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 $172,187, lower than the Minnesota average of $269,934.
The average cost of rent is $877/mo in Fairbanks, primarily driven by the current value of real estate in the Fairbanks area. While nearly 51.77% of residents own their homes outright in Fairbanks, 5.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks is $5,317 per month. Households that rent pay about 16.49% of their income on rent here. Fairbanks's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Toimi, MN: equally priced homes
- Brimson, MN: higher priced homes
- Wales, MN: higher priced homes
- Highland, MN: higher priced homes
- Whyte, MN: higher priced homes
- Markham, MN: equally priced homes
- Hoyt Lakes, MN: less expensive homes
- Waldo, MN: higher priced homes
- Palo, MN: less expensive homes
- East Beaver Bay, MN: equally priced homes
Cities with Similar Populations
- Somerville, PA: less expensive homes
- Daytona Highridge Estates, FL: equally priced homes
- Deep Hole, VA: higher priced homes
- Delran, NJ: higher priced homes
- Derby, VA: less expensive homes
- Dering Harbor, NY: higher priced homes
- Diamond Lake Junction, OR: higher priced homes
- Dixie Pine, MS: less expensive homes
- Dixonville, PA: less expensive homes
- Dodson, OR: higher priced homes
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