Housing data for Fairbanks, AK

Fairbanks, AK has an estimated 32,083 residents and 13,793 homes (US Census Bureau, 2020–2024 American Community Survey).

It is a city in Fairbanks North Star Borough.

60.2% of households rent.

The median gross rent is $1,496 a month.

Its population grew measurably since 2015–2019 (+1.7%).

Figures last updated on .

Residents
32,083 (±56)
Housing units
13,793 (±902)
Households that rent
60.2%
Median gross rent
$1,496
Residents since 2015–2019
+1.7%

What stands out in Fairbanks

Homes in buildings of 5 or more units: 31.1% (±3.6 points) in Fairbanks, higher than in Fairbanks North Star Borough (14.3%).

Households that rent: 60.2% (±3.2 points) in Fairbanks, higher than in Fairbanks North Star Borough (38.3%).

Homes built before 1980: 51.3% (±4.2 points) in Fairbanks, higher than in Fairbanks North Star Borough (38.2%).

Households without a vehicle: 8.0% (±1.9 points) in Fairbanks, higher than in Fairbanks North Star Borough (4.6%).

Housing in Fairbanks at a glance

Fairbanks against Fairbanks North Star Borough, its state and the nation

Estimate (90% margin of error)
FairbanksFairbanks North Star BoroughAlaskaUnited States
Residents32,083 (±56)95,460 (exact)735,706 (exact)334,922,499
Housing units13,793 (±902)42,680 (±799)328,491 (±442)143,775,355
Households that rent60.2% (±3.2 points)38.3% (±2.1 points)33.2% (±0.7 points)34.8%
Median gross rent$1,496 (±$81)$1,459 (±$45)$1,419 (±$23)$1,413
Median household income$73,534 (±$4,373)$88,267 (±$4,639)$92,788 (±$1,232)$80,734
Median home value$268,400 (±$13,741)$298,200 (±$9,478)$352,900 (±$3,735)$332,700
Median real estate taxes (a year)$3,313 (±$327)$3,550 (±$183)$3,901 (±$70)$3,119
Built before 198051.3% (±4.2 points)38.2% (±2.2 points)36.9% (±0.7 points)49.7%
Average commute14.5 minutes (±1.6)19.2 minutes (±1.1)19.4 minutes (±0.3)26.4 minutes
Households with broadband88.3% (±2.6 points)91.5% (±1.6 points)91.9% (±0.4 points)91.0%
Median age of residents29.0 years (±1.2)32.5 years (±0.3)35.8 years (±0.1)38.9 years

Fairbanks covers 31.8 square miles of land, about 1,009 residents per square mile (Census Bureau Gazetteer).

How Fairbanks has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Residents31,551 (±38)32,083 (±56)+1.7%Measurable increase
Housing units12,967 (±566)13,793 (±902)+6.4%Not a measurable change
Median gross rent$1,388 (±$55)$1,496 (±$81)+7.8%Down after inflation
Median home value$211,500 (±$10,543)$268,400 (±$13,741)+26.9%No measurable change after inflation
Median household income$62,602 (±$4,290)$73,534 (±$4,373)+17.5%No measurable change after inflation
Median owner cost with a mortgage$1,800 (±$85)$2,197 (±$70)+22.1%No measurable change after inflation
Median real estate taxes$2,795 (±$149)$3,313 (±$327)+18.5%No measurable change after inflation
Households that rent64.2% (±2.8 points)60.2% (±3.2 points)−4.0 percentage pointsNot a measurable change
Rental vacancy rate7.4% (±2.1 points)9.2% (±3.0 points)+1.8 percentage pointsNot a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Crime reported to police in Fairbanks

In 2025, the Fairbanks Police Department reported 846 violent and 3,026 property crimes per 100,000 residents to the FBI.

ZIP codes in Fairbanks

ZIP Code Tabulation Areas that cover this place (2020–2024 estimates)
ZIP codeShare of the ZIP’s land in this placeResidentsMedian gross rentMedian home valueMedian household income
99703100%8,304$2,239—$68,667

A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.

Places near Fairbanks

Nearest places with Census figures, by straight-line distance
PlaceDistanceMedian gross rentMedian home valueHouseholds that rent
Farmers Loop5.1 mi$1,406$279,80017.8%
College5.4 mi$1,454$297,50039.0%
Badger8.2 mi$1,629$310,60019.4%
Steele Creek8.8 mi$1,223$348,40010.3%
North Pole10 mi$1,304$289,40044.1%
Chena Ridge12 mi$1,110$395,50024.3%
Ester12 mi$1,208$255,40044.4%
Goldstream13 mi$847$289,60017.7%

Places in Alaska most like Fairbanks

PlaceMedian gross rentMedian home valueMedian household incomeHouseholds that rent
Kodiak$1,571$347,100$90,29250.2%
College$1,454$297,500$83,89539.0%
Utqiaġvik$1,360$311,400$115,31354.4%
Kotzebue$1,565$288,400$110,35752.0%
Ketchikan$1,417$352,400$85,27538.6%
Dillingham$1,228$307,900$101,20043.5%

Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Alaska.

HUD Fair Market Rent for Fairbanks, fiscal year 2027

Fairbanks-College, AK MSA, dollars a month
Studio1 bedroom2 bedrooms3 bedrooms4 bedrooms
$1,081$1,187$1,553$2,150$2,596

HUD income limits for Fairbanks, fiscal year 2026

Fairbanks-College, AK MSA, annual household income
Household sizeExtremely low (30%)Very low (50%)Low (80%)
1 person$24,450$40,750$65,150
2 people$27,950$46,550$74,450
3 people$34,150$52,350$83,750
4 people$41,250$58,150$93,050
5 people$48,350$62,850$100,500
6 people$55,450$67,500$107,950
7 people$62,550$72,150$115,400
8 people$69,650$76,800$122,850

These are the limits HUD sets for its housing programs in the Fairbanks-College, AK MSA, where HUD’s median family income for fiscal year 2026 is $116,300.

A program can use its own limits; tax-credit and local programs often do.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Fairbanks

What is the average rent in Fairbanks, AK?

The Census Bureau publishes the median rather than the average: the median gross rent in Fairbanks is $1,496 (±$81) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much is a one-bedroom apartment in Fairbanks?

The median gross rent for a one-bedroom home in Fairbanks, AK is $1,109 (±$71) a month (2020–2024 American Community Survey).

Are renters in Fairbanks rent-burdened?

50.2% of renting households in Fairbanks pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

How many renters are there in Fairbanks?

Fairbanks has an estimated 7,262 (±814) renting households, 60.2% of its occupied homes (2020–2024 American Community Survey).

What is the median household income in Fairbanks?

The median household income in Fairbanks is $73,534 (±$4,373) a year (2020–2024 American Community Survey).

What is the average home value in Fairbanks, AK?

The Census Bureau publishes the median: $268,400 (±$13,741) for owner-occupied homes in Fairbanks (2020–2024 American Community Survey).

Is Fairbanks growing?

In Fairbanks, the number of residents went from 31,551 in 2015–2019 to 32,083 in 2020–2024 (+1.7%), a measurable increase.

What ZIP codes are in Fairbanks?

The ZIP code that covers Fairbanks is 99703.

What is the median rent in ZIP code 99703?

The median gross rent in ZIP Code Tabulation Area 99703 is $2,239 (±$98) a month (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Fairbanks city, Alaska (place:24230, in state:02).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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