Fairbanks, AK—99712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairbanks, AK
As of Oct '25, the median home price in Fairbanks, AK is $301,000, with a year-over-year change of -3.3%. This indicates that home prices in Fairbanks, AK are decreasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | -3.3% |
| Single Family | $301,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $189,000 | -7.4% |
2 Bed | $263,000 | -5.1% |
3 Bed | $385,000 | -2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairbanks, AK
As of July '25, Rentcast reports the average rent in Fairbanks, AK is $1,840, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Fairbanks, AK is 1-bedrooms: $1,480, 2-bedrooms: $1,660, 3-bedrooms: $2,900. The most common rental property sizes in Fairbanks, AK are 1-bedroom and 2-bedroom, accounting for 46.1% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,480 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $2,800 | $2,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairbanks, AK
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairbanks, AK is 71. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -6.0% |
Listing Count | 95 | 94.0% |
| Listings as % of Homes | 0.6% | 94.0% |
Days on Market | 71 | -5.0% |
Demographics — Fairbanks, AK
As of the latest ACS Survey released in 2023, Fairbanks, AK has a population of 12,100, which has decreased by -16.7% over the past 5 years. Fairbanks, AK is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | -16.7% |
% Under 18 | 22.3% | -6.3% |
% Seniors | 11.7% | -15.8% |
% WFH | 8.9% | 34.8% |
% w/ College Degree | 37.1% | 12.8% |
As of the latest ACS Survey released in 2023, Fairbanks, AK is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Fairbanks, AK is hispanic, making up 4.9% of the population. Foreign-born residents account for 2.6% of the population in Fairbanks, AK, and this percentage has decreased by 10.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.5% | -5.5% |
% Black | 0.7% | 133.3% |
% Hispanic | 4.9% | -32.9% |
% Asian | 2.4% | 9.1% |
% Foreign Born | 2.6% | -10.3% |
Mortgage and Risk — Fairbanks, AK
According to HUD data as of 2023, there were 210 mortgage originations in Fairbanks, AK, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Fairbanks, AK. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Fairbanks, AK
Fairbanks, AK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,350 | $1,130 |
| 2 Bedroom | -$110 | $1,600 | $1,490 |
| 3 Bedroom | -$710 | $2,800 | $2,090 |
| 4 Bedroom | N/A | N/A | $2,520 |
Affordability — Fairbanks, AK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $301,000 |
| Median Household Income | $103,000 |