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Fairbanks Housing Information

IndexFairbanksAlaskaNational
Median home price$200,200$257,100$184,700
Median rent asked$1,277$1,173$949
Avg. people per household2.82.82.6
Owner occupied households36.4%63.7%63.6%
Renter occupied households63.6%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, StatePopulationHome PriceNational Avg.
Fox, AK403$0100%
South Van Horn, AK566$21,00089%
Ester, AK2,727$195,3006%
Moose Creek, AK739$200,8009%
Goldstream, AK3,960$209,10013%
Fairbanks, AK32,578$200,2008%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Greenville, MS32,612$75,10059%
Waxahachie, TX32,536$135,60027%
Juneau, AK32,524$329,50078%
Englewood, CO32,523$238,40029%
Eastpointe, MI32,648$59,70068%
Fairbanks, AK32,578$200,2008%

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