The housing market in Fairbanks, AK (99703) is faring slightly worse than the US average. The median value of a house in Fairbanks is $313,600, compared to the US median of $338,100. Furthermore, while the appreciation rate for US houses was 8.27% over the last year, Fairbanks has only seen a 1.58% appreciation rate during that time period. This suggests that local housing prices are not rising as quickly as national averages and may require further investigation into possible causes.
The median home cost in Fairbanks (zip 99703) is $313,600. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairbanks (zip 99703) is up 8.2%.
Average Age of Homes
- The median age of Fairbanks (zip 99703) real estate is 14 years old
The Rental Market in Fairbanks (zip 99703)
- Renters make up 95.0% of the Fairbanks (zip 99703) population
- 3.1% of houses and apartments in Fairbanks (zip 99703), 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.