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ZIP Code · AK

ZIP 99507

Pop. 37,301·Anchorage Borough·9th most expensive ZIP in Alaska
Median rent (all units)
$1,739/mo
Year-over-Year
-1.4%
Month-over-Month
-1.6%
vs US Median
-$226
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 99507 · $1,739
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,330
2 BR
$1,750
3 BR
$2,430
4 BR+
$2,940
Research median
$1,750/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
$20,868/yr
At $1,739/mo median
Location
StateAK
CountyAnchorage Borough
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.4% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 99507 (Anchorage, AK) is majority owner-occupied, has a median income above the national average, 36.8% of residents hold a bachelor's degree or higher.

Population
37,301
Median income
$107,992
Median age
35.6
Renters
28%
Age distribution
22.1%
26.8%
26.2%
13%
Under 1822.1%
18–3426.8%
35–5426.2%
55–6412%
65+13%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
55.9%
15.1%
14.9%
White55.9%
Black5%
Hispanic9.2%
Asian15.1%
Other14.9%
Education (25+)
24.9%
33.6%
36.8%
No HS diploma4.7%
HS diploma24.9%
Some college33.6%
Bachelor's+36.8%
Housing tenure
72%
28%
Owner72%
Renter28%

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

2021 vs 2026

How ZIP 99507 in Anchorage, AK has changed in 5 years

Rent
$1,436 → $1,739
up 21.1%
Income
$93,265 → $107,992
up 15.8%
Population
35,916 → 37,301
up 3.9%
Renter share
30.3% → 28%
-2.3 pts
Bachelor's+
34.3% → 36.8%
+2.5 pts

Compared with 2021, rent in ZIP 99507 in Anchorage, AK has increased by $303 per month, settling near $1,739 after starting the period at $1,436. On the earnings side, the typical household in ZIP 99507 in Anchorage, AK now reports about $107,992, up from $93,265 in 2021. Rent outpaced income growth by roughly 5.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 35,916 to 37,301 between 2021 and 2024, a 3.9% change. About 28% of households rent today, against 30.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 34.3% to 36.8%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 99507 in Anchorage, AK reflects that arc in its own way.

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Local insights

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About renting in ZIP 99507

Last updated: July 20, 2026

ZIP code 99507 covers Anchorage, AK. The median rent here is $1,739/mo as of July 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,750/mo.

At 19% of local median household income ($107,992/yr), ZIP 99507 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99507?

As of July 20, 2026, the median monthly rent in ZIP 99507 (Anchorage, AK) is $1,739. This is based on aggregated data from public sources and community submissions.

How does ZIP 99507 rent compare to the US average?

ZIP 99507's median rent of $1,739/mo is $226 (12%) below the US national median of $1,965/mo.

How does ZIP 99507 compare to other ZIPs in Alaska?

ZIP 99507 falls in the middle range for Alaska, ranking #9 out of 14 ZIPs at $1,739/mo.

How much income do you need to rent in ZIP 99507?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,739/mo in ZIP 99507. The local median household income is $107,992/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99507?

Rent in ZIP 99507 has decreased 1.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 99507 an affordable place to rent?

ZIP 99507 is considered very affordable for renters. At $1,739/mo, rent takes approximately 19% of the local median household income ($107,992/yr). The standard benchmark is 30%. ZIP 99507 falls comfortably within that range.

What percentage of ZIP 99507 residents rent vs. own?

According to Census data, approximately 28% of ZIP 99507 households are renters, while 72% are owner-occupied. ZIP 99507 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 99507 compare to the rest of Anchorage?

ZIP 99507 is pricier than Anchorage as a whole. At $1,739/mo, it's $29 above the Anchorage citywide median of $1,710/mo.

When was rent data for ZIP 99507 last updated?

Rent data for ZIP 99507 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,739/mo, rent takes ~19% of ZIP 99507's median household income ($107,992/yr). The standard benchmark is 30%.

ZIP 99507 19%Benchmark 30%
State income taxNone
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Public schools near ZIP 99507 (Anchorage, AK)

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