Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$314,310+5.4% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$68,136About 0.7× the local median income ($92,086): affordable for a typical household
Days on market61 daysAbout the same pace as a year ago
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Fairbanks North Star Borough, AK is worth $314,310, up 5.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $347,399, so the area is 9.5% undervalued. It is a balanced market: homes take about 61 days to sell, listings are up 42% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $68,136 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,086. Typical rent is $1,839 a month, or $2,331 for a house. In the latest IRS figures, 1,438 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$314,310
Change in 1 year
+5.4%
Overvalued %
−9.5%
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Fair home value
$347,399
Change in 5 years
+7.5%
Zillow forecast, next 12 months
+1.7%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,703
Income needed to afford it
$68,136
Property tax rate
1.19%
Rent and investing
Typical rent
$1,839
Typical rent for houses
$2,331
Price-to-rent ratio
14.2×
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HUD Fair Market Rent, 2 bedrooms
$1,553
Gross rental yield
7.02%
Cap rate (estimate)
4.56%
Market activity
Listings vs a year ago
+41.7%
Days on market
61
Listings with a price cut
21.4%
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Homes for sale
306
Pending sales per 100 listings
50
Asking price per sq ft
$200
People and jobs
Median household income
$92,086
Population change (1 year)
−0.7%
Unemployment rate
5.3%
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Population
93,972
Income adjusted for cost of living
$89,231
Net moves in (IRS)
−1,438
Cost of living (US = 100)
103.2
Schools, risk and environment
School rating (1 to 10)
7.7
FEMA hazard risk score (0 to 100)
88.5
Unhealthy air days a year
20
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Flood risk score
45.7
Wildfire risk score
97.6
Walkability (1 to 20)
5.7
Road, rail and air noise
53 dB
Questions people ask
Is Fairbanks North Star Borough, AK overvalued?
Home prices in Fairbanks North Star Borough, AK are slightly below what local incomes have historically supported: fair value is about $347,399, so the area is 9.5% undervalued.
Is Fairbanks North Star Borough, AK a buyer's or seller's market?
Fairbanks North Star Borough, AK is a balanced market: homes take about 61 days to sell, listings are up 42% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Fairbanks North Star Borough, AK?
Home values in Fairbanks North Star Borough, AK are up 5.4% over the last year. Zillow's forecast for the next 12 months is +1.7%.
How much do you need to earn to buy a home in Fairbanks North Star Borough, AK?
A household needs about $68,136 a year to afford the typical home in Fairbanks North Star Borough, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,086.