codes in Alaska, ranking #3 out of 14 ZIPs tracked at $2,205/mo.

How much income do you need to rent in ZIP 99504?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,205/mo in ZIP 99504. The local median household income is $86,710/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 99504?

Rent in ZIP 99504 has increased 15.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 99504 an affordable place to rent?

ZIP 99504 is considered moderate for renters. At $2,205/mo, rent takes approximately 31% of the local median household income ($86,710/yr). The standard benchmark is 30%. ZIP 99504 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 99504 residents rent vs. own?

According to Census data, approximately 33.9% of ZIP 99504 households are renters, while 66.1% are owner-occupied. ZIP 99504 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 99504 compare to the rest of Anchorage?

ZIP 99504 is pricier than Anchorage as a whole. At $2,205/mo, it's $495 above the Anchorage citywide median of $1,710/mo.

When was rent data for ZIP 99504 last updated?

Rent data for ZIP 99504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,205/mo, rent takes ~31% of ZIP 99504's median household income ($86,710/yr). The standard benchmark is 30%.

ZIP 99504 31%Benchmark 30%
State income taxNone
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