99701, Fairbanks, AK

The Fairbanks zip code of 99701 has a median home value of $269,000. This is significantly higher than the Alaska median home value of $146,500. The Fairbanks zip code also has a high percentage of homes with a mortgage, at over 60%. This is likely due to the high cost of living in Fairbanks and the fact that many residents are unable to find affordable housing outside the city.

Despite this, home prices have been on the rise in Fairbanks for several years now. In March 2016, Zillow reported that the Fairbanks zip code had the third-highest increase in home values among all U.S. zip codes over the past year. This trend seems likely to continue as long as there is demand for housing in Fairbanks and as long as interest rates remain low.