ZIP Code 99540 — Anchorage, AK Home Prices (2026)

The typical home in ZIP 99540 (Anchorage, Alaska) is worth about $576,000 at roughly $226 per square foot — 37% more expensive than the Anchorage median and 96% more expensive than the typical U.S. home.

$576,000

Typical home value

$226

Price per sq ft

#3 of 12

Anchorage ZIPs by value

+37%

vs Anchorage median

How 99540 compares

ZIP 99540 is one of the pricier ZIP codes in Anchorage: its typical home value of $576,000 ranks #3 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 $226, against $263 for Anchorage as a whole, $268 for Alaska, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 99540	$576,000	$226
Anchorage, AK	$419,000	$263
Alaska	$409,000	$268
United States	$294,000	$195

Home value by size in 99540

Using this ZIP’s rate of about $226 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	$226,000
1,500 sq ft	$339,000
2,000 sq ft	$452,000
2,500 sq ft	$565,000
3,000 sq ft	$678,000

Salary needed to buy a home in ZIP 99540

To buy the typical $576,000 home in ZIP 99540 with 20% down, you need a household income of roughly $157,000 a year (about $3,660 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $186,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$28,800	$4,540/mo	$195,000/yr
10% (+PMI)	$57,600	$4,340/mo	$186,000/yr
20%	$115,200	$3,660/mo	$157,000/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 99540

At about $226 per square foot, here is roughly how much home different budgets get you in ZIP 99540:

Budget	Approx. size	What that looks like locally
$300k	1330 sq ft	below the local median — condos, smaller or older homes
$400k	1770 sq ft	below the local median — condos, smaller or older homes
$500k	2210 sq ft	around the typical home here
$600k	2650 sq ft	around the typical home here
$750k	3320 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 99540 home.

Estimate a specific home in 99540

The estimator below is pre-set to ZIP 99540 — 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 99540 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 (this page)	$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	$346,000	$263
12	99503	$338,000	$222

ZIP 99540 home prices: frequently asked

What is the average home price in ZIP code 99540? +

The typical home in ZIP 99540 (Anchorage, AK) is worth about $576,000 as of 2026. That is 37% more expensive than the Anchorage median of $419,000 and 96% more expensive than the U.S. median of $294,000.

What is the price per square foot in 99540? +

About $226 per square foot in 99540, versus $263 across Anchorage and $268 across Alaska. At that rate a 1,500 sq ft home runs roughly $339,000 and a 2,500 sq ft home about $565,000.

What salary do you need to buy a house in ZIP 99540? +

For the typical $576,000 home in ZIP 99540, a household income of about $157,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $186,000; with 5% down about $195,000.

Is 99540 an expensive ZIP code? +

Within Anchorage, 99540 ranks #3 of 12 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Anchorage. Nationally it is relatively expensive.

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.