Southeast Fairbanks Census Area, Alaska Housing Market Prices
Southeast Fairbanks Census Area Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% below the Alaska median More expensive than 74% of counties in Alaska$316,666
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Median rent 5% below the Alaska median More expensive than 72% of counties in Alaska$1,350
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Southeast Fairbanks Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,666 | $320,616 | $248,835 |
| Price Trend (Annual %) | 11.1% | 5.4% | 7.5% |
| Median Gross Rent | $1,350 | $1,418 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 2.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Southeast Fairbanks Census Area is about 1% lower than in Alaska. Rent is about 5% lower than the Alaska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Southeast Fairbanks Census Area, up about 11.1% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Southeast Fairbanks Census Area rose about 14.9% between 2015 and 2024, from $1,175 to $1,350. Over the same span, rent in Alaska rose about 23.8%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Southeast Fairbanks Census Area.
Buying the median-priced home in Southeast Fairbanks Census Area costs roughly 19.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Southeast Fairbanks Census Area. The price-to-rent ratio in Alaska is about 18.8.
| Metric | Southeast Fairbanks Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,666 | $320,616 | $248,835 |
| Median Household Income | $74,514 | $93,666 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Southeast Fairbanks Census Area rose about 53.0%, while median household income rose about 21.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Southeast Fairbanks Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.1% | 55.1% | 58.5% |
| Rental Rate | 18.0% | 27.3% | 31.2% |
| Vacancy Rate | 29.0% | 17.6% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Southeast Fairbanks Census Area has a homeownership rate of 53.1%, lower than the Alaska average of 55.1%. Its housing vacancy rate is 29.0%, compared with 17.6% in Alaska.
Housing Stock
| Metric | Southeast Fairbanks Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1987 | 1986 | 1978 |
| Median Number of Rooms | 4.4 | 4.8 | 5.5 |
The typical housing unit in Southeast Fairbanks Census Area was built around 1987. On average, 2.6 people live in a home with about 4.4 rooms, staying for about 16.0 years on average.
Southeast Fairbanks Census Area, AK Housing Compared With Nearby Counties
How Southeast Fairbanks Census Area, AK compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Southeast Fairbanks Census Area, AK | 7,068 | $316,666 #2/3 | $1,350 #2/3 | 74.7% #2/3 |
| Fairbanks North Star Borough, AK | 95,452 | $332,425 | $1,458 | 61.7% |
| Matanuska-Susitna Borough, AK | 112,982 | $262,501 | $1,299 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in Southeast Fairbanks Census Area, Alaska.
What is the median home price in Southeast Fairbanks Census Area, Alaska?
The median home price in Southeast Fairbanks Census Area, Alaska is $316,666, lower than the Alaska average of $320,616.
What is the average home price in Southeast Fairbanks Census Area, Alaska?
The typical home price in Southeast Fairbanks Census Area, Alaska, reported as the median sale price, is $316,666. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Southeast Fairbanks Census Area, Alaska?
The median gross rent in Southeast Fairbanks Census Area, Alaska is $1,350 per month, lower than the Alaska average of $1,418.
What was the median gross rent in Southeast Fairbanks Census Area in 2020?
In 2020, the median gross rent in Southeast Fairbanks Census Area, Alaska was $972 per month.
What is the price-to-rent ratio in Southeast Fairbanks Census Area, Alaska?
The price-to-rent ratio in Southeast Fairbanks Census Area, Alaska is about 19.5, meaning it would take roughly 19.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Southeast Fairbanks Census Area.
Are home prices or rent rising faster in Southeast Fairbanks Census Area, Alaska?
Both home prices and rent are rising in Southeast Fairbanks Census Area, up about 11.1% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Southeast Fairbanks Census Area, Alaska?
53.1% of households in Southeast Fairbanks Census Area, Alaska own their home, lower than the Alaska average of 55.1%.
What is the vacancy rate in Southeast Fairbanks Census Area, Alaska?
The housing vacancy rate in Southeast Fairbanks Census Area, Alaska is 29.0%, higher than the Alaska average of 17.6%.
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