Fairbanks housing market
Typical home value
$314K
▲ 5.3% 1 yr
Typical rent
$1,839/mo
▲ 4.7% 1 yr
12-month forecast
+1.7%
#331 of 546 metros
Gross rent yield
7.0%
#122 of 546 · U.S. 6.3%
Days to pending
32 days
▲ +5 days 1 yr
Listings with a price cut
35%
▲ +5.0 pts 1 yr
Key takeaways
- 1The typical home is worth $314,300, up 5.3% in a year and up 7% over five years.
- 2Zillow forecasts home values rising 1.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,839/mo (+4.7% YoY), a 7.0% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,727/mo in principal and interest, $112 less than renting.
- 5Homes go under contract in 32 days (+5 days vs last year); 35% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 44/100, #222 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fairbanks compares
| Measure | Fairbanks | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +5.3% | +1.2% | #54 |
| Home value, 5-yr change | +7.5% | +19.7% | |
| 12-month forecast | +1.7% | +1.1% | #331 |
| Rent, 1-yr change | +4.7% | +2.7% | #130 |
| Gross rent yield | 7.0% | 6.3% | #122 |
| Price-to-rent ratio | 14.2 | 15.8 | |
| Mortgage P&I on typical home | $1,727 | $2,012 | |
| Income needed to buy | $90,878 | $100,902 | |
| Days to pending | 32 | 56 |
Cities in the Fairbanks metro
2 cities with home value and rent data.
| Fairbanks | $308K | ▲ 5.4% | $1,907 | ▲ 4.8% | 7.4% |
| North Pole | $335K | ▲ 5.3% | $1,788 | ▲ 4.8% | 6.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Fairbanks rental ($314K, $1,839/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Fairbanks home.
Rent vs buy
Is it cheaper to rent or buy in Fairbanks?
Other Alaska metros
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.