99790, Fairbanks, AK

The Fairbanks zip code of 99790 has a median home value of $269,000 and a median home equity of $101,000. This means that the majority of homes in this zip code are worth more than their original purchase price, and many homeowners have significant equity in their homes.

Home prices in Fairbanks have increased significantly over the past several years, largely due to strong economic growth and low interest rates. The average price of a home in the 99790 zip code was $269,000 as of September 2017, up from $213,500 as of September 2016. Over the same period, the average home equity value increased by almost 25%.

This strong appreciation trend is likely to continue for at least another few years. The current interest rate environment is very favorable for homeownership and house prices, making it an excellent time to buy a home in Fairbanks. Additionally, there is little evidence to suggest that housing prices will decline anytime soon – even if economic conditions change or interest rates rise later on.