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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 $103,594, lower than the Kentucky average of $219,615.
The average cost of rent is $745/mo in Fairbanks, primarily driven by the current value of real estate in the Fairbanks area. In Fairbanks, 9.38% of households rent, and 89.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks is $4,357 per month. Households that rent pay about 17.10% of their income on rent here. Fairbanks’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hesler, KY: higher priced homes
- Rockdale, KY: higher priced homes
- New Columbus, KY: higher priced homes
- Canby, KY: higher priced homes
- Teresita, KY: higher priced homes
- Suterville, KY: higher priced homes
- Owenton, KY: higher priced homes
- Cordova, KY: higher priced homes
- New, KY: higher priced homes
- Porter, KY: higher priced homes
Cities with Similar Populations
- Augusta, IN: higher priced homes
- Berkley, KY: higher priced homes
- Salco, PA: higher priced homes
- Saginaw, AR: higher priced homes
- Rural Hill, NY: higher priced homes
- Big Falls, MN: higher priced homes
- Barton, ND: higher priced homes
- Birds Run, OH: higher priced homes
- Zephyr, NC: higher priced homes
- Bakerton, KY: higher priced homes
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