The story of this market
The typical home in ZIP 99702 sells for about $275,000, or $185 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 99702 — Point Lay
The housing market in 99702 is characterized by low inventory and stable demand driven primarily by military personnel at Eielson AFB. Prices have seen modest year-over-year growth, reflecting the limited supply of available housing in this remote interior Alaska location. Market conditions remain balanced with little speculative activity.
This ZIP is primarily suited for military personnel, base employees, and those seeking affordable, rural-adjacent living with proximity to the Eielson AFB installation.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 12.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 99702, Alaska
Crime rates in the Eielson AFB area are generally low and stable, primarily managed by military police and local law enforcement, comparing favorably to the broader Fairbanks North Star Borough.
Schools serving the area are part of the Fairbanks North Star Borough School District, which provides standard public education services for military-connected and civilian families.
The area faces risks typical of interior Alaska, including extreme cold, heavy snow loads, and potential for wildfire activity in surrounding forested lands.
Economic momentum is heavily tied to the operations of Eielson Air Force Base, which serves as the primary employer and driver of infrastructure development in the region.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alaska) — Municipal Property Tax: Tax is calculated as (Assessed Value - Exemptions) * Mill Rate. Municipalities are authorized to levy taxes and impose liens for enforcement. Exemptions include mandatory state-required exemptions (e.g., for certain residents) and optional local exemptions. State (Alaska) — Mandatory Property Tax Exemptions: Exemption of the first $150,000 of assessed value from municipal property taxation. State (Alaska) — Municipal Property Tax: Tax is calculated by multiplying the assessed value of the property by the local mill rate. State law mandates a mandatory exemption of the first $150,000 of assessed value for senior citizens (65+) and disabled veterans (50%+ service-connected disability). State (Alaska) — Optional Municipal Residential / Homestead Exemption Authorization: Allows municipal taxing bodies to exempt a percentage of the assessed value (commonly up to 20%, often capped at $50,000, as implemented in jurisdictions like Anchorage) for owner-occupied primary residences. State (Alaska) — Statewide Senior Citizen and Disabled Veteran Property Tax Exemption: Mandates that municipalities exempt the first $150,000 of assessed property value from ad valorem taxation. Formula: Taxable Value = Max(0, Assessed Value - $150,000).
Commuting is primarily vehicle-dependent, with residents traveling along the Richardson Highway toward Fairbanks or directly onto the Eielson AFB installation.
Recreation is centered on outdoor activities including fishing, hiking, and winter sports, with limited commercial shopping and dining options within the immediate ZIP.
The rental market is heavily influenced by military housing demand and turnover, with vacancy rates fluctuating based on base deployment cycles.
The economy is almost entirely dependent on Eielson Air Force Base, with secondary support from local service and logistics industries.
The area is served by the Richardson Highway, which is the primary corridor for transit to Fairbanks and other regional hubs.
Development is largely restricted to base-related projects and limited residential expansion in the surrounding unincorporated areas.
The Fairbanks North Star Borough Assessor's office manages property valuations, utilizing a mass appraisal system for tax purposes.
Parcels are subject to Fairbanks North Star Borough taxes and the Fairbanks North Star Borough School District levies.
Property insurance premiums are elevated due to the remote location, wildfire risk, and the high cost of construction in interior Alaska.
Net migration is heavily influenced by military personnel rotations, leading to consistent but transient population shifts.
Alaska is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults through a trustee sale process.
Sellers are required to provide a residential real property transfer disclosure statement covering the condition of the property.
Data retrieved from Census Reporter and IncomeByZipCode for ZCTA 99702.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Aurora Pointe4.818.3 mi
- Santa Claus House4.59.4 mi
- Antler Academy4.49.3 mi
- Arctic Nite Lanes Bowling Center4.30.3 mi
- Historic North Pole4.49.3 mi
- Safeway49.8 mi
- North Pole Plaza3.99.8 mi
- Fairbanks International Airport4.524.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary anchor and employer for the region.
Provides access to fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.