Fairbanks North Star Borough, Alaska Housing Market
In Fairbanks North Star Borough, Alaska, the median home value is $298,200, with a median monthly rent of $1,459. This places Fairbanks North Star Borough at #637 nationally out of 3134 counties by median home value, and #12 within Alaska.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,347
- Establishments: 2,368
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 18
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 40,574 (avg $87,071)
- Outflow: 36,121 (avg $90,980)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Fairbanks North Star Borough · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 99712 | 224.3 | +8.25% | 2025 |
| 2 | 99701 | 225.3 | +3.14% | 2025 |
| 3 | 99709 | 228.1 | +5.10% | 2025 |
| 4 | 99705 | 236.6 | +3.12% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Fairbanks North Star Borough | Alaska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $298,200 | $283,493 | $227,706 |
| Median Gross Rent | $1,459 | $1,248 | $968 |
| Owner Occupancy Rate | 61.7% | 64.7% | 73.3% |
| Price/Rent Ratio | 17.0 | 19.0 | 18.7 |
Market Analysis
The median home value in Fairbanks North Star Borough is 5.2% above the Alaska state average and 31.0% above the U.S. national average. The median rent of $1,459/month is 16.9% above the state average.
With a price-to-rent ratio of 17.0, the buy-vs-rent decision in Fairbanks North Star Borough is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Fairbanks North Star Borough has an owner-occupancy rate of 61.7%, compared to 64.7% in Alaska and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Washington County | Arkansas | $298,400 | $1,071 |
| Cass County | North Dakota | $298,000 | $958 |
| Platte County | Wyoming | $297,900 | $781 |
| Uintah County | Utah | $298,600 | $941 |
| Hampden County | Massachusetts | $298,800 | $1,136 |
Other Counties in Alaska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wrangell City and Borough | $296,400 | $993 | 59.1% |
| Haines Borough | $293,300 | $1,087 | 78.5% |
| Copper River Census Area | $292,800 | $1,089 | 68.5% |
| Southeast Fairbanks Census Area | $282,000 | $1,351 | 74.7% |
| Petersburg Borough | $315,100 | $950 | 65.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).