99701
Fairbanks, Alaska.
Fairbanks, Fairbanks North Star Borough, AK · Fairbanks, AK metro · population 18,061
to buy the typical home at today's mortgage rate — +$609 (+74%) since Jan 2020.
- 1 year
- Up $17,262 +7%
- $256,169$273,431 since Sep 2025
- 5 years
- Up $33,229 +14%
- $240,202$273,431 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 99701$1,435
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in zip 99701 rose 6.7% over the past year — faster than the nation's +1.2%.
Asking rents in zip 99701 rose 4.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in zip 99701 runs $93/mo more than renting one. The gap peaked at $137 in Feb 2024.
That is $1,999 a month against $1,907 rent: a $1,435 mortgage payment, plus $271 property tax and $293 insurance & upkeep.
Owning vs renting — zip 99701
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,999
- Renting$1,907
- Mortgage only$1,435
Property tax · $271/mo 1.19% of value a year — the ACS 2020-2024 median bill over the median home value for Fairbanks North Star Borough, AK
Insurance & upkeep · $293/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
This zip spans 2 counties: 02290 97% · Fairbanks North Star Borough, AK 3%
Zillow also publishes an index for the city itself: Fairbanks, AK — measured over the city limits, which is a different area from this zip.
Asking rent — 99701
Against the Fairbanks, AK metro and the national benchmark.
- 99701$1,907
- Fairbanks$1,839
- United States$1,932
Typical home value — 99701
Mid-tier homes, smoothed and seasonally adjusted.
- 99701$273,431
- Fairbanks$314,300
- United States$366,157
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.