The Most Affordable Neighborhoods in Fairbanks North Star Borough, AK by Home Value

 

Fairbanks North Star Borough, AK Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Fairbanks North Star Borough area can be challenging. Home prices in Fairbanks North Star Borough are now at a median cost of $243,705, lower than the Alaska average of $254,370.

The average cost of rent is $1,395/mo in Fairbanks North Star Borough, primarily driven by the current value of real estate in the Fairbanks North Star Borough area. While nearly 41.56% of residents own their homes outright in Fairbanks North Star Borough, 35.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Fairbanks North Star Borough is $7,020 per month. Households that rent pay about 19.87% of their income on rent here. Fairbanks North Star Borough's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the county.


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