99706, Fairbanks, AK

The Fairbanks zip code of 99706 has a population of just over 30,000 people and a median home value of just over $260,000. This makes it one of the more expensive zip codes in Alaska, and it also has one of the highest home equity values in the state. In fact, according to Zillow’s 2018 Home Value Report, the home equity value in this zip code is almost twice as high as the next most valuable zip code in Alaska.

One reason for this high home equity value is likely due to the strong economy in Fairbanks. The city has been experiencing strong job growth over the past few years, which has led to an increase in demand for housing. Additionally, Fairbanks is located near some of Alaska’s most valuable real estate assets – like oil fields – which have helped drive up prices overall.

Despite these positive factors, there are still some risks associated with buying a home in this zip code. For example, there is a higher than average rate of foreclosure activity in this area, so buyers should be prepared for potential delays or problems when trying to close on their purchase. Additionally, while prices have been rising steadily over the past few years, they may not continue doing so indefinitely – so buyers should be prepared to make an investment if they want to buy a property here.