The story of this market
The typical home in ZIP 99623 sells for about $400,000, or $225 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,601 a month.
ZIP 99623 — Meadow Lakes
ZIP 99623 in the Mat-Su Borough maintains steady demand as a primary exurban alternative to Anchorage, supported by relatively accessible pricing and larger lot footprints. While higher interest rates have moderated listing velocity to an average of 68 days on market, sales prices have remained stable near $400,000. Limited inventory in central Anchorage continues to direct prospective owner-occupants along the Glenn and Parks corridors toward Knik-Fairview and Wasilla.
Well-suited for outdoor-oriented families and Anchorage commuters seeking newer construction, larger lot sizes, and relatively more affordable single-family housing than Anchorage proper.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 68 days on market with 2.8 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 11.2% — 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 5.7%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 99623, Matanuska-Susitna Borough AK
Crime rates in the 99623 area (covering parts of Wasilla and Knik-Fairview) are generally lower to comparable relative to the urban core of Anchorage, characterized primarily by property crimes rather than violent offenses.
Public schools are administered by the Matanuska-Susitna Borough School District, typically earning average to above-average statewide performance marks with favorable student-teacher ratios.
Low flood risk overall away from localized water bodies, but elevated exposure to seismic events and winter wind storms, alongside seasonal wildfire exposure across boreal forested parcels.
Consistent exurban expansion driven by bedroom-community demand commuting toward Anchorage and Wasilla, supported by steady new single-family subdivision construction in the Knik-Goose Bay corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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). State (Alaska) — Alaska Statutory Real Property Assessment Ratio and Municipal Levy Authority: Imposes an ad valorem property tax assessed at 100% full and true value (fair market value assessment ratio of 1.0) under AS 29.45.110.
Commuting into Anchorage entails a 45-to-65 minute drive south along the Knik-Goose Bay Road and the Glenn Highway, which experiences severe seasonal winter weather slowing transit times.
Abundant outdoor access including the Knik Goose Bay recreation corridors, Settlers Bay Golf Course, local trail systems, and access to nearby lakes such as Big Lake and Wasilla Lake within short driving distances.
Rental stock is relatively tight and concentrated in single-family detached homes or duplexes, with minimal institutional multi-family inventory and modest seasonal short-term rental activity.
Anchor local employment revolves around education, Mat-Su Borough public administration, healthcare, and retail services, with a major proportion of working residents commuting to Anchorage.
Transit is almost exclusively vehicle-dependent via Knik-Goose Bay Road and the Parks Highway; no public passenger rail or mass fixed-route bus service connects directly to Anchorage.
Long-range plans focus primarily on corridor traffic safety expansion and ongoing parcel platting for low-density single-family residential subdivisions.
Parcels are subject to Matanuska-Susitna Borough taxes and specific road service areas (RSAs) or fire service areas (FSAs), but lack independent MUD/PID structures common in other states.
Property insurance is influenced by winter freeze conditions, distance to closest rural fire hydrants/stations, and seismic building codes, keeping premiums moderately higher than national baselines.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 99623.
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.
18-hole championship public golf course located along the Knik-Goose Bay corridor featuring views of the Chugach Range.
Public access point for fishing, winter snowmachining, and watercraft activities.
Primary regional retail hub immediately north along the Parks Highway offering big-box retail and healthcare services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.