99589, Goodnews Bay, AK

The Goodnews Bay zip code of 99589 has a median home value of $191,000 and a median home equity value of $141,000. These values are significantly higher than the statewide median home value of $146,500 and the statewide median home equity value of $128,200. This indicates that homeowners in the Goodnews Bay zip code are more affluent than average Alaska residents.

The main drivers of home equity values in Alaska are typically household income and market conditions. In Goodnews Bay, both household income and market conditions are high relative to the rest of Alaska. As a result, homeowners in this zip code have been able to increase their home equity values over time.

Another factor that affects home equity values is interest rates. Over time, interest rates can affect how much money homeowners can borrow against their homes to pay for expenses or invest in other assets. Since interest rates in Goodnews Bay are relatively low compared to other parts of Alaska, homeowners have been able to keep their home equity values high even as prices have increased elsewhere in the state.