Market Intelligence · AK / Fairbanks

Fairbanks, AK 99701 Housing Market

Typical home value in Fairbanks, AK 99701 is $273,431, up 6.7% over the past year. The median list price sits at $272,413, with homes spending a median of 45 days on market as of September 2026.

Updated September 2026Median value$273K

The median home value in Fairbanks, AK 99701 is $273K as of September 2026, up 6.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 99701 range

$252K to $295K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.7% over 12 months

Sep 2025$256K

Low $256KHigh $273K

Sep 2026$273K

The numbers

What is the 99701 housing market like?

As of September 2026

Typical home value

$273K

6.7%YoY

Median list price

$272K

1.1%MoM

Days on market

25.0%MoM

Homes for sale

13.2%MoM

Price cuts

22.8%

5.6%MoM

New listings

42.9%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

99701 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 99701 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 99701 rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in 99701?

Zillow's forecast does not call for a drop: it expects typical home values in 99701 to rise 1.0% by September 2027, after a 6.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 99701 home prices compare?

99701$273,431
Fairbanks$320,990
Alaska$358,487
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Fairbanks: 3 ZIPs; Alaska: 50 ZIPs; United States: 26,262 ZIPs).

Context

Fairbanks has 43 homes for sale, with 16 new listings added in September 2026. The median days on market of 45 suggests a moderately paced market. Nearly one in four listings, at 22.8%, have seen a price cut, which is worth noting even as the typical home value continues to climb. For sellers, this means pricing competitively from the start remains important, despite overall appreciation.

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Home price

Down payment20% · $54,686

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Common questions

What people ask us.

What is the typical home value in 99701?

The typical home value is $273,431 as of September 2026, representing 6.7% appreciation over the past year.

How long do homes typically stay on the market in Fairbanks?

Homes spend a median of 45 days on the market in this ZIP code.

What share of listings have dropped their price?

As of September 2026, 22.8% of listings in 99701 have had a price cut.

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