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ZIP Code · AK

ZIP 99701

Pop. 18,061·Fairbanks North Star Borough·7th most expensive ZIP in Alaska
Median rent (all units)
$1,794/mo
Year-over-Year
+2.5%
Month-over-Month
-4.0%
vs US Median
-$171
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 99701 · $1,794
More affordable than 52% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$21,528/yr
At $1,794/mo median
Location
StateAK
CountyFairbanks North Star Borough
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 2.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+2.5% YoY, -4.0% 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.

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Local insights

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About renting in ZIP 99701

Last updated: July 20, 2026

ZIP code 99701 covers Fairbanks, AK. The median rent here is $1,794/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,510/mo.

At 28% of local median household income ($75,668/yr), ZIP 99701 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99701?

As of July 20, 2026, the median monthly rent in ZIP 99701 (Fairbanks, AK) is $1,794. This is based on aggregated data from public sources and community submissions.

How does ZIP 99701 rent compare to the US average?

ZIP 99701's median rent of $1,794/mo is $171 (9%) below the US national median of $1,965/mo.

How does ZIP 99701 compare to other ZIPs in Alaska?

ZIP 99701 falls in the middle range for Alaska, ranking #7 out of 14 ZIPs at $1,794/mo.

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 $72,000/year (~$35/hour full-time) to afford the median rent of $1,794/mo in ZIP 99701. The local median household income is $75,668/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99701?

Rent in ZIP 99701 has increased 2.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 99701 an affordable place to rent?

ZIP 99701 is considered affordable for renters. At $1,794/mo, rent takes approximately 28% of the local median household income ($75,668/yr). The standard benchmark is 30%. ZIP 99701 falls comfortably within that range.

What percentage of ZIP 99701 residents rent vs. own?

According to Census data, approximately 54.6% of ZIP 99701 households are renters, while 45.4% are owner-occupied. With a majority renter population, ZIP 99701 has a strong rental market.

How does ZIP 99701 compare to the rest of Fairbanks?

ZIP 99701 is pricier than Fairbanks as a whole. At $1,794/mo, it's $74 above the Fairbanks citywide median of $1,720/mo.

When was rent data for ZIP 99701 last updated?

Rent data for ZIP 99701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,794/mo, rent takes ~28% of ZIP 99701's median household income ($75,668/yr). The standard benchmark is 30%.

ZIP 99701 28%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99701 (Fairbanks, AK)

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