99672, Sterling, AK

The Sterling zip code of 99672 has a population of just under 2,000 people. The median household income in this zip code is just over $50,000, which is significantly higher than the statewide median household income of just over $48,000. In addition, the homeownership rate in this zip code is approximately 73%, which is significantly higher than the statewide homeownership rate of 62%.

One reason that the homeownership rate in this zip code is so high is likely because there are a lot of affluent residents living in this area. In fact, according to Zillow’s 2018 Home Value Index report, the median home value in Sterling is $269,700. This means that most homes in this zip code are worth at least $100,000 more than the statewide median home value of $197,500.

Another factor that may contribute to the high homeownership rate in Sterling is the low number of homes for sale. According to data from Trulia’s 2019 State Of The Market Report, there are only 36 homes for sale within a 10-mile radius of Sterling ZIP Code 99672. This means that it can be difficult for potential homebuyers to find a suitable property within their budget.

Despite these positive factors, there are some risks associated with owning a home in Sterling ZIP Code 99672. For example, although the homeownership rate is high here, it's possible that interest rates could rise and make it harder for people to afford their mortgages. Additionally, if there was an economic downturn or another housing market crash within a 10-mile radius of Sterling ZIP Code 99672 (which has happened before), it could have serious consequences for residents here.