The story of this market
The typical home in ZIP 99566 sells for about $560,000, or $267 per square foot.
Prices are up +10.3% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 99566 — Chitina
The Chugiak housing market remains competitive with low inventory and rising prices, driven by strong demand from commuters and limited supply. While year-over-year price growth is robust, the market shows signs of stabilization as inventory levels remain tight. Figures for specific metrics like price cuts are based on current active listing data.
This area is ideal for families and outdoor enthusiasts who prefer a suburban or semi-rural lifestyle while maintaining access to Anchorage's employment and amenities.
Median prices moved up 10.3% year over year.
Homes spend a median of 7 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 3.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99567, Anchorage Municipality, Alaska
Chugiak is served by the Anchorage School District, with local schools generally maintaining stable performance ratings within the regional context.
The area faces risks typical of Southcentral Alaska, including seismic activity and heavy winter snowfall, with insurance premiums reflecting these environmental factors.
Economic momentum is driven by its proximity to Anchorage, serving as a residential hub for commuters with limited local commercial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alaska) — Municipal Property Tax: Tax is calculated as (Assessed Value - Exemptions) * Mill Rate. Municipalities are authorized to levy taxes and impose liens for enforcement. Exemptions include mandatory state-required exemptions (e.g., for certain residents) and optional local exemptions. State (Alaska) — Mandatory Property Tax Exemptions: Exemption of the first $150,000 of assessed value from municipal property taxation. State (Alaska) — Municipal Property Tax: Tax is calculated by multiplying the assessed value of the property by the local mill rate. State law mandates a mandatory exemption of the first $150,000 of assessed value for senior citizens (65+) and disabled veterans (50%+ service-connected disability). State (Alaska) — Optional Municipal Residential / Homestead Exemption Authorization: Allows municipal taxing bodies to exempt a percentage of the assessed value (commonly up to 20%, often capped at $50,000, as implemented in jurisdictions like Anchorage) for owner-occupied primary residences. State (Alaska) — Statewide Senior Citizen and Disabled Veteran Property Tax Exemption: Mandates that municipalities exempt the first $150,000 of assessed property value from ad valorem taxation. Formula: Taxable Value = Max(0, Assessed Value - $150,000).
Residents primarily commute via the Glenn Highway toward Anchorage, which serves as the primary employment and service core for the region.
The area offers extensive access to outdoor recreation, including Chugach State Park, local trail systems, and proximity to Eklutna Lake.
The rental market is characterized by low vacancy rates and high demand from military personnel and commuters, with limited new multi-family inventory.
The economy is heavily linked to the Anchorage metropolitan area, with significant employment in government, military, and logistics sectors.
The Glenn Highway is the primary transit corridor connecting the area to the Anchorage urban core.
Development is primarily focused on low-density residential expansion with limited large-scale commercial projects currently approved.
The Municipality of Anchorage assesses property values annually based on market data and physical inspections.
Parcels are subject to the Anchorage School District and various municipal service area taxes.
Property insurance costs are influenced by regional wildfire and seismic risk profiles common to the Anchorage Bowl.
Data retrieved from Census Bureau and PlainZIP aggregations.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
One of the largest state parks in the US, offering extensive hiking and wilderness access.
A major regional destination for kayaking, camping, and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.