A typical Fairbanks home is worth roughly $192,000
What kind of housing town is Fairbanks?
Read from the numbers below. The page puts what stands out first.
99% of Fairbanks households own their home
Half of Fairbanks’s homes were built before 1988.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
What it takes to buy in Fairbanks
Try your own numbers below.
That covers a typical Fairbanks home, with $79K to spare.
A two-bedroom rents for about $1,250 a month here, $40 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,250
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Delta County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Fairbanks vs. its neighbors
Fairbanks is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Fairbanks | $192K* | — | $1,250 | $48,393 |
| Garden | $226K | +12.4% | $1,130 | $51,838 |
| Nahma | $154K* | +47.2%† | $1,270 | $54,205 |
| Washington | $322K* | — | $1,030 | $70,000 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Fairbanks buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. 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. The calculator is an estimate, not a loan offer.