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ZIP Code · AK

ZIP 99701

Pop. 18,061·Fairbanks North Star Borough·4th most expensive ZIP in Alaska
Median rent (all units)
$1,907/mo
Year-over-Year
+5.1%
Month-over-Month
Stable
vs US Median
-$25
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 99701 · $1,907
More expensive than 56% of US ZIP codes · National median $1,932/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,030
1 BR
$1,150
2 BR
$1,510
3 BR
$2,110
4 BR+
$2,530
Research median
$1,510/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 99701 is at its highest level since Zillow's records here began in June 2023.

Past year vs. the rest of Alaska

Rent in ZIP 99701 changed +5.1% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($75,668) is $1,892 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,510); a 3-bedroom is $2,110.

From Zillow's monthly rent index (ZORI) for ZIP 99701. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$22,884/yr
At $1,907/mo median
Location
StateAK
CountyFairbanks North Star Borough
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.1% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 99701 (Fairbanks, AK) is roughly split between renters and owners, skews toward younger working-age adults, 22.3% of residents hold a bachelor's degree or higher.

Population
18,061
Median income
$75,668
Median age
33.5
Renters
54.6%
Age distribution
21.9%
30.8%
23.7%
14.3%
Under 1821.9%
18–3430.8%
35–5423.7%
55–649.3%
65+14.3%
Gender
52.6%
47.4%
Male52.6%
Female47.4%
Race & ethnicity
57.4%
23.4%
White57.4%
Black5.3%
Hispanic8.6%
Asian5.3%
Other23.4%
Education (25+)
36.6%
34.5%
22.3%
No HS diploma6.6%
HS diploma36.6%
Some college34.5%
Bachelor's+22.3%
Housing tenure
45.4%
54.6%
Owner45.4%
Renter54.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 99701 in Fairbanks, AK has changed in 5 years

Income
$66,126 → $75,668
up 14.4%
Population
17,781 → 18,061
up 1.6%
Renter share
56.1% → 54.6%
-1.5 pts
Bachelor's+
25.2% → 22.3%
-2.9 pts

Median household income climbed from $66,126 to $75,668 between 2021 and 2024, a 14.4% shift. Census counts show ZIP 99701 in Fairbanks, AK adding about 280 residents over the five-year window, up 1.6% on net. The renter share has eased from 56.1% to 54.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 25.2% to 22.3% across the same window.

Community

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Local insights

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About renting in ZIP 99701

Last updated: October 17, 2026

ZIP code 99701 covers Fairbanks, AK. The median rent here is $1,907/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,510/mo.

At 30% of local median household income ($75,668/yr), ZIP 99701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99701?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,907/mo in ZIP 99701. The local median household income is $75,668/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 99701?

Rent in ZIP 99701 has risen 5.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2023.

How does ZIP 99701 compare to other ZIPs in Alaska?

ZIP 99701 is one of the pricier among Alaska ZIP codes for rent, ranking #4 of 14 at $1,907/mo. Over the year to September 2026, rent in ZIP 99701 changed +5.1%, against a typical +5.1% across the 13 Alaska ZIP codes Zillow tracks.

How does ZIP 99701 compare to the rest of Fairbanks?

ZIP 99701 sits right at the Fairbanks citywide median of $1,907/mo.
Income Affordability
30%
MODERATE

At $1,907/mo, rent takes ~30% of ZIP 99701's median household income ($75,668/yr). The standard benchmark is 30%.

ZIP 99701 30%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99701 (Fairbanks, AK)

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