Zip 99701 (Fairbanks, AK) Housing

The housing market in 99701 Fairbanks, AK is significantly different than the US median. The median value of a home in 99701 Fairbanks, AK is $217,400, which is much lower than the national median of $338,100. Additionally, homes in this area have appreciated only 1.58% over the past year compared to a 8.27% appreciation nationally. Therefore, potential homebuyers looking to purchase in this area should be aware that their investment would likely not appreciate as quickly as it would elsewhere.

The median home cost in Fairbanks (zip 99701) is $217,400. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairbanks (zip 99701) is up 8.2%.

Average Age of Homes

- The median age of Fairbanks (zip 99701) real estate is 42 years old

The Rental Market in Fairbanks (zip 99701)

- Renters make up 48.3% of the Fairbanks (zip 99701) population
- 5.3% of houses and apartments in Fairbanks (zip 99701), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fairbanks, Alaska	United States
	8,809.0	139,647,020.0
	44	42
	$217,400	$338,100
	8.2%	16.6%
	31.0%	57.0%
	43.5%	101.1%
	$13.70	$10.98
	$2,808	$2,690
	35.9%	57.4%
	18.3%	11.2%
	45.8%	31.4%
Vacant Housing
	5.3%	1.9%
	1.1%	0.4%
	0.8%	0.7%
	1.2%	0.4%
	1.7%	3.6%
	8.2%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	4.8%	2.4%
	1.3%	2.8%
	2.0%	3.9%
	3.4%	4.5%
	12.3%	11.3%
	19.7%	13.0%
	31.5%	20.1%
	15.7%	13.6%
	1.3%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	6.3%	13.6%
	26.1%	13.2%
	23.3%	14.8%
	6.3%	13.6%
	14.0%	10.0%
	6.1%	4.7%
	3.6%	12.2%

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