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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 $177,625, lower than the Indiana average of $232,932.
The average cost of rent is $1,256/mo in Fairbanks, primarily driven by the current value of real estate in the Fairbanks area. In Fairbanks, 17.09% of households rent, and 55.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks is $5,326 per month. Households that rent pay about 23.58% of their income on rent here. Fairbanks’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scott City, IN: less expensive homes
- York, IL: less expensive homes
- Graysville, IN: equally priced homes
- Merom, IN: equally priced homes
- West Union, IL: less expensive homes
- Prairie Creek, IN: equally priced homes
- Shelburn, IN: less expensive homes
- Vigo, IN: higher priced homes
- Farmersburg, IN: less expensive homes
- Hutsonville, IL: less expensive homes
Cities with Similar Populations
- Mc Intosh, NM: equally priced homes
- Quaker Springs, NY: higher priced homes
- Put-in-Bay, OH: higher priced homes
- Miles Station, IL: equally priced homes
- Middle Granville, NY: less expensive homes
- Merriman, MI: higher priced homes
- Melton, VA: higher priced homes
- Melbourne Village, FL: higher priced homes
- Meadland, WV: higher priced homes
- McLemoresville, TN: less expensive homes
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