The story of this market
The typical home in ZIP 99572 sells for about $425,000, or $245 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 99572 — Cooper Landing
The housing market in 99572 is characterized by low inventory and stable, slow-growth pricing, typical of a remote, recreation-focused community. Market activity remains limited by the small population size and seasonal nature of the local economy, with no significant new development pipeline reported.
This ZIP is best suited for outdoor enthusiasts, retirees, and those seeking a remote, nature-focused lifestyle, rather than traditional commuters or investors looking for high-density rental yields.
Median prices moved up 2.1% year over year.
Homes spend a median of 88 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 6.5% — 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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 99572, Kenai Peninsula Borough, Alaska
Crime rates in Cooper Landing are significantly lower than the national and state averages, reflecting its status as a small, remote, and tight-knit community.
The area is served by the Kenai Peninsula Borough School District, which provides standard public education; however, due to the small population, students often travel to larger nearby communities for specialized secondary schooling.
The region faces significant wildfire risks during summer months and is located in a seismically active zone, necessitating robust insurance coverage and adherence to local building codes.
Economic momentum is primarily driven by seasonal tourism, outdoor recreation, and local services, with limited large-scale industrial or corporate 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).
Commuting is primarily by private vehicle along the Sterling Highway, with travel times to major employment hubs like Soldotna or Anchorage exceeding one hour.
The area is a premier destination for outdoor enthusiasts, featuring world-class fishing on the Kenai River, extensive hiking trails in the Chugach National Forest, and proximity to Kenai Lake.
The rental market is characterized by high seasonal demand due to tourism, leading to limited long-term inventory and upward pressure on rents during summer months.
The local economy is heavily reliant on the tourism and hospitality sectors, supported by seasonal visitors and outdoor recreation services.
Transportation is almost exclusively dependent on the Sterling Highway, which serves as the primary corridor for both local travel and regional connectivity.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP code.
The Kenai Peninsula Borough Assessing Department manages property valuations, typically conducting periodic reviews to ensure assessments align with market trends.
Parcels are subject to Kenai Peninsula Borough property taxes and may fall within specific service area districts for fire protection or road maintenance.
Property insurance premiums are influenced by the area's remote location, wildfire risk, and the logistical challenges of providing emergency services.
Alaska has experienced modest net domestic migration fluctuations, with rural areas like the Kenai Peninsula seeing stable but slow population growth.
Alaska is primarily a non-judicial foreclosure state, allowing for a streamlined process under the deed of trust framework.
Alaska law requires sellers to provide a residential real property transfer disclosure statement covering the condition of the property.
Data retrieved from Census Bureau ZCTA-level profiles.
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.
World-renowned for salmon fishing and recreational boating.
Provides vast wilderness access for hiking, camping, and wildlife viewing.
A major scenic landmark offering fishing and water-based recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.