Fairbanks AK

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Fairbanks, AK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fairbanks Housing Market Information

With a population of 31,516, 11,025 total housing units (homes and apartments), and a median house value of $249,710, Fairbanks real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fairbanks, accounting for 32.67% of the city's housing units. Other types of housing that are prevalent in Fairbanks include large apartment complexes or high rise apartments ( 27.80%), duplexes, homes converted to apartments or other small apartment buildings ( 23.88%), and a few row houses and other attached homes ( 14.74%).

Fairbanks is dominated by renter-occupied one, two, or no bedrooms apartments. 66.70% of Fairbanks's dwellings are rentals.

There is a lot of housing in Fairbanks built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fairbanks built between 1940-1969 ( 28.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.08%). There's also some housing in Fairbanks built before 1939 ( 2.68%).

Vacant housing appears to be an issue in Fairbanks. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Fairbanks homes and apartments can be a drag on the real estate market, holding Fairbanks real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fairbanks Home Appreciation Rates

Real estate appreciation rates in Fairbanks's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fairbanks's appreciation rate, at 4.09%, has been at or slightly above the national average. In the latest quarter, Fairbanks's appreciation rate has been 4.18%, which annualizes to a rate of 17.79%.

Importantly, NeighborhoodScout’s exclusive research found that Fairbanks's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Alaska, our data show that Fairbanks's latest annual appreciation rate is higher than 90% of the other cities and towns in Alaska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fairbanks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fairbanks - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fairbanks real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,111,000 0.6
$833,001 - $1,111,000 0.3
$555,001 - $833,000 2.3
$444,001 - $555,000 2.5
$333,001 - $444,000 9.0
$222,001 - $333,000 32.1
$111,001 - $222,000 42.4
$56,001 - $111,000 5.0
$0 - $56,000 5.8

High for AK
High for Nation

Value Relative to Nation Value Relative to State
28.0525547445255 32.8125

Number Of Homes And Apartments:

Fairbanks Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
69.74% 2.68%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,510 / per month

Homeownership Rate

Owners 33.30
Renters 66.70
Vacant 15.25

Housing Market Details


Age of Homes

AGE OF Fairbanks HOMES
2000 or Newer 18.1
1970 - 1999 50.9
1940 - 1969 28.3
1939 or Older 2.7

Types of Homes

Single-Family 32.7
Townhomes 14.7
Small Apt. Buildings 23.9
Apt. Complexes 27.8
Mobile Homes 0.6
Other 0.3

Home Size

No Bedroom 4.02
1 Bedroom 15.52
2 Bedrooms 30.72
3 Bedrooms 32.13
4 Bedrooms 13.66
5 or more bedrooms 3.94