ZIP Code · AK

ZIP 99611

Part of Kenai, AK

Pop. 16,510·Kenai Peninsula Borough·14th most expensive ZIP in Alaska

Median rent (all units)

$1,423/mo

Year-over-Year

Stable

Month-over-Month

-2.3%

vs US Median

-$509

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 99611 · $1,423

More affordable than 78% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$950

1 BR

$950

2 BR

$1,250

3 BR

$1,740

4 BR+

$2,100

Research median

$1,250/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

What a typical income covers

30% of the median household income ($79,757) is $1,994 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,740); a 4-bedroom is $2,100.

From Zillow's monthly rent index (ZORI) for ZIP 99611. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,076/yr

At $1,423/mo median

Location

CityKenai

StateAK

CountyKenai Peninsula Borough

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -2.3% MoM), not inventory.

Demographics

Who lives here

ZIP 99611 (Kenai, AK) is majority owner-occupied, has a large share of families with children, 25.6% of residents hold a bachelor's degree or higher.

Population

16,510

Median income

$79,757

Median age

35.7

Renters

24.3%

Age distribution

25.9%

22.7%

24.8%

15.7%

Under 1825.9%

18–3422.7%

35–5424.8%

55–6410.9%

65+15.7%

Gender

53.5%

46.5%

Male53.5%

Female46.5%

Race & ethnicity

72.1%

16.9%

White72.1%

Black0.8%

Hispanic6.8%

Asian3.4%

Other16.9%

Education (25+)

36.4%

32.6%

25.6%

No HS diploma5.4%

HS diploma36.4%

Some college32.6%

Bachelor's+25.6%

Housing tenure

75.7%

24.3%

Owner75.7%

Renter24.3%

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

2021 vs 2026

How ZIP 99611 in Kenai, AK has changed in 5 years

Income

$67,965 → $79,757

up 17.4%

Population

14,594 → 16,510

up 13.1%

Renter share

26.5% → 24.3%

-2.2 pts

Bachelor's+

19.9% → 25.6%

+5.7 pts

Median age

36.7 → 35.7

-1.0 yrs

Household income in the area moved from $67,965 to $79,757 across the same window, up 17.4% versus 2021. Census counts show ZIP 99611 in Kenai, AK adding about 1,916 residents over the five-year window, up 13.1% on net. The renter share has eased from 26.5% to 24.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 19.9% to 25.6% across the same window.

Community

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Local insights

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About renting in ZIP 99611

Last updated: October 17, 2026

ZIP code 99611 covers Kenai, AK. The median rent here is $1,423/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,250/mo.

At 21% of local median household income ($79,757/yr), ZIP 99611 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99611?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,423/mo in ZIP 99611. The local median household income is $79,757/yr, so the typical household meets that bar.