99502, Anchorage, AK

The 99502 zip code of Anchorage, AK has a median home value of $269,000 and a median home equity value of $146,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but less than the amount of money that would be needed to repay the mortgage on the property. In addition, this zip code has a low rate of foreclosure activity, indicating that most homeowners in this area are able to keep their homes for a long time.

One reason why homeowners in the 99502 zip code are able to keep their homes for a long time is because there is a high demand for housing in this area. Many people want to live in Anchorage because it is an exciting city with many opportunities for career growth. Additionally, many people who live in this area appreciate its natural beauty and enjoy hiking and biking trails nearby.

Despite these positive factors, there are some challenges facing homeowners in the 99502 zip code. One issue is that prices have been increasing faster than wages over the past few years, which makes it difficult for many people to afford to buy a home outright. In addition, there is also a high level of student debt outstanding in this area, which may make it difficult for some people to qualify for mortgages or take out other loans necessary to purchase a home.