New Listing
2
$172,000
1219/1221 9th Ave
Fairbanks, AK 99701
4 bd2 ba1,650 sqft$104/ft²
Multi-family9,000 sqft lot
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Fairbanks, AK Housing Market
Strong seller's market+3.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Fairbanks, AK is worth $305,391, rose 3.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $296,250, +3.1% year over year (through May 2026). With 1.8 months of supply and homes going under contract in about 50 days, Fairbanks is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $305,391 home is about $1,630/mo in principal and interest.
Key numbers for Fairbanks, AK
Typical home value
$305,391
+3.3% in 12 months
Zillow, August 2026
Typical asking rent
$1,840/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$296,250
+3.1% year over year
Redfin, through May 2026
Days on market
50
Average pace
Redfin, through May 2026
Active listings
39
1.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$72,077
Home costs 4.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.5%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Fairbanks a buyer's or seller's market?
Strong seller's market1.8 months of supply50 days on market100.5% of asking
Fairbanks, AK is a strong seller's market, based on 1.8 months of supply and homes selling in about 50 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Fairbanks housing market data show?
Every row below is Redfin's final published month for Fairbanks, AK. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $296,250 |
| Median list price | $339,450 |
| Year-over-year price change | +3.1% |
| Median price per sq ft | $206/sq ft |
| Median days on market | 50 days |
| Active inventory | 39 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 100.5% |
| Homes sold (that month) | 22 |
| New listings (that month) | 38 |
| Listings with a price cut | 25.6% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Fairbanks is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Fairbanks is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Fairbanks home prices moved?
Over the last three years the median sale price in Fairbanks, AK rose 8.9%, from $271,950 to $296,250. The live Zillow value series has rose 3.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.6% of Fairbanks listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.8 months while the sale-to-list ratio slips below its current 100.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Fairbanks?
Priced off the typical home value of $305,391 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $61,078 | $244,313 | $1,630/mo |
| 5% | $15,270 | $290,122 | $1,936/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,630, that implies roughly $69,872 a year before you add taxes and insurance. The median household in Fairbanks earns $72,077, about $2,205 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.2x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Fairbanks in the next 12 months?
Tell us your timeline. We send the Fairbanks market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Fairbanks?
Typical asking rent in Fairbanks, AK is $1,840/mo, against a typical home value of $305,391. That is a price-to-rent ratio of 13.8x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,630 a month — $209 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Fairbanks?
Active listings in Fairbanks, AK went from 67 in May 2025 to 39 in May 2026, a -41.8% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 78 | 37 |
| July 2025 | 84 | 45 |
| August 2025 | 79 | 36 |
| September 2025 | 66 | 28 |
| October 2025 | 56 | 21 |
| November 2025 | 47 | 12 |
| December 2025 | 36 | 9 |
| January 2026 | 38 | 18 |
| February 2026 | 37 | 10 |
| March 2026 | 56 | 37 |
| April 2026 | 49 | 23 |
| May 2026 | 39 | 38 |
Redfin, through May 2026
How does Fairbanks compare to Alaska and the U.S.?
Fairbanks homes sell for $296,250 — 31% below the Alaska median of $427,100. Against the national median of $410,700, Fairbanks runs 28% lower. Year-over-year, Fairbanks moved +3.1% against Alaska's +4.2% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Fairbanks, AK | $296,250 | +3.1% | 50 days |
| Alaska statewide | $427,100 | +4.2% | 22 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Fairbanks
What buyers should watch
- Months of supply, currently 1.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $306 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $305,391 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Fairbanks listing goes under contract in 50 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month Fairbanks added 38 new listings against 22 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Fairbanks varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Fairbanks
There are currently 39 homes listed for sale in Fairbanks, Alaska. The median listing price is $339K. Featured listings range from $172,000 to $649,900.
$190,000
1207 Warren St
Fairbanks, AK 99701
3 bd1 ba1,056 sqft$180/ft²
House7,200 sqft lot
View photos & details
$245,000
1624 Washington Dr Unit 1624 Washington Dr Unit B
Fairbanks, AK 99709
3 bd2 ba1,188 sqft$206/ft²
House5,614 sqft lot
View photos & details
New Listing
31
$249,000
1507 4th Ave
Fairbanks, AK 99701
2 bd3 ba1,968 sqft$127/ft²
House6,000 sqft lot
View photos & details
37
$249,900
1393 Sixth Ave
Fairbanks, AK 99701
2 bd1 ba360 sqft$694/ft²
House5,698 sqft lot
View photos & details
New Listing
31
$249,900
1813 Central Ave
Fairbanks, AK 99709
2 bd1 ba808 sqft$309/ft²
House7,920 sqft lot
View photos & details
New Listing
23
$299,900
1177 Coppet St
Fairbanks, AK 99709
2 bd1 ba1,728 sqft$174/ft²
House12,600 sqft lot
View photos & details
New Listing
33
$355,000
731 28th Ave
Fairbanks, AK 99701
4 bd2 ba1,536 sqft$231/ft²
Multi-family4,750 sqft lot
View photos & details
New Listing
50
$359,900
2596 Waldheim Dr
Fairbanks, AK 99709
4 bd2 ba1,906 sqft$189/ft²
House4.95 acres
View photos & details
New Listing
33
$399,000
92 D St
Fairbanks, AK 99701
3 bd2 ba1,512 sqft$264/ft²
House21,780 sqft lot
View photos & details
New Listing
21
$435,000
1110 Erimar St
Fairbanks, AK 99712
3 bd2 ba1,476 sqft$295/ft²
House1.50 acres
View photos & details
New Listing
50
$649,900
150 S Grange Hall Rd
Fairbanks, AK 99712
3 bd4 ba2,448 sqft$265/ft²
House42.60 acres
View photos & details
Looking to buy in Fairbanks?
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Active listings
39
Homes on market
Median list price
$339K
Avg. days on market
50
Days until sale
New this week
38
Newly listed
Price drops:25.6%of listings
Sale-to-list:100.5%
How much do homes cost in Fairbanks by property type?
How the Fairbanks, AK market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $300,000 | $206/sq ft | 17 | 50 days |
| Condo / co-op | $220,000 | $206/sq ft | 3 | 64 days |
Who lives in Fairbanks?
American Community Survey estimates for Fairbanks. U.S. Census ACS, 2023
Population
32,242
Households
12,203
Median income
$72,077/yr
Median age
28.6 years
Owner-occupied
40.5%
Median home value
$255,700
Median gross rent
$1,470/mo
Mean commute
14.1 min
40.5% of occupied homes in Fairbanks are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $255,700 against Zillow's $305,391 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,470/mo, below Zillow's $1,840/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Fairbanks?
27 schools tracked · 20,001 students
The largest public schools serving Fairbanks, AK by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Interior Distance Education of Alaska (IDEA)
Grades PK-12 · 7,486 students
Raven School
Grades PK-12 · 3,273 students
Fairbanks B.E.S.T.
Grades PK-12 · 940 students
Lathrop High School
Grades 9-12 · 855 students
West Valley High School
Grades 9-12 · 818 students
Tanana Middle School
Grades 6-8 · 544 students
Ryan Middle School
Grades 6-8 · 480 students
Weller Elementary
Grades PK-5 · 459 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Fairbanks, AK?
Ordered by distance from Fairbanks, not by size. Compare Fairbanks side by side with any of them.
Which ZIP codes are in Fairbanks?
These are the ZIP codes we see on active Fairbanks listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Fairbanks housing market FAQ
Is Fairbanks a buyer's or seller's market?
Fairbanks, AK is currently a strong seller's market. That read comes from 1.8 months of supply, homes going under contract in about 50 days, and sellers getting 100.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Fairbanks?
The typical home in Fairbanks, AK is worth $305,391 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $296,250, about $206 per square foot.
Is Fairbanks cheaper than the rest of Alaska?
Fairbanks's median sale price of $296,250 is 31% lower than the Alaska statewide median of $427,100, and 28% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Fairbanks?
Homes in Fairbanks, AK spent a median of 50 days on market before going under contract, versus 22 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Fairbanks?
At the current 30-year fixed rate of 7.03%, 20% down on a $305,391 home is about $1,630 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $69,872 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $72,077.
Are home prices rising in Fairbanks?
The typical home value in Fairbanks, AK rose 3.3% over the last 12 months, from $295,604 to $305,391 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Fairbanks?
Fairbanks ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Fairbanks?
That depends on your timeline, not on a headline. What the data says today: Fairbanks, AK is a strong seller's market with 1.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.8x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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