Real Estate Investing in Barrow, Alaska (99723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99723 (Barrow, AK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.7% of homes vacant — above national norms.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Barrow, AK (99723)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99723 Barrow
This part of North Slope Borough is not an easy win. The 99723 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 99723 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within AK, ZIP 99723 trails on several market indicators that neighboring North Slope Borough submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 99723 includes headwinds that any investor should price in. Income distribution skews lower than Barrow averages, and tenant stability requires active management.
The right play in 99723 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Barrow:
Market Trends
Home Value History (with trend line)
📊 How Does 99723 Compare?
| Metric | 99723 | Barrow | Alaska |
|---|---|---|---|
| Home Value | $313,930 | $313,930 | $378,640 |
| 5-Year CAGR | 4.7% | 4.7% | 3.6% |
| Avg Rent | $1,512 | $1,512 | - |
| Cap Rate | 3.8% | 3.8% | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99723 (Barrow, AK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,930 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 99723
Population: 4,855
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 99723
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How deep is the rental pool in Barrow, AK?
Tenant quality in Barrow, AK ranks as solid. Landlords generally report reliable occupancy at market rents of $1,512/mo.
Is Barrow, AK a good place for real estate investing?
Barrow, AK rates 3.0/5 for investability. With median values at $314K and rents near $1,512/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Barrow, AK?
Barrow, AK median home values land near $314K. That is reasonable territory for investors looking at $1,512/mo-per-month rentals.
Are there empty rentals in Barrow, AK?
Expect elevated vacancy in Barrow, AK. Rents at $1,512/mo are absorbed by the tenant base without meaningful lag.
Is AK a landlord-friendly state?
Barrow, AK falls under AK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 99723 now. You don’t know where it ranks.
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