Home Price Key
Affordable
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 $190,286, lower than the Maine average of $243,042.
The average cost of rent is $421/mo in Fairbanks, primarily driven by the current value of real estate in the Fairbanks area. While nearly 26.80% of residents own their homes outright in Fairbanks, 39.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks is $3,565 per month. Households that rent pay about 11.82% of their income on rent here. Fairbanks's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- West Farmington, ME: less expensive homes
- Temple, ME: less expensive homes
- Farmington, ME: less expensive homes
- New Vineyard, ME: less expensive homes
- West Mills, ME: less expensive homes
- East Wilton, ME: less expensive homes
- Farmington Falls, ME: less expensive homes
- Wilton, ME: less expensive homes
- Starks, ME: less expensive homes
- Strong, ME: less expensive homes
Cities with Similar Populations
- Hopewell, MO: higher priced homes
- Shorecrest, MI: less expensive homes
- Shopville, KY: less expensive homes
- Leigh, TX: less expensive homes
- LaFayette, TX: less expensive homes
- Jonesboro, TX: less expensive homes
- Johnson, IN: less expensive homes
- Irene, IL: equally priced homes
- Indianola, IL: less expensive homes
- Hoven, SD: less expensive homes
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