How much is a home worth in ZIP code 99709?

The typical home in 99709 is worth $312,143, based on the Zillow Home Value Index.

Are home values rising in 99709?

Home values in 99709 are up 1.6% over the past year, and up 1.7% a year over five years.

What is the typical rent in 99709?

A typical home in 99709 rents for about $1,707 a month, a gross rental yield of 6.6%.

What is the property tax rate in 99709?

The effective property tax rate in 99709 is 1.2% — roughly $3,613 a year on a typical home.

ZIP code 99709 has a population of 29,551 and a median household income of $86,294.

HousingHandbookReference data

…

U.S. ZIP Code · AK99709

Fairbanks North Star Borough · Fairbanks-College, AK

Typical home value

$312,143^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +1.7%
10-year / yr: +2.7%

Relative price

vs U.S.: +9.9%
vs metro: ≈ metro median
vs state: -10.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 99709 is worth $312,143. Over the past year, values have risen 1.6%. Homes here rent for a typical $1,707 a month — a 6.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,707^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $3,613^[3]

#Climate risk

FEMA National Risk Index ratings for Fairbanks North Star Borough. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: No Rating
Heat wave: Insufficient Data
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 29,551^[3]
Median household income: $86,294^[3]

#Migration

Household moves in and out of Fairbanks North Star Borough over a year, from IRS tax-return data.

Net migration: -528^[5]
Moved in: 3,671
Moved out: 4,199

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 4
Middle: 0
High: 3

Raven School
Other · Grades PK–12 · Yukon-Koyukuk School District
3,273 students
West Valley High School
High · Grades 9–12 · Fairbanks North Star Borough School District
818 students
Pearl Creek Elementary
Elementary · Grades PK–5 · Fairbanks North Star Borough School District
394 students
Hutchison High School
High · Grades 9–12 · Fairbanks North Star Borough School District
376 students
University Park Elementary
Elementary · Grades PK–5 · Fairbanks North Star Borough School District
371 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$20,483

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,578

Loan principal$249,714

Down payment$62,429

Total interest paid$318,497

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.25

Monthly cost to own$2,140

Monthly rent$1,707

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 67th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 99709?: The typical home in 99709 is worth $312,143, based on the Zillow Home Value Index.
Are home values rising in 99709?: Home values in 99709 are up 1.6% over the past year, and up 1.7% a year over five years.
What is the typical rent in 99709?: A typical home in 99709 rents for about $1,707 a month, a gross rental yield of 6.6%.
What is the property tax rate in 99709?: The effective property tax rate in 99709 is 1.2% — roughly $3,613 a year on a typical home.
Who lives in 99709?: ZIP code 99709 has a population of 29,551 and a median household income of $86,294.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

99712 vs 99709 →
Steele Creek CDP, AK
Typical home
$312,111
Gross yield
—
99705 vs 99709 →
Badger CDP, AK
Typical home
$327,432
Gross yield
6.7%
99714
Harding-Birch Lakes CDP, AK
Typical home
$197,535
Gross yield
—

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#Jump to section

U.S. ZIP Code · AK99709

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