Fairbanks, AK home prices
Typical home $314,300 · +5.3% in a year · income needed $92,600
The Fairbanks, AK metro area ranks 291 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.3% in a year and +7.5% over five years. With 20% down at 7.11%, the typical home costs about $2,160 a month including 1.19% property tax (Fairbanks North Star Borough rate).
Mortgage on the typical Fairbanks home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $62,860 | $251,440 | $1,691 | $0 | $469 | $2,160 | $92,600 |
| 10% down | $31,430 | $282,870 | $1,903 | $118 | $469 | $2,490 | $106,700 |
| 5% down | $15,715 | $298,585 | $2,009 | $124 | $469 | $2,602 | $111,500 |
| 3.5% down (FHA) | $11,001 | $308,607 | $2,076 | $139 | $469 | $2,684 | $115,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.19% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Fairbanks area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Fairbanks North Star Borough, AK | $314,310 | +5.4% | 1.19% |
What can you afford in Alaska on your salary? · Alaska home prices · Salaries in Alaska
Frequently asked questions
How much is a house in Fairbanks?
The typical home in the Fairbanks, AK metro area is worth $314,300 (Zillow, September 2026).
What salary do you need to buy a house in Fairbanks?
About $92,600 a year for the typical home with 20% down at 7.11%.