99921, Craig, AK

The home equity and home prices in the 99921 zip code of Craig, AK are very high. The median home value in this zip code is $1,890,000 which is more than triple the statewide median home value of $480,000. Additionally, the average home equity in this zip code is $269,000 which is also significantly higher than the statewide average of $130,000. This indicates that many homeowners in this zip code have a considerable amount of wealth invested in their homes.

There are a number of reasons why the home equity and home prices in this zip code are so high. First, Craig has a relatively small population size compared to other areas of Alaska so there is limited competition for homes. Second, Craig has a strong economy with many jobs located within the city limits. Third, there is a lot of investment money available to purchase homes in Craig due to its favorable tax climate and low unemployment rate. Fourth, Craig's housing market has been stable over the past few years which has helped to increase property values. Finally, many homeowners in this zip code have been able to get generous financing options from banks and other lenders which has helped to increase their net worths even further.