Fairbanks, IN housing market
The typical Fairbanks home is worth about $208,000, up 8% in a year, 20% below the Indiana typical home.
Home values, sales, trends and how Fairbanks compares with the towns next door — updated as new data is published.
Fairbanks at a glance
Typical home value, 2016–2026
Show as a table
| January | Fairbanks | Indiana |
|---|---|---|
| 2017 | $108,000 | $135,000 |
| 2018 | $110,000 | $144,000 |
| 2019 | $117,000 | $154,000 |
| 2020 | $124,000 | $164,000 |
| 2021 | $140,000 | $183,000 |
| 2022 | $153,000 | $209,000 |
| 2023 | $161,000 | $227,000 |
| 2024 | $169,000 | $237,000 |
| 2025 | $186,000 | $249,000 |
| 2026 | $199,000 | $256,000 |
| August 2026 | $208,000 | $260,000 |
Fairbanks and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Fairbanks | $208K | +8% | $1,190 | $68,250 |
| Turman | — | +16.7%† | $1,050 | $54,167 |
| Prairie Creek | — | +8.8%† | $1,140 | $27,321 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,190
HUD's Fair Market Rent for a two-bedroom in Fairbanks is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $880 · 4 bedrooms $1,890
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47849, 47850, 47879; Sullivan County, IN 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.