Fairbanks, AK housing market
The typical Fairbanks home is worth about $305,000, up 4.3% in a year, 23% below the Alaska typical home. Homes typically sell in 50 days, close to asking.
Home values, sales, trends and how Fairbanks compares with the towns next door — updated as new data is published.
Fairbanks at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Fairbanks | Alaska |
|---|---|---|
| 2017 | $238,000 | $285,000 |
| 2018 | $251,000 | $289,000 |
| 2019 | $251,000 | $292,000 |
| 2020 | $271,000 | $317,000 |
| 2021 | $277,000 | $325,000 |
| 2022 | $292,000 | $349,000 |
| 2023 | $294,000 | $359,000 |
| 2024 | $290,000 | $362,000 |
| 2025 | $298,000 | $373,000 |
| 2026 | $293,000 | $387,000 |
| August 2026 | $305,000 | $399,000 |
25 new homes permitted in 2025
Builders were permitted 25 new homes in Fairbanks in 2025: 7 single-family houses and 18 in buildings with two or more homes, worth about $8.7 million to build. That's 0.8 per 1,000 residents, slower than across Alaska (1.8). Over the past 10 years, Fairbanks has permitted 42 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Fairbanks gained 980 residents with no new homes permitted, so the growth came from existing homes. Across Alaska: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 4 | 2 | $2.6 million |
| 2025 | 25 | 7 | 18 | $8.7 million |
| 2024 | 17 | 5 | 12 | $5.2 million |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 2 | 2 | 0 | $184,000 |
| 2007 | 9 | 9 | 0 | $826,000 |
| 2006 | 12 | 12 | 0 | $1.1 million |
| 2005 | 13 | 13 | 0 | $1.2 million |
| 2004 | 12 | 12 | 0 | $1.1 million |
| 2003 | 12 | 12 | 0 | $1.1 million |
| 2002 | 10 | 10 | 0 | $918,000 |
| 2001 | 9 | 9 | 0 | $826,000 |
| 2000 | 11 | 11 | 0 | $1 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Fairbanks and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Fairbanks | $305K | +4.3% | $1,850 | 25 | $73,534 |
| College | — | +5.1%† | $1,510 | — | $83,895 |
| South Van Horn | — | +4.4%† | $1,510 | — | $73,214 |
| Badger | — | +3.4%† | $1,700 | — | $97,183 |
| Steele Creek | — | +8.3%† | $1,510 | — | $121,364 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Fairbanks home costs about 4.2 years of the town's median household income, about the same as across Alaska (4.3).
How Fairbanks ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,850
HUD's Fair Market Rent for a two-bedroom in Fairbanks is $1,850 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Fairbanks pay a median of $1,496, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,270 · 4 bedrooms $3,090
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99701, 99703, 99709, 99712; Fairbanks-College, AK MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Fairbanks
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.