Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$314,300+5.3% 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$68,134About 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-College, AK is worth $314,300, up 5.3% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $347,414, 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 $68,134 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
$314,300
Change in 1 year
+5.3%
Overvalued %
−9.5%
Show 7 more
Fair home value
$347,414
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
$68,134
Property tax rate
1.19%
Rent and investing
Typical rent
$1,839
Typical rent for houses
$2,331
Price-to-rent ratio
14.2×
Show 3 more
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%
Show 3 more
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%
Show 4 more
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
Show 4 more
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-College, AK overvalued?
Home prices in Fairbanks-College, AK are slightly below what local incomes have historically supported: fair value is about $347,414, so the area is 9.5% undervalued.
Is Fairbanks-College, AK a buyer's or seller's market?
Fairbanks-College, 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-College, AK?
Home values in Fairbanks-College, AK are up 5.3% 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-College, AK?
A household needs about $68,134 a year to afford the typical home in Fairbanks-College, AK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,086.