Meadow Lakes, AK 99623 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Meadow Lakes, AK—99623

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$374,000

6.3% YoY Growth

Household Income

$87,600

N/A

Days on Market

18.0% Shorter YoY

Home Price Forecast

0.2%

Median Rent

$1,850

2.0% YoY Growth

1-Bed Rent

$1,200

40.2% YoY Growth

2-Bed Rent

$1,600

14.8% YoY Growth

3-Bed Rent

$2,000

1.9% YoY Growth

Home Price Trends — Meadow Lakes, AK

As of May '25, the median home price in Meadow Lakes, AK is $351,000, with a year-over-year change of 4.4%. This indicates that home prices in Meadow Lakes, AK are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$374,000	6.3%
Single Family	$376,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Meadow Lakes, AK

As of July '25, Rentcast reports the average rent in Meadow Lakes, AK is $2,000, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Meadow Lakes, AK is 1-bedrooms: $1,190, 2-bedrooms: $1,710, 3-bedrooms: $2,200, 4-bedrooms: $2,950. The most common rental property sizes in Meadow Lakes, AK are 3-bedroom and 2-bedroom, accounting for 44.2% and 28.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$2,000
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,190
2 Bed Rent	$1,600	$1,710
3 Bed Rent	$2,000	$2,200
4 Bed Rent	$2,800	$2,950

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% of Rental Stock

Studio

6.4%

1 Bedroom

11.9%

2 Bedrooms

28.3%

3 Bedrooms

44.2%

4 Bedrooms

8.2%

5+ Bedrooms

1.1%

Property Listings — Meadow Lakes, AK

As of May '25, Realtor.com reports that the median days on market for a home in Meadow Lakes, AK is 79. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$454,000	2.0%
Listing Count	195	3.0%
Listings as % of Homes	0.7%	3.0%
Days on Market	37	-18.0%

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Demographics — Meadow Lakes, AK

Meadow Lakes, AK lacks sufficient demographic data for analysis.

Metric	Latest Census	YoY % Change
Population	22,800	N/A
% Under 18	26.7%	N/A
% Seniors	11.2%	N/A
% WFH	8.4%	N/A
% w/ College Degree	17.3%	N/A

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Meadow Lakes, AK lacks sufficient race and ethnicity data for analysis.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	74.6%	N/A
% Black	1.5%	N/A
% Hispanic	4.4%	N/A
% Asian	3.0%	N/A
% Foreign Born	2.6%	N/A

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Mortgage and Risk — Meadow Lakes, AK

According to HUD data as of 2023, there were 572 mortgage originations in Meadow Lakes, AK, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Meadow Lakes, AK. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	572
% Conventional Loans	51.0%
% Government Loans	49.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Meadow Lakes, AK

As of 2024, the percent of homes in Meadow Lakes, AK under the Section 8 program is 5.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Meadow Lakes, AK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	73
Total Units Section 8	68
% Rentals under Section 8	5.4%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$1,200	$1,180
2 Bedroom	-$50	$1,600	$1,550
3 Bedroom	$170	$2,000	$2,170
4 Bedroom	-$200	$2,800	$2,600

Meadow Lakes, AK—99623

Key Metrics at a Glance

Home Price Trends — Meadow Lakes, AK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Meadow Lakes, AK

% of Rental Stock

Property Listings — Meadow Lakes, AK

Demographics — Meadow Lakes, AK

Race and Ethnicity

Mortgage and Risk — Meadow Lakes, AK

Mortgages

Rentals and Section 8 — Meadow Lakes, AK

Section 8 Market Size

Section 8 Opportunity

Affordability — Meadow Lakes, AK

Home Price to Income Ratio

Meadow Lakes, AK — ZIP Code Boundary Map

Nearby ZIP Codes

Big Lake

Tuomi, AK

Houston

Anchorage Central, Anchorage, AK

Chugiak, Anchorage, AK

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$374,000
Median Household Income	$87,600

Meadow Lakes, AK—99623

Key Metrics at a Glance

Home Price Trends — Meadow Lakes, AK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Meadow Lakes, AK

% of Rental Stock

Property Listings — Meadow Lakes, AK

Demographics — Meadow Lakes, AK

Race and Ethnicity

Mortgage and Risk — Meadow Lakes, AK

Mortgages

Rentals and Section 8 — Meadow Lakes, AK

Section 8 Market Size

Section 8 Opportunity

Affordability — Meadow Lakes, AK

Home Price to Income Ratio

Meadow Lakes, AK — ZIP Code Boundary Map

Nearby ZIP Codes

Big Lake

Tuomi, AK

Houston

Anchorage Central, Anchorage, AK

Chugiak, Anchorage, AK

Frequently Asked Questions

What is the average home price in Meadow Lakes, AK 99623?

How have home prices in Meadow Lakes, AK 99623 changed over the past year?

What is the home price projection for Meadow Lakes, AK 99623?

What are the demographics of Meadow Lakes, AK 99623?

How long does it take homes to sell in Meadow Lakes, AK 99623?

What is the average rent price in Meadow Lakes, AK 99623?