Home values, rents and more in ZIP code 99516 (Rabbit Creek, Anchorage, AK)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 99516 in ProMap- Under $350k
- $350k–$370k
- $370k–$430k
- $430k–$490k
- $490k+
- No data
How 99516 compares
The typical home in ZIP code 99516 (Rabbit Creek, Anchorage, AK) is worth about $697,000, according to the Zillow Home Value Index for September 2026. Home values in 99516 are 1.6 times the typical value in the Anchorage metro area ($425,000) and 1.9 times the U.S. typical value ($366,000).
Over the past year, home values in 99516 rose 5.3%, compared with +5.7% in the Anchorage metro area and +1.2% nationally.
Typical rent is $3,650 a month (Zillow Observed Rent Index), 1.9 times the Anchorage metro area ($1,890) and 1.9 times the U.S. ($1,932).
The median household income is $173,984, against $100,505 in the Anchorage metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 21,500 people live in 99516 (American Community Survey 2020–24).
99516 has the 2nd-highest typical home value of the 19 ZIP codes in the Anchorage metro area and the 2nd-highest of 50 in Alaska with Zillow figures.
Part of: Anchorage, AK · Anchorage Municipality, AK · Anchorage metro area · Alaska
More for 99516 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.