ZIP 99508 - 860Z200US99508 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business venture in ZIP 99508, located in Anchorage, Alaska, understanding the area's demographic and housing landscape is essential. This snapshot provides a detailed look at the latest 2023 data, offering clarity on population trends, income levels, housing costs, and cultural diversity. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 99508 is home to a vibrant community of 36,660 residents. This sizable population supports a diverse and active local economy, making it an area of interest for businesses and investors alike. The region comprises 12,623 households, reflecting a mix of family structures and living arrangements. With 14,219 total housing units, there’s a notable inventory of homes, though availability and affordability will depend on market dynamics and individual needs.

Income & Housing Costs

The median household income in ZIP 99508 stands at $72,751, indicating a moderate earning capacity that can support a range of lifestyles. For homebuyers and investors, the median house value is $309,400, suggesting a market that offers opportunities for both entry-level and mid-range properties. Renters, on the other hand, face a median rent of $1,353 per month, which aligns with the income levels but may require careful budgeting for some households. These figures provide a realistic benchmark for assessing affordability and investment potential in this area.

Race & Ethnicity

ZIP 99508 boasts a diverse cultural makeup, which enriches the community and offers unique opportunities for businesses catering to varied demographics. The racial composition includes 38.32% White, 6.19% Black, 12.88% Asian, and 12.71% Hispanic residents. This diversity fosters a dynamic social environment, appealing to those who value inclusivity and a blend of perspectives. For businesses, this mix can translate into a broad customer base with distinct needs and preferences.

Key Facts

• Total population: 36,660 residents, supporting a robust local market.
• Total households: 12,623, reflecting a mix of family and individual living arrangements.
• Total housing units: 14,219, indicating a solid inventory for potential buyers or renters.
• Median household income: $72,751, suggesting moderate financial stability.
• Median house value: $309,400, offering opportunities across price points.
• Median rent: $1,353, a key consideration for renters and property investors.
• Diverse demographics: 38.32% White, 12.88% Asian, 12.71% Hispanic, and 6.19% Black.

What This Means for You

For homebuyers, ZIP 99508 presents a market with a median home value of $309,400, which could be accessible for those with a stable income around or above the area’s median of $72,751. The diversity of the community also means a welcoming environment for families and individuals from various backgrounds. If you’re a real estate investor or agent, the housing unit count of 14,219 and the balance of owned versus rented properties suggest potential for both long-term appreciation and rental income, especially with a median rent of $1,353. Keep an eye on occupancy rates to gauge demand.

For small-business owners, the population of 36,660 and diverse demographic profile offer a promising customer base. Tailoring products or services to meet the needs of different cultural groups—such as Asian or Hispanic communities—could set your business apart. Finally, analysts can use these metrics as a foundation for deeper market studies, whether assessing economic trends or housing demand in ZIP 99508. These data points provide a clear starting point for informed decision-making.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 99508? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest insights tailored to your interests.
• Use the analysis to make informed decisions, whether you’re buying a home, investing, or planning a business venture.