Fairbanks Metro Area, AK Housing

The housing market in Fairbanks, AK Metro Area is thriving. The median value of a house in this area is $271,700 which is significantly lower than the US House median value of $338,100. Additionally, Fairbanks has seen a much higher annual appreciation rate than the nation at 10.48%, compared to 8.27% for the whole country. This suggests that investing in real estate in Fairbanks could be a profitable option for potential buyers.

The median home cost in Fairbanks Metro Area is $271,700. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairbanks Metro Area is up 8.2%.

Average Age of Homes

- The median age of Fairbanks Metro Area real estate is 33 years old

The Rental Market in Fairbanks Metro Area

- Renters make up 35.6% of the Fairbanks Metro Area population
- 3.8% of houses and apartments in Fairbanks Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fairbanks, Alaska	United States
	42,870.0	139,647,020.0
	36	42
	$271,700	$338,100
	8.2%	16.6%
	31.0%	57.0%
	43.5%	101.1%
	$13.16	$10.98
	$3,234	$2,690
	48.4%	57.4%
	17.7%	11.2%
	33.9%	31.4%
Vacant Housing
	3.8%	1.9%
	0.9%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	5.3%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	2.3%	2.4%
	0.9%	2.8%
	1.5%	3.9%
	2.3%	4.5%
	9.0%	11.3%
	14.4%	13.0%
	36.0%	20.1%
	21.5%	13.6%
	5.7%	8.3%
	3.9%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	11.4%	13.6%
	28.3%	13.2%
	23.0%	14.8%
	11.4%	13.6%
	4.7%	10.0%
	1.8%	4.7%
	1.0%	12.2%

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