ZIP Code 99518 — Anchorage, AK Home Prices (2026)
The typical home in ZIP 99518 (Anchorage, Alaska) is worth about $346,000 at roughly $263 per square foot — 17% more affordable than the Anchorage median and 18% more expensive than the typical U.S. home.
How 99518 compares
ZIP 99518 is one of the more affordable ZIP codes in Anchorage: its typical home value of $346,000 ranks #11 of the 12 Anchorage ZIP codes we track (the citywide range runs from $338,000 in 99503 to $724,000 in 99587). Per square foot it costs about $263, against $263 for Anchorage as a whole, $268 for Alaska, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 99518 | $346,000 | $263 |
| Anchorage, AK | $419,000 | $263 |
| Alaska | $409,000 | $268 |
| United States | $294,000 | $195 |
Home value by size in 99518
Using this ZIP’s rate of about $263 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $263,000 |
| 1,500 sq ft | $394,500 |
| 2,000 sq ft | $526,000 |
| 2,500 sq ft | $657,500 |
| 3,000 sq ft | $789,000 |
Salary needed to buy a home in ZIP 99518
To buy the typical $346,000 home in ZIP 99518 with 20% down, you need a household income of roughly $94,000 a year (about $2,200 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $112,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $17,300 | $2,730/mo | $117,000/yr |
| 10% (+PMI) | $34,600 | $2,610/mo | $112,000/yr |
| 20% | $69,200 | $2,200/mo | $94,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 99518
At about $263 per square foot, here is roughly how much home different budgets get you in ZIP 99518:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 760 sq ft | below the local median — condos, smaller or older homes |
| $250k | 950 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1140 sq ft | around the typical home here |
| $400k | 1520 sq ft | around the typical home here |
| $500k | 1900 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 99518 home.
Estimate a specific home in 99518
The estimator below is pre-set to ZIP 99518 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Anchorage ZIP codes by home value
Where 99518 sits among Anchorage’s 12 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 99587 | $724,000 | $664 |
| 2 | 99516 | $698,000 | $290 |
| 3 | 99540 | $576,000 | $226 |
| 4 | 99515 | $481,000 | $266 |
| 5 | 99502 | $453,000 | $275 |
| 6 | 99507 | $427,000 | $262 |
| 7 | 99517 | $411,000 | $239 |
| 8 | 99504 | $369,000 | $224 |
| 9 | 99501 | $363,000 | $287 |
| 10 | 99508 | $352,000 | $222 |
| 11 | 99518 (this page) | $346,000 | $263 |
| 12 | 99503 | $338,000 | $222 |
ZIP 99518 home prices: frequently asked
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See the full Anchorage home values page, all Alaska cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.