Fairbanks, Alaska Real Estate & Housing Market

Fairbanks, AK Listings

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Fairbanks Housing Information

Index	Fairbanks	Alaska	National
Median home price	$200,200	$257,100	$184,700
Median rent asked	$1,277	$1,173	$949
Avg. people per household	2.8	2.8	2.6
Owner occupied households	36.4%	63.7%	63.6%
Renter occupied households	63.6%	36.3%	36.4%

Above, you'll find an overview of the real estate market in Fairbanks, AK. Generally, real estate in the Fairbanks, AK area is more affordable in Alaska, as the median price of a home in Fairbanks, AK is $200,200, which is 22% lower than the Alaska average. The median rental price in Fairbanks, AK is $1,277. This is 9% higher than the average rental price in Alaska. Home owners comprise 36.4% of the population of Fairbanks, AK, where an average of 2.8 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Fairbanks, AK. Below, you can search for real estate listings in Fairbanks, AK using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Fairbanks Home Affordability

When searching for real estate in Fairbanks, AK, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Fairbanks, AK, the median house price is $200,200, while the median income for households in the area is $56,306. Therefore, the ratio of house price to income is 3.6x; this ratio is 3% higher than the average in Alaska. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Fairbanks, AK.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Fox, AK	403	$0	100%
South Van Horn, AK	566	$21,000	89%
Ester, AK	2,727	$195,300	6%
Moose Creek, AK	739	$200,800	9%
Goldstream, AK	3,960	$209,100	13%
Fairbanks, AK	32,578	$200,200	8%

Cities with similar population

City, State	Population	Home Price	National Avg.
Greenville, MS	32,612	$75,100	59%
Waxahachie, TX	32,536	$135,600	27%
Juneau, AK	32,524	$329,500	78%
Englewood, CO	32,523	$238,400	29%
Eastpointe, MI	32,648	$59,700	68%
Fairbanks, AK	32,578	$200,200	8%

Source: The Fairbanks, AK housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).