Here Are the Most Expensive ZIP Codes in Alaska, Per Zillow Data

Alaska is absolutely massive and contains few major cities, namely the largest city Anchorage and the capital Juneau, plus Fairbanks. More important is the fact that Alaska, like Hawaii, has a cost of living that leaves the 48 contiguous states in the dust.

This makes Alaska a fascinating state to analyze in terms of wealth and property values. Read on to find out the most expensive zip codes in Alaska in 2024, based on the latest data from Zillow’s Home Value Index.

The most expensive zip codes in Alaska

Utilization of data from Zillow’s Home Value Indexand Census Bureau’s 2023 American Community SurveyWe analyzed thousands of postcodes across the country as part of a general survey of expensive places. From there we focused our attention on Alaska. Zillow’s Home Value Index tracks (as of November 2024) the home values ​​of 48 zip codes in the Alaska.

As part of our analysis, we considered the most recent monthly home values ​​that Zillow has — November 2024 — as well as the average of the 12-month median home values ​​from December 2023 to November 2024.

Although home values ​​have grown tremendously across America since the pandemic-induced buying frenzy, the increase in home values ​​among the most expensive zip codes in Alaska has been more gradual. Further down the list, however, we can see much larger increases in the value of the home over the last five years.

The 5 most expensive zip codes in Alaska

The most expensive postcode no. 1 in Alaska is 99516 which covers Southeast Anchorage, specifically several communities such as Huffman/O’Malley, Rabbit Creek, Bear Valley and Glen Alps. The location is beautiful, especially near the coast. Wealth here is plentiful, with a median household income of $160,341, which even for Alaska’s high cost of living is quite high. The median household income is $203,294. Home values ​​have increased steadily, by 23.9%, from an average home value of $508,375 in November 2019 to $630,129 in November 2024.

The second most expensive zip code in Alaska is 99540. This zip code is also southeast of downtown Anchorage, and southeast of no. 1 most expensive postcode. Centered on the Indian community, but within the Anchorage city limits, zip code 99540 stretches from Beluga Point in the west to Bird Point in the east. The median household income is actually lower than the statewide median, at $82,969. The median household income is $103,370. Home appreciation here has also been steady rather than increasing. From an average home value of $483,319 in November 2019, it increased by 17% to reach $565,296 in November 2024.

The third most expensive zip code in Alaska is 99801, which is centered on Juneau; and it is huge. Home values ​​are affected by small groups of expensive houses that bring the whole average up. Incomes here are higher than the national average, but within range of Alaska’s overall median: the median household income is $101,141 and the average household income is $124,113. Home values ​​increased by a fifth, from a median home value of $407,936 in November 2019, up to $489,328 in November 2024.

The bottom line on the most expensive zip codes in Alaska

Out of the top 10 most expensive zip codes in Alaska, one zip code – 99572 – experienced double-digit home value growth over one year: 11.1% year-over-year increase from $416,930 in November 2023 to $463,151 in November 2024. ZIP. code 99572 is in the Anchorage area, but centered on Cooper Landing, south of downtown Anchorage at the headwaters of Kenai Lake.