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Fairbanks, AK—99701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$249,000
0.7% YoY Growth
Household Income
$73,600
26.4% YoY Growth
Days on Market
92
17.0% Longer YoY
Home Price Forecast
-1.3%
Median Rent
$1,600
2.4% YoY Growth
1-Bed Rent
$1,250
8.7% YoY Growth
2-Bed Rent
$1,600
7.7% YoY Growth
3-Bed Rent
$2,150
10.1% YoY Growth

Other Zip Codes in Fairbanks, AK

9971299709
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairbanks, AK

As of Dec '25, the median home price in Fairbanks, AK is $249,000, with a year-over-year change of 0.7%. This indicates that home prices in Fairbanks, AK are flat. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$249,0000.7%
Single Family $268,0000.4%
Condos $170,0000.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $140,000
    -2.1%
    2 Bed
    		$187,000-2.1%
    3 Bed
    		$294,0000.3%
    4 Bed
    		$342,000-2.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    10.8%
    1 Bedroom
    17.4%
    2 Bedrooms
    33.8%
    3 Bedrooms
    26.1%
    4 Bedrooms
    9.4%
    5+ Bedrooms
    2.5%

    Rental Trends — Fairbanks, AK

    As of July '25, Rentcast reports the average rent in Fairbanks, AK is $1,620, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Fairbanks, AK is studios: $1,170, 1-bedrooms: $1,250, 2-bedrooms: $1,670, 3-bedrooms: $2,290, 4-bedrooms: $2,600. The most common rental property sizes in Fairbanks, AK are 2-bedroom and 1-bedroom, accounting for 35.1% and 27.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,620
    Studio Rent $1,200$1,170
    1 Bed Rent $1,250$1,250
    2 Bed Rent $1,600$1,670
    3 Bed Rent $2,150$2,290
    4 Bed Rent $2,600$2,600
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    % of Rental Stock

    Studio
    13.5%
    1 Bedroom
    27.1%
    2 Bedrooms
    35.1%
    3 Bedrooms
    18.5%
    4 Bedrooms
    5.1%
    5+ Bedrooms
    0.6%

    Property Listings — Fairbanks, AK

    As of Dec '25, Realtor.com reports that the median days on market for a home in Fairbanks, AK is 68. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$315,00012.0%
    Listing Count
    		3218.0%
    Listings as % of Homes0.1%18.0%
    Days on Market
    		9217.0%
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    Demographics — Fairbanks, AK

    As of the latest ACS Survey released in 2023, Fairbanks, AK has a population of 17,600, which has remained stable by 0.3% over the past 5 years. Fairbanks, AK is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,6000.3%
    % Under 18
    		23.1%9.5%
    % Seniors
    		14.3%36.2%
    % WFH
    		6.1%190.5%
    % w/ College Degree
    		24.8%-3.5%
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    As of the latest ACS Survey released in 2023, Fairbanks, AK is a predominantly white area, with 58.9% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Fairbanks, AK is hispanic, making up 6.9% of the population. Foreign-born residents account for 6.6% of the population in Fairbanks, AK, and this percentage has increased by 6.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		58.9%0.7%
    % Black
    		5.2%-27.8%
    % Hispanic
    		6.9%-5.5%
    % Asian
    		5.5%48.6%
    % Foreign Born
    		6.6%6.5%
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    Mortgage and Risk — Fairbanks, AK

    According to HUD data as of 2023, there were 193 mortgage originations in Fairbanks, AK, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Fairbanks, AK. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		193
    % Conventional Loans
    		59.0%
    % Government Loans
    		41.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Fairbanks, AK

    As of 2024, the percent of homes in Fairbanks, AK under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairbanks, AK, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		673
    Total Units Section 8
    		475
    % Rentals under Section 8
    		11.9%
    % Occupied Section 8
    		89.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$120$1,250$1,130
    2 Bedroom-$110$1,600$1,490
    3 Bedroom-$60$2,150$2,090
    4 Bedroom-$80$2,600$2,520

    Affordability — Fairbanks, AK

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$249,000
    Median Household Income$73,600

    Fairbanks, AK — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions