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Affordable
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These days, finding an affordable place to live in the Farmers Loop area can be challenging. Home prices in Farmers Loop are now at a median cost of $233,878, lower than the Alaska average of $346,273.
The average cost of rent is $1,329/mo in Farmers Loop, primarily driven by the current value of real estate in the Farmers Loop area. In Farmers Loop, 18.71% of households rent, and 50.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Farmers Loop is $9,757 per month. Households that rent pay about 13.62% of their income on rent here. Farmers Loop’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Steele Creek, AK: higher priced homes
- Fairbanks, AK: higher priced homes
- Fort Wainwright, AK: higher priced homes
- College, AK: higher priced homes
- South Van Horn, AK: higher priced homes
- Badger, AK: higher priced homes
- Ester, AK: higher priced homes
- North Pole, AK: higher priced homes
- Pleasant Valley, AK: higher priced homes
- Two Rivers, AK: higher priced homes
Cities with Similar Populations
- Rio Bravo, TX: less expensive homes
- Maysville, NC: less expensive homes
- Woodbridge, CA: higher priced homes
- Clearwater, MN: higher priced homes
- Eubank, KY: less expensive homes
- Watertown, TN: higher priced homes
- Hardin, MT: less expensive homes
- Midway, NC: higher priced homes
- Windsor, VT: equally priced homes
- Wilsonville, AL: higher priced homes
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