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ZIP Code · AK

ZIP 99654

Part of Wasilla, AK
Pop. 44,647·Matanuska Susitna Borough·5th most expensive ZIP in Alaska
Median rent (all units)
$1,904/mo
Year-over-Year
+8.9%
Month-over-Month
+6.0%
vs US Median
-$61
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 99654 · $1,904
More expensive than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,030
2 BR
$1,350
3 BR
$1,880
4 BR+
$2,260
Research median
$1,350/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
$22,848/yr
At $1,904/mo median
Location
StateAK
CountyMatanuska Susitna Borough
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.9% YoY, +6.0% MoM), not inventory.
Demographics

Who lives here

ZIP 99654 (Wasilla, AK) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 23.6% of residents hold a bachelor's degree or higher.

Population
44,647
Median income
$97,544
Median age
35.3
Renters
28.9%
Age distribution
26.1%
23.2%
26.3%
12.9%
Under 1826.1%
18–3423.2%
35–5426.3%
55–6411.4%
65+12.9%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
74.2%
17.2%
White74.2%
Black1.1%
Hispanic5.9%
Asian1.6%
Other17.2%
Education (25+)
33.1%
37.8%
23.6%
No HS diploma5.5%
HS diploma33.1%
Some college37.8%
Bachelor's+23.6%
Housing tenure
71.1%
28.9%
Owner71.1%
Renter28.9%

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

2021 vs 2026

How ZIP 99654 in Wasilla, AK has changed in 5 years

Income
$80,614 → $97,544
up 21.0%
Population
43,671 → 44,647
up 2.2%
Renter share
27.4% → 28.9%
+1.5 pts
Bachelor's+
23.2% → 23.6%
+0.4 pts

Median household income rose from $80,614 to $97,544 between 2021 and 2024, a 21.0% shift. The population has grown by 2.2% since 2021, moving from about 43,671 residents to roughly 44,647. Renters now make up 28.9% of households, compared with 27.4% five years ago.

Community

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Local insights

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About renting in ZIP 99654

Last updated: July 20, 2026

ZIP code 99654 covers Wasilla, AK. The median rent here is $1,904/mo as of July 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,350/mo.

At 23% of local median household income ($97,544/yr), ZIP 99654 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99654?

As of July 20, 2026, the median monthly rent in ZIP 99654 (Wasilla, AK) is $1,904. This is based on aggregated data from public sources and community submissions.

How does ZIP 99654 rent compare to the US average?

ZIP 99654's median rent of $1,904/mo is $61 (3%) below the US national median of $1,965/mo.

How does ZIP 99654 compare to other ZIPs in Alaska?

ZIP 99654 is one of the pricier ZIP codes in Alaska, ranking #5 out of 14 ZIPs tracked at $1,904/mo.

How much income do you need to rent in ZIP 99654?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,904/mo in ZIP 99654. The local median household income is $97,544/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99654?

Rent in ZIP 99654 has increased 8.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 99654 an affordable place to rent?

ZIP 99654 is considered very affordable for renters. At $1,904/mo, rent takes approximately 23% of the local median household income ($97,544/yr). The standard benchmark is 30%. ZIP 99654 falls comfortably within that range.

What percentage of ZIP 99654 residents rent vs. own?

According to Census data, approximately 28.9% of ZIP 99654 households are renters, while 71.1% are owner-occupied. ZIP 99654 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 99654 compare to the rest of Wasilla?

ZIP 99654 is more affordable than Wasilla overall. At $1,904/mo, it's $119 below the Wasilla citywide median of $2,023/mo.

When was rent data for ZIP 99654 last updated?

Rent data for ZIP 99654 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,904/mo, rent takes ~23% of ZIP 99654's median household income ($97,544/yr). The standard benchmark is 30%.

ZIP 99654 23%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99654 (Wasilla, AK)

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