Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Fairbanks area can be challenging. Home prices in Fairbanks are now at a median cost of $232,509, lower than the Alaska average of $254,370.
The average cost of rent is $1,066/mo in Fairbanks, primarily driven by the current value of real estate in the Fairbanks area. While nearly 44.61% of residents own their homes outright in Fairbanks, 43.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks is $6,414 per month. Households that rent pay about 16.62% of their income on rent here. Fairbanks's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- College, AK: equally priced homes
- South Van Horn, AK: less expensive homes
- Fort Wainwright, AK: equally priced homes
- Farmers Loop, AK: higher priced homes
- Steele Creek, AK: higher priced homes
- Ester, AK: equally priced homes
- Badger, AK: equally priced homes
- North Pole, AK: equally priced homes
- Eielson Afb, AK: higher priced homes
- Pleasant Valley, AK: equally priced homes
Cities with Similar Populations
- Staunton, VA: less expensive homes
- Fair Lawn, NJ: higher priced homes
- Fairhope, AL: higher priced homes
- Farmers Branch, TX: higher priced homes
- Farmington, MN: higher priced homes
- Gaffney, SC: less expensive homes
- Glendale Heights, IL: less expensive homes
- Redan, GA: less expensive homes
- Rubidoux, CA: higher priced homes
- Seneca, SC: equally priced homes
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