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ZIP Code · AK

ZIP 99623

Pop. 23,424·Matanuska Susitna Borough·2nd most expensive ZIP in Alaska
Median rent (all units)
$2,362/mo
Year-over-Year
+55.6%
Month-over-Month
+7.6%
vs US Median
+$397
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 99623 · $2,362
More expensive than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,150
1 BR
$1,190
2 BR
$1,560
3 BR
$2,170
4 BR+
$2,620
Research median
$1,560/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
$28,344/yr
At $2,362/mo median
Location
StateAK
CountyMatanuska Susitna Borough
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 55.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+55.6% YoY, +7.6% MoM), not inventory.
Demographics

Who lives here

ZIP 99623 (Meadow Lakes, AK) is majority owner-occupied, has a large share of families with children, 16.9% of residents hold a bachelor's degree or higher.

Population
23,424
Median income
$88,799
Median age
34.9
Renters
18%
Age distribution
28.4%
21.7%
27.3%
Under 1828.4%
18–3421.7%
35–5427.3%
55–6411.5%
65+11.1%
Gender
55.4%
44.6%
Male55.4%
Female44.6%
Race & ethnicity
75.5%
15.6%
White75.5%
Black1.7%
Hispanic4.5%
Asian2.6%
Other15.6%
Education (25+)
40%
35%
16.9%
No HS diploma8.1%
HS diploma40%
Some college35%
Bachelor's+16.9%
Housing tenure
82%
18%
Owner82%
Renter18%

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

2021 vs 2026

How ZIP 99623 in Meadow Lakes, AK has changed in 5 years

Income
$82,188 → $88,799
up 8.0%
Population
21,510 → 23,424
up 8.9%
Renter share
18.9% → 18%
-0.9 pts
Bachelor's+
18.3% → 16.9%
-1.4 pts

Local incomes tracked alongside that move, going from a median of $82,188 in 2021 to $88,799 more recently. Headcount in the area went from 21,510 to 23,424 between 2021 and 2024, a 8.9% change.

Community

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Local insights

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About renting in ZIP 99623

Last updated: July 20, 2026

ZIP code 99623 covers Meadow Lakes, AK. The median rent here is $2,362/mo as of July 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,560/mo.

At 32% of local median household income ($88,799/yr), ZIP 99623 ranks as moderate compared to the national benchmark of 30%. Rents have increased 55.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99623?

As of July 20, 2026, the median monthly rent in ZIP 99623 (Meadow Lakes, AK) is $2,362. This is based on aggregated data from public sources and community submissions.

How does ZIP 99623 rent compare to the US average?

ZIP 99623's median rent of $2,362/mo is $397 (20%) above the US national median of $1,965/mo.

How does ZIP 99623 compare to other ZIPs in Alaska?

ZIP 99623 is one of the pricier ZIP codes in Alaska, ranking #2 out of 14 ZIPs tracked at $2,362/mo.

How much income do you need to rent in ZIP 99623?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (~$45/hour full-time) to afford the median rent of $2,362/mo in ZIP 99623. The local median household income is $88,799/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 99623?

Rent in ZIP 99623 has increased 55.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 99623 an affordable place to rent?

ZIP 99623 is considered moderate for renters. At $2,362/mo, rent takes approximately 32% of the local median household income ($88,799/yr). The standard benchmark is 30%. ZIP 99623 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 99623 residents rent vs. own?

According to Census data, approximately 18% of ZIP 99623 households are renters, while 82% are owner-occupied. ZIP 99623 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 99623 last updated?

Rent data for ZIP 99623 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $2,362/mo, rent takes ~32% of ZIP 99623's median household income ($88,799/yr). The standard benchmark is 30%.

ZIP 99623 32%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99623 (Meadow Lakes, AK)

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