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Sarah Mitchell
Compass Real Estate · ZIP 99701
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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99701 ZIP Code Housing Market
$250,000median sale price
What is the 99701 housing market like right now?
The median home sale price in ZIP code 99701 is $250,000, down 21.9% year-over-year. Homes sell in an average of 47 days with 32 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 99701 ZIP code a buyer's or seller's market?
ZIP code 99701 is currently a balanced market and homes selling in about 47 days. How we determine this →
What are the latest 99701 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $289,900 |
| Year-over-year price change | -21.9% |
| Average days on market | 47 days |
| Active inventory | 32 listings |
| Sale-to-list price ratio | 101.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 99701 zip code is currently classified as a balanced market. The median sale price stands at $250,000, representing a -21.9% change year over year. Homes in this area spend an average of 47 days on the market before going under contract. There are currently 32 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 99701 is tracked as its own local micromarket. Because home prices are set street by street, this ZIP can move differently from the surrounding area's citywide averages. The figures below reflect 99701 specifically — drawn from Redfin transactions, U.S. Census data for its 18,061 residents, and Zillow value estimates.
Homes sold
40
Last 12 weeks
Days on market
47
Average pace
Active listings
32
Sale-to-list
101.3%
Above asking
What is driving the 99701 housing market?
The 99701 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 99701 have declined -21.9% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 99701 stands at $275,235, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,794 per month. This gives a price-to-rent ratio of approximately 12.8, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 99701?
Population
18,061
Median income
$75,668/yr
Median age
33.5 years
Owner-occupied
45.4%
College grads
22.3%
Avg commute
19.07 min
What is it like living in 99701?
Zip code 99701 is home to approximately 18,061 residents. The median household income is $75,668 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 45.4% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 22.3% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 19.07 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 99701.
Which public schools serve ZIP 99701?
18 schools tracked · 13,703 students
The largest public schools serving ZIP code 99701 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Interior Distance Education of Alaska (IDEA)
Grades PK-12 · 7,486 students
Fairbanks B.E.S.T.
Grades PK-12 · 940 students
Lathrop High School
Grades 9-12 · 855 students
Tanana Middle School
Grades 6-8 · 544 students
Ryan Middle School
Grades 6-8 · 480 students
Weller Elementary
Grades PK-5 · 459 students
Barnette Magnet School
Grades PK-8 · 423 students
Randy Smith Middle School
Grades 6-8 · 407 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 99701
What is the median home price in 99701?
The current median sale price in 99701 is $250,000, based on recent Redfin transaction data. Prices have changed -21.9% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 99701 a buyer's or seller's market?
The 99701 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 99701?
Zip code 99701 has a population of approximately 18,061 residents. The median household income is $75,668 per year. About 45.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 99701?
Properties Incorporated provides comprehensive data for 99701 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 99701 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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