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ZIP Code · AK

ZIP 99705

Pop. 21,769·Fairbanks North Star Borough·10th most expensive ZIP in Alaska
Median rent (all units)
$1,755/mo
Year-over-Year
+5.2%
Month-over-Month
-0.6%
vs US Median
-$177
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 99705 · $1,755
More affordable than 54% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,180
1 BR
$1,300
2 BR
$1,710
3 BR
$2,380
4 BR+
$2,870
Research median
$1,710/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 99705 is 1.4% below its high of $1,780 in June 2026, at $1,755 as of September 2026.

Past year vs. the rest of Alaska

Rent in ZIP 99705 changed +5.2% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.

Recent direction

Rent has fallen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($96,964) is $2,424 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,380); a 4-bedroom is $2,870.

From Zillow's monthly rent index (ZORI) for ZIP 99705. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$21,060/yr
At $1,755/mo median
Location
StateAK
CountyFairbanks North Star Borough
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.2% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 99705 (North Pole, AK) is majority owner-occupied, has a median income above the national average, 24.4% of residents hold a bachelor's degree or higher.

Population
21,769
Median income
$96,964
Median age
33.6
Renters
23.1%
Age distribution
24.5%
27%
25.1%
Under 1824.5%
18–3427%
35–5425.1%
55–6412%
65+11.5%
Gender
57.4%
42.6%
Male57.4%
Female42.6%
Race & ethnicity
76.1%
14.2%
White76.1%
Black1.6%
Hispanic6.8%
Asian1.4%
Other14.2%
Education (25+)
28.1%
40.9%
24.4%
No HS diploma6.7%
HS diploma28.1%
Some college40.9%
Bachelor's+24.4%
Housing tenure
76.9%
23.1%
Owner76.9%
Renter23.1%

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

2023 vs 2026

How ZIP 99705 in North Pole, AK has changed in 5 years

Rent
$1,493 → $1,755
up 17.5%
Income
$88,824 → $96,964
up 9.2%
Population
22,925 → 21,769
down 5.0%
Renter share
25.6% → 23.1%
-2.5 pts
Bachelor's+
25.2% → 24.4%
-0.8 pts
Median age
32.1 → 33.6
+1.5 yrs

Rent in ZIP 99705 in North Pole, AK has climbed 17.5% since 2023, going from about $1,493 per month to roughly $1,755 today. Median household income grew from $88,824 to $96,964 between 2021 and 2024, a 9.2% shift. Rent outpaced income growth by roughly 8.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 22,925 to 21,769 between 2021 and 2024, a 5.0% change. About 23.1% of households rent today, against 25.6% in 2021. Taken together, the five-year picture in ZIP 99705 in North Pole, AK reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 99705

Last updated: October 17, 2026

ZIP code 99705 covers North Pole, AK. The median rent here is $1,755/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,710/mo.

At 22% of local median household income ($96,964/yr), ZIP 99705 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99705?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,755/mo in ZIP 99705. The local median household income is $96,964/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99705?

Rent in ZIP 99705 has risen 5.2% over the past year as of September 2026. It sits 1.4% below its high of $1,780 in June 2026.

How does ZIP 99705 compare to other ZIPs in Alaska?

ZIP 99705 is one of the more affordable among Alaska ZIP codes for rent, ranking #10 of 14 at $1,755/mo. Over the year to September 2026, rent in ZIP 99705 changed +5.2%, against a typical +5.1% across the 13 Alaska ZIP codes Zillow tracks.

How does ZIP 99705 compare to the rest of North Pole?

At $1,755/mo, ZIP 99705 is $33 below the North Pole citywide median of $1,788/mo.
Income Affordability
22%
VERY AFFORDABLE

At $1,755/mo, rent takes ~22% of ZIP 99705's median household income ($96,964/yr). The standard benchmark is 30%.

ZIP 99705 22%Benchmark 30%
State income taxNone
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Public schools near ZIP 99705 (North Pole, AK)

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