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Fairbanks, AK Housing

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As of 2010-2014, median price of a house in Fairbanks is $197,800, which is lower than the state average of $246,300 and is higher than the national average of $175,700. The Fairbanks median house value has grown by 56.49% since 2000. The growth rate for the price of a house in Fairbanks is lower than the state average rate of 70.80% and is higher than the national average rate of 46.91%. The median year that a house in Fairbanks was built is 1975, which is older than the median year for a house built in the state which is 1983 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 4,254 Owner Occupied Houses in Fairbanks, AK, #73

Fairbanks, AK	197,800 USD
Alaska	246,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #170

Fairbanks, AK	56.49%
Alaska	70.80%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Fairbanks, AK	Alaska	U.S.
Total Housing Units	13,105, see rank, 100%	307,820	132,741,033
Occupied Housing Units	11,512, 87.84%, see rank	81.76%	87.55%
Owner Occupied	4,254, 32.46%, see rank	51.79%	56.34%
Renter Occupied	7,258, 55.38%, see rank	29.97%	31.21%
Vacant Housing Units	1,593, 12.16%, see rank	18.24%	12.45%
For Rent	555, 4.24%, see rank	1.87%	2.34%
For Sale Only	117, 0.89%, see rank	0.85%	1.20%
Rented or Sold, Not Occupied	100, 0.76%, see rank	1.01%	0.92%
For Seasonal, Recreational, or Occasional Use	177, 1.35%, see rank	9.91%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.17%	0.03%
Other Vacant	644, 4.91%, see rank	4.43%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #313

Fairbanks, AK	Alaska	U.S.
1975	1983	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Fairbanks, AK	%	Alaska	U.S.
Owner-Occupied Units	4,254	100%	159,415	74,787,460
With a Mortgage	2,833	66.60%, see rank	66.04%	65.58%
Without a Mortgage	1,421	33.40%, see rank	33.96%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Fairbanks, AK	1,952 USD
Alaska	1,843 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Fairbanks, AK	%	Alaska	U.S.
$299 or Less	0	0.00%, see rank	0.17%	0.20%
$300 to $499	0	0.00%, see rank	0.91%	1.59%
$500 to $699	32	1.13%, see rank	2.21%	5.01%
$700 to $999	118	4.17%, see rank	5.90%	14.32%
$1,000 to $1,499	572	20.19%, see rank	21.02%	27.90%
$1,500 to $1,999	789	27.85%, see rank	28.89%	20.35%
$2,000 to $2,999	1,028	36.29%, see rank	31.27%	19.52%
$3,000 or More	294	10.38%, see rank	9.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fairbanks, AK	28.40% of the Total Income
Alaska	22.80% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fairbanks, AK	%	Alaska	U.S.
10% or Less	85	3.00%, see rank	5.95%	5.86%
10% to 20%	557	19.66%, see rank	34.06%	31.95%
20% to 30%	881	31.10%, see rank	30.44%	27.64%
30% to 40%	485	17.12%, see rank	13.46%	13.74%
40% or More	798	28.17%, see rank	15.95%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Fairbanks, AK	698 USD
Alaska	555 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Fairbanks, AK	%	Alaska	U.S.
$199 or Less	64	4.50%, see rank	7.91%	7.76%
$200 to $299	101	7.11%, see rank	9.62%	14.70%
$300 to $499	308	21.67%, see rank	25.42%	34.63%
$500 to $699	247	17.38%, see rank	26.77%	21.16%
$700 or More	701	49.33%, see rank	30.28%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fairbanks, AK	12.70% of the Total Income
Alaska	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fairbanks, AK	%	Alaska	U.S.
10% or Less	563	39.62%, see rank	46.71%	40.19%
10% to 20%	466	32.79%, see rank	30.56%	31.47%
20% to 30%	163	11.47%, see rank	9.61%	12.24%
30% to 40%	77	5.42%, see rank	4.31%	5.64%
40% or More	152	10.70%, see rank	8.49%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Fairbanks, AK	Alaska	U.S.
Total Housing Units	13,105, 100%	307,820	132,741,033
1-unit, Detached	4,191, 31.98%, see rank	63.00%	61.65%
1-unit, Attached	2,398, 18.30%, see rank	7.61%	5.82%
2 Units	889, 6.78%, see rank	4.94%	3.75%
3 or 4 Units	1,522, 11.61%, see rank	7.04%	4.43%
5 to 9 Units	1,473, 11.24%, see rank	4.64%	4.78%
10 or More Units	2,544, 19.41%, see rank	7.78%	13.08%
Mobile Home, Boat, RV, Van, etc.	88, 0.67%, see rank	5.00%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Fairbanks, AK	Alaska	U.S.
Total Housing Units	13,105, 100%	307,820	132,741,033
1 Room	449, 3.43%, see rank	5.79%	1.95%
2 Rooms	1,320, 10.07%, see rank	7.74%	2.48%
3 Rooms	1,737, 13.25%, see rank	13.20%	9.13%
4 Rooms	3,135, 23.92%, see rank	19.05%	16.60%
5 Rooms	2,493, 19.02%, see rank	18.17%	20.41%
6 Rooms	1,652, 12.61%, see rank	13.81%	18.06%
7 Rooms	876, 6.68%, see rank	9.08%	12.27%
8 Rooms	736, 5.62%, see rank	6.01%	8.48%
9 Rooms or More	707, 5.39%, see rank	7.14%	10.60%
Median Rooms	4.50, see rank	4.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Fairbanks, AK	Alaska	U.S.
Total Housing Units	13,105, 100%	307,820	132,741,033
No Bedroom	498, 3.80%, see rank	6.10%	2.17%
1 Bedroom	2,579, 19.68%, see rank	14.60%	11.16%
2 Bedrooms	3,888, 29.67%, see rank	26.63%	26.69%
3 Bedrooms	4,227, 32.25%, see rank	34.72%	39.70%
4 Bedrooms	1,579, 12.05%, see rank	14.30%	16.05%
5 or More Bedrooms	334, 2.55%, see rank	3.65%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Fairbanks, AK	Alaska	U.S.
Total Housing Units	11,512, 100%	251,678	116,211,092
Utility Gas	1,037, 9.01%, see rank	48.28%	48.85%
Bottled, Tank, or LP Gas	188, 1.63%, see rank	1.42%	4.86%
Electricity	1,607, 13.96%, see rank	11.43%	36.68%
Fuel Oil, Kerosene, etc.	7,663, 66.57%, see rank	31.25%	5.86%
Coal or Coke	197, 1.71%, see rank	0.33%	0.12%
Wood	135, 1.17%, see rank	6.25%	2.12%
Solar Energy	0, 0.00%, see rank	0.01%	0.05%
Other Fuel	382, 3.32%, see rank	0.65%	0.47%
No Fuel Used	303, 2.63%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Fairbanks, AK	Alaska	U.S.
Occupied Units Paying Rent	7,023, 100%	84,683	39,201,928
$199 or Less	0, 0.00%, see rank	0.95%	1.50%
$200 to $299	40, 0.57%, see rank	0.98%	3.18%
$300 to $499	205, 2.92%, see rank	5.08%	7.37%
$500 to $699	382, 5.44%, see rank	7.12%	16.01%
$700 to $999	1,318, 18.77%, see rank	24.89%	29.17%
$1,000 to $1,499	2,430, 34.60%, see rank	34.67%	26.88%
$1,500 to $1,999	1,363, 19.41%, see rank	15.89%	9.79%
$2,000 or More	1,285, 18.30%, see rank	10.41%	6.10%
Median	$1,253, see rank	$1,131	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Fairbanks, AK	Alaska	U.S.
Occupied Housing Units	11,512, 100%	251,678	116,211,092
No Vehicles Available	1,204, 10.46%, see rank	9.59%	9.12%
1 Vehicles Available	4,875, 42.35%, see rank	31.80%	33.80%
2 Vehicles Available	4,118, 35.77%, see rank	37.55%	37.48%
3 or More Vehicles Available	1,315, 11.42%, see rank	21.05%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.