ZIP Code · AK

ZIP 99517

Part of Anchorage, AK

Pop. 16,486·Anchorage Borough·6th most expensive ZIP in Alaska

Median rent (all units)

$1,880/mo

Year-over-Year

+5.6%

Month-over-Month

+0.7%

vs US Median

-$52

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99517 · $1,880

More expensive than 54% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,040

1 BR

$1,120

2 BR

$1,470

3 BR

$2,040

4 BR+

$2,470

Research median

$1,470/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 99517 usually run 1.8% below trend in February and 1.2% above it in June, about $56 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 99517 is at its highest level since Zillow's records here began in September 2021.

Past year vs. the rest of Alaska

Rent in ZIP 99517 changed +5.6% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.

Recent direction

Rent has risen 9 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($103,880) is $2,597 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,470).

Rank in Anchorage

5th cheapest of 8 ZIP codes in Anchorage.

Cheaper nearby

ZIP 99508, 4 miles away, rents for 15% less ($1,603/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99517. 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.

Annual cost

$22,560/yr

At $1,880/mo median

Location

CityAnchorage

StateAK

CountyAnchorage Borough

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.6% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 99517 (Anchorage, AK) is majority owner-occupied, has a median income above the national average, 42.9% of residents hold a bachelor's degree or higher.

Population

16,486

Median income

$103,880

Median age

39.7

Renters

39.9%

Age distribution

21%

22%

28.2%

13%

15.8%

Under 1821%

18–3422%

35–5428.2%

55–6413%

65+15.8%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

60.6%

19%

White60.6%

Black4.1%

Hispanic8%

Asian8.3%

Other19%

Education (25+)

22%

30.3%

42.9%

No HS diploma4.9%

HS diploma22%

Some college30.3%

Bachelor's+42.9%

Housing tenure

60.1%

39.9%

Owner60.1%

Renter39.9%

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

2022 vs 2026

How ZIP 99517 in Anchorage, AK has changed in 5 years

Rent

$1,469 → $1,880

up 28.0%

Income

$85,964 → $103,880

up 20.8%

Population

16,014 → 16,486

up 2.9%

Renter share

39.9% → 39.9%

+0.0 pts

Bachelor's+

43.4% → 42.9%

-0.5 pts

Median age

39.2 → 39.7

+0.5 yrs

Across the past five years, the going rent in ZIP 99517 in Anchorage, AK has shifted from $1,469 to $1,880, up 28.0% since 2022. Local incomes tracked alongside that move, going from a median of $85,964 in 2021 to $103,880 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 99517 in Anchorage, AK adding about 472 residents over the five-year window, up 2.9% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 99517 in Anchorage, AK market of 2022.

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About renting in ZIP 99517

Last updated: October 17, 2026

ZIP code 99517 covers Anchorage, AK. The median rent here is $1,880/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,470/mo.

At 22% of local median household income ($103,880/yr), ZIP 99517 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99517?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,880/mo in ZIP 99517. The local median household income is $103,880/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99517?

Rent in ZIP 99517 has risen 5.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in September 2021.

When is the cheapest time to rent in ZIP 99517?

Asking rents in ZIP 99517 are usually lowest in February, about 1.8% below their yearly trend, and highest in June, about 1.2% above it. At today's median that is a gap of roughly $56 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 99517 compare to other ZIPs in Alaska?

ZIP 99517 is in the middle among Alaska ZIP codes for rent, ranking #6 of 14 at $1,880/mo. Over the year to September 2026, rent in ZIP 99517 changed +5.6%, against a typical +5.1% across the 13 Alaska ZIP codes Zillow tracks.