Home values, rents and more in ZIP code 99508 (University Area, Anchorage, AK)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 99508 in ProMap- Under $350k
- $350k–$370k
- $370k–$410k
- $410k–$450k
- $450k+
- No data
How 99508 compares
The typical home in ZIP code 99508 (University Area, Anchorage, AK) is worth about $350,000, according to the Zillow Home Value Index for September 2026. Home values in 99508 are 18% below the typical value in the Anchorage metro area ($425,000) and 4% below the U.S. typical value ($366,000).
Over the past year, home values in 99508 rose 6.1%, compared with +5.7% in the Anchorage metro area and +1.2% nationally.
Typical rent is $1,603 a month (Zillow Observed Rent Index), 15% below the Anchorage metro area ($1,890) and 17% below the U.S. ($1,932). Rents rose 6.2% over the past year.
The median household income is $79,314, against $100,505 in the Anchorage metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 36,458 people live in 99508 (American Community Survey 2020–24).
99508 has the 5th-lowest typical home value of the 19 ZIP codes in the Anchorage metro area and the 23rd-lowest of 50 in Alaska with Zillow figures.
Part of: Anchorage, AK · Anchorage Municipality, AK · Anchorage metro area · Alaska
More for 99508 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.