Fairbanks, MN is a great place to live with great housing options. The median value of housing in Fairbanks is $300,500, which is lower than the US house median value of $338,100. However, the 1 year appreciation rate for housing in Fairbanks was 12.16%, which is higher than the US 1 year house appreciation rate of 8.27%. This shows that the market for housing in Fairbanks is strong and a great place to invest.
The median home cost in Fairbanks is $300,500. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Fairbanks is up 13.9%.
Average Age of Homes
- The median age of Fairbanks real estate is 43 years old
The Rental Market in Fairbanks
- Renters make up 0.8% of the Fairbanks population
- 0.0% of houses and apartments in Fairbanks, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.