ZIP 99502 - 860Z200US99502 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99502, located in Anchorage, Alaska, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a robust median household income, this ZIP code presents a mix of residential stability and economic potential. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 99502 is home to 26,110 residents, making it a moderately sized community within the Anchorage area. These individuals are distributed across 9,144 households, reflecting a strong residential base. The total number of housing units stands at 9,931, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for homebuyers or renters looking to settle in the area, as well as for investors eyeing vacant units.

Income & Housing Costs

One of the standout metrics for ZIP 99502 is its median household income of $118,494, which signals a financially stable community. This figure positions the area as an attractive spot for businesses targeting middle- to upper-income consumers. On the housing front, the median home value is $408,000, reflecting a competitive real estate market that could appeal to investors seeking long-term appreciation. For renters, the median rent of $1,661 per month indicates a significant cost, yet it aligns with the area’s higher income levels, suggesting affordability for many residents.

Race & Ethnicity

The demographic makeup of ZIP 99502 showcases a diverse yet predominantly white population. Approximately 57.55% of residents identify as white, while 8.74% are Asian, 8.28% are Hispanic, and 2.71% are Black. This diversity, though not evenly distributed, contributes to a culturally rich community. For businesses and investors, understanding this composition can help tailor services, marketing, or property developments to meet the needs of various cultural groups within the area.

Key Facts

• Total population: 26,110 residents in ZIP 99502 as of 2023.
• Total households: 9,144, supporting a strong residential foundation.
• Total housing units: 9,931, with some availability for new occupants.
• Median household income: $118,494, indicating economic strength.
• Median home value: $408,000, reflecting a valuable real estate market.
• Median rent: $1,661, aligning with the area’s income profile.
• Racial composition: 57.55% white, 8.74% Asian, 8.28% Hispanic, 2.71% Black.

What This Means for You

For homebuyers, ZIP 99502 offers a stable community with a median home value of $408,000, which could be a solid long-term investment given the area’s high median income of $118,494. The slight surplus of housing units (9,931 total versus 9,144 households) may provide some negotiating room in a competitive market. Renters should note the median rent of $1,661, which, while significant, matches the earning potential of many local households.

Real estate investors and agents will find opportunity in the area’s economic indicators. The combination of high home values and income levels suggests potential for property appreciation and rental demand, especially with a diverse population that may have varied housing needs. The data points to a market where strategic investments could yield strong returns.

Small-business owners can leverage the demographic diversity and income strength of ZIP 99502. With over 26,000 residents and a median household income well above national averages, there’s a clear customer base for goods and services tailored to middle- and upper-income families. Additionally, the cultural mix offers a chance to cater to niche markets within the community.

Analysts and researchers can use these metrics as a baseline for deeper studies into Anchorage’s housing trends, economic disparities, or demographic shifts. The data provides a snapshot that can inform broader regional analyses or targeted local strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 99502? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business venture.