The housing market in Fairbanks, AK (99706) is somewhat stagnant compared to the national average. The median housing value in Fairbanks is $406,300, which is significantly higher than the US median of $338,100. In the last year, appreciation of house values has been low at 1.58%, far less than the nation's 8.27% appreciation rate. While house values in Fairbanks remain steady and slightly above the national average, their slow appreciation means that buyers may be better served looking elsewhere for more growth potential in their investments.
The median home cost in Fairbanks (zip 99706) is $406,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairbanks (zip 99706) is up 8.2%.
Average Age of Homes
- The median age of Fairbanks (zip 99706) real estate is 39 years old
The Rental Market in Fairbanks (zip 99706)
- Renters make up 0.0% of the Fairbanks (zip 99706) population
- 0.0% of houses and apartments in Fairbanks (zip 99706), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.