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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 $294,864, lower than the Alaska average of $346,273.
The average cost of rent is $1,489/mo in Fairbanks North Star Borough, primarily driven by the current value of real estate in the Fairbanks North Star Borough area. In Fairbanks North Star Borough, 38.33% of households rent, and 50.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairbanks North Star Borough is $7,803 per month. Households that rent pay about 19.08% of their income on rent here. Fairbanks North Star Borough’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Denali Borough, AK: equally priced homes
- Southeast Fairbanks Census Area, AK: equally priced homes
- Yukon-Koyukuk Census Area, AK: less expensive homes
- Copper River Census Area, AK: equally priced homes
- Matanuska-Susitna Borough, AK: higher priced homes
- Anchorage Municipality, AK: higher priced homes
- Chugach Census Area, AK: higher priced homes
- Kenai Peninsula Borough, AK: higher priced homes
- Northwest Arctic Borough, AK: less expensive homes
- North Slope Borough, AK: less expensive homes
Counties with Similar Populations
- Wicomico County, MD: less expensive homes
- Elmore County, AL: less expensive homes
- St. Clair County, AL: less expensive homes
- Island County, WA: higher priced homes
- Josephine County, OR: higher priced homes
- Christian County, MO: equally priced homes
- Campbell County, KY: less expensive homes
- Calvert County, MD: higher priced homes
- Burke County, NC: less expensive homes
- Bowie County, TX: less expensive homes
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