Knik-Fairview, AK housing market
Homes typically sell in 32 days, a little above asking.
Home values, sales, trends and how Knik-Fairview compares with the towns next door — updated as new data is published.
Knik-Fairview at a glance
A seller's market
Supply is tight — about 2.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Knik-Fairview rose 48% over the past 5 years, faster than across Alaska (39%). Last year prices rose 4.8%. Carrying the Census median home value forward with that index puts the typical Knik-Fairview home at roughly $539,000 today.
Show as a table
| Year | Change that year | Since 2000 | Alaska since 2000 |
|---|---|---|---|
| 2025 | +4.8% | +158% | +160% |
| 2024 | +5.1% | +147% | +150% |
| 2023 | +7.8% | +135% | +139% |
| 2022 | +15% | +118% | +124% |
| 2021 | +8.7% | +90% | +99% |
| 2020 | +4.5% | +75% | +87% |
| 2019 | +2.5% | +67% | +83% |
| 2018 | −0.5% | +63% | +79% |
| 2017 | +4.5% | +64% | +76% |
| 2016 | +3.2% | +57% | +74% |
| 2015 | +4.1% | +52% | +71% |
| 2014 | −0.1% | +46% | +66% |
| 2013 | +2.4% | +46% | +62% |
| 2012 | −1% | +43% | +58% |
| 2011 | +0.4% | +44% | +57% |
| 2010 | −1.6% | +44% | +57% |
| 2009 | −1.8% | +46% | +57% |
| 2008 | +0.2% | +49% | +59% |
| 2007 | +2% | +48% | +60% |
| 2006 | +7.6% | +45% | +55% |
| 2005 | +10% | +35% | +41% |
| 2004 | +11% | +22% | +25% |
| 2003 | +3% | +10% | +13% |
| 2002 | +3.3% | +7% | +9.5% |
| 2001 | +3.6% | +3.6% | +4.8% |
| 2000 | — | — | — |
How Knik-Fairview ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 99623, 99654, 99652, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Knik-Fairview and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Knik-Fairview | — | +4.8%† | $1,470 | — | $96,437 |
| Big Lake | — | — | $1,250 | — | $81,406 |
| Meadow Lakes | — | +5%† | $1,480 | — | $81,699 |
| Point MacKenzie | — | +5.3%† | $1,560 | — | — |
| Wasilla | $425K | +7.1% | $1,360 | 64 | $67,234 |
| Gateway | — | +7.4%† | $1,440 | — | $137,772 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Knik-Fairview home costs about 3.5 years of the town's median household income, less than across Alaska (4.3 years).
How Knik-Fairview 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 $1,470
HUD's Fair Market Rent for a two-bedroom in Knik-Fairview is $1,470 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Knik-Fairview pay a median of $1,588. A two-bedroom takes about 18% of the town's median household income.
Studio $1,080 · 4 bedrooms $2,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99623, 99652, 99654; Matanuska-Susitna Borough, AK HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.