According to statistics, the population in Fairbanks, AK amounts to 31,853, which shows decline -2% compared to the previous year. The median age of the city’s residents is 28. The average household income is $60,658, shifting growth 8% from the past year, and the average property value in Fairbanks, AK decline -1% to $199,000 throughout the year.
|Number Of Employees||12,697|
|Median Property Value||$199,000|
The average household income in Fairbanks, AK grew from $56,306 to $60,658 in the past year. This data is an estimate based upon 11,115 households in Fairbanks, AK . The chart below presents how household income is distributed in Fairbanks, AK in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Fairbanks, AK shifted from $200,200 to $199,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fairbanks, AK in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fairbanks, AK properties falls in the '$200,000 to $249,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fairbanks, AK compared to median property taxes around the country. The prevalent amount of property taxes in Fairbanks, AK equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$283,266||-55.5%|
|1 bed for sale||$174,083||+74.2%|
|2 bed for sale||$221,357||+25.9%|
|3 bed for sale||$327,733||-17.6%|
|4+ bed for sale||$249,038||+22%|
During Aug 2022, the average price for an apartment in/near Fairbanks, AK increased by 2.6% to $274,581.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 74.2% to $174,083. Asking price for 2-bed apartment also increased by 25.9% and a place of this size will now cost you $221,357. A 3-bed apartment goes for $327,733, it decreased by 17.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 22% and made it up to $249,038.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$2,400,000||N/A|
|Houses for sale||$323,185||+5%|
|Land for sale||$106,736||+31.2%|
|Duplexes for sale||$272,654||-0.8%|
|Condos for sale||$262,500||+142.4%|
Price reports demonstrate that house price increased by 5% this month making it up to $323,185. Condos are really in demand in this season. The median price for a condo increased by 142.4%, it’s now available for $262,500. You can now purchase a duplex for just $272,654, duplex price decreased by 0.8% this month. Value of the townhouses didn’t change, the price still starts at $2,400,000.