ZIP 99508
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 99508 usually run 1.1% below trend in January and 1.3% above it in August, about $38 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 99508 is 0.1% below its high of $1,605 in August 2026, at $1,603 as of September 2026.
Rent in ZIP 99508 changed +6.2% 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 99508 rose 41% while median household income rose 23.5% ($64,244 to $79,314). Rent outpaced income.
Rent in ZIP 99508 is 51.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 10 of the last 12 months.
30% of the median household income ($79,314) is $1,983 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,560); a 3-bedroom is $2,170.
2nd cheapest of 8 ZIP codes in Anchorage.
From Zillow's monthly rent index (ZORI) for ZIP 99508. 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 99508 (Anchorage, AK) is roughly split between renters and owners, has a large share of families with children, 28.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 99508 in Anchorage, AK has changed in 5 years
Rent in ZIP 99508 in Anchorage, AK has climbed 49.3% since 2021, going from about $1,074 per month to roughly $1,603 today. Census figures show median household income at $79,314 today, compared with $66,601 five years earlier. Rent outpaced income growth by roughly 30.2 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 39,926 to 36,458 between 2021 and 2024, a 8.7% change. About 46.8% of households rent today, against 50.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.8% to 28.8%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 99508
Last updated: October 17, 2026
ZIP code 99508 covers Anchorage, AK. The median rent here is $1,603/mo as of October 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,560/mo.
At 24% of local median household income ($79,314/yr), ZIP 99508 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.2% over the past year.
Frequently asked questions
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How does ZIP 99508 compare to other ZIPs in Alaska?
How does ZIP 99508 compare to the rest of Anchorage?
At $1,603/mo, rent takes ~24% of ZIP 99508's median household income ($79,314/yr). The standard benchmark is 30%.
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