99712, Fairbanks, AK

The Fairbanks zip code 99712 has a population of just over 30,000 people. The median household income in this zip code is $72,000, which is significantly higher than the national median household income of $53,046. The home equity and home prices in this zip code are both very high. As of September 2017, the median home value in this zip code was $269,500. This is significantly higher than the national median home value of $217,500.

One reason why the home equity and home prices in this zip code are so high is because there are a lot of wealthy people living in this area. Fairbanks is located in Alaska, which is one of the most expensive states to live in America. There are also a lot of wealthy people living in this area because it is a major center for oil production. Oil companies often give their employees generous bonuses and benefits packages, which leads to a high concentration of wealth in this area.

Another reason why the home equity and home prices in this zip code are so high is because there are a lot of luxury homes available for sale here. Many people who live in Fairbanks want to buy a luxury house because it represents prestige and status within the community. There are also many wealthy people who commute to work from outside of Fairbanks because they want to be close to all the amenities that the city has to offer. As a result, there is an abundance of luxury homes available for sale here that can command high prices.