ZIP 99507 - 860Z200US99507 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99507, located in Anchorage, Alaska, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 36,000 and a robust median household income, this ZIP code presents a dynamic community with diverse residents and solid housing metrics. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living or working in 99507.

Population & Households

ZIP 99507 is home to 36,300 residents, making it a moderately sized community within the Anchorage area. These individuals are distributed across 13,389 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 14,552, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing rental properties.

Income & Housing Costs

One of the standout metrics for ZIP 99507 is its median household income of $107,347, which points to a financially stable community with strong earning potential. This figure is particularly relevant for small-business owners assessing local purchasing power or for homebuyers gauging affordability. On the housing front, the median home value is $371,200, reflecting a competitive real estate market with significant investment potential. For renters, the median rent is $1,546 per month, which aligns with the area’s income levels and suggests a balanced rental market for both tenants and landlords.

Race & Ethnicity

The demographic makeup of ZIP 99507 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 53.46% White, 16.22% Asian, 8.97% Hispanic, and 3.77% Black residents, with the remainder comprising other or mixed-race individuals. This diversity can enrich the cultural fabric of the area, offering unique opportunities for businesses catering to varied tastes and for families seeking a vibrant, multifaceted neighborhood.

Key Facts

• Total population: 36,300 residents in ZIP 99507.
• Total households: 13,389, with a mix of family and solo dwellers.
• Total housing units: 14,552, suggesting availability for new occupants.
• Median household income: $107,347, indicating strong local earning power.
• Median home value: $371,200, a solid benchmark for real estate investment.
• Median rent: $1,546, reflecting a stable rental market.
• Diverse community: 53.46% White, 16.22% Asian, 8.97% Hispanic, 3.77% Black.

What This Means for You

For homebuyers, ZIP 99507 offers a promising market with a median home value of $371,200, backed by a strong median income of over $107,000. This suggests that while homes are priced at a premium, residents have the financial capacity to support such investments, making it a stable area for long-term ownership. Real estate investors and agents will find the slight surplus of housing units (14,552 total vs. 13,389 occupied) an opportunity to tap into rental demand, especially with median rents at $1,546. Small-business owners can leverage the area’s diversity and high income levels to target a wide customer base with disposable income, particularly in sectors like retail, dining, or services. Analysts can use these metrics as a baseline to compare 99507 with other Anchorage ZIP codes or to track trends over time, ensuring data-driven insights for clients or stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 99507? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing stats tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.