99775, Fairbanks, AK

The 99775 zip code of Fairbanks, AK is located in the Interior Alaska region and has a population of approximately 37,000 people. The median household income in this zip code is $92,000 and the median home value is $269,000. Over the past five years, home prices have increased by an average of 10% annually. This rapid increase in home values can be attributed to a number of factors including low interest rates, limited supply of homes for sale, and strong demand from local residents.

In terms of home equity, homeowners in the 99775 zip code have accumulated an average of $178,000 in equity over the past five years. This amount represents a significant portion of households' total net worth and indicates that homeowners are increasingly confident about their ability to maintain their homes and invest in additional property assets. In addition to home equity, homeowners also benefit from high home prices which provide stability and security during times of economic uncertainty. As long as there is strong demand for residential properties within this zip code and low interest rates remain stable, homeowners should continue to experience healthy appreciation rates on their homes over time.