ZIP 99504
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 99504 usually run 0.9% below trend in January and 1.1% above it in July, about $44 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 99504 is at its highest level since Zillow's records here began in April 2015.
Rent in ZIP 99504 changed +5.7% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.
From 2019 to 2024, rent in ZIP 99504 rose 31.9% while median household income rose 9.1% ($79,472 to $86,710). Rent outpaced income.
Rent in ZIP 99504 is 45.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($86,710) is $2,168 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,730); a 3-bedroom is $2,410.
8th cheapest of 8 ZIP codes in Anchorage.
ZIP 99508, 2 miles away, rents for 27% less ($1,603/mo), about $7,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 99504. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 99504 (Anchorage, AK) is majority owner-occupied, 31.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 99504 in Anchorage, AK has changed in 5 years
The median rent in ZIP 99504 in Anchorage, AK stood at $1,596 in 2021 and currently runs about $2,209, reflecting a 38.4% 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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Tips for renters in ZIP 99504
Last updated: October 17, 2026
ZIP code 99504 covers Anchorage, AK. The median rent here is $2,209/mo as of October 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 5.7% over the past year.
Frequently asked questions
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How does ZIP 99504 compare to other ZIPs in Alaska?
How does ZIP 99504 compare to the rest of Anchorage?
At $2,209/mo, rent takes ~31% of ZIP 99504's median household income ($86,710/yr). The standard benchmark is 30%.
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