Cheap Homes For Sale in Fairbanks AK | Zillow (2024)

FAQs

Is Fairbanks cheap to live? ›

Fairbanks, Alaska's cost of living is 24% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

The cost of living in Anchorage, AK is 1.0% higher than in Fairbanks, AK.

Some of the best neighborhoods in or around Fairbanks, Alaska are Aurora-Lemeta, Van Horn Industrial Area and Hamilton Acres. Consider buying or renting a home in one of these popular neighborhoods.

It costs about $262 per square foot to build a house in Alaska. So, you would have to spend $524,000 to build a 2,000-square-foot home in Alaska. These costs will vary depending on location, property type, labor expenses, material costs, etc.

Fairbanks is one of the most affordable places to live in Alaska with an average home rent ranging from $700 – $3,500. It also offers cheaper housing costs which is 17.1% lower than the national average.

Anchorage and Fairbanks are both ideal gateways for exploring Alaska. Anchorage offers coastal views and national park access, while Fairbanks is known for Northern Lights and Arctic exploration. Deciding which to visit first depends on your priorities – national parks and wildlife or a chance to see the aurora.

Fairbanks is several hundred miles north of Anchorage, it's far from the sea, and it has a higher elevation. All of those features tend to make a place colder in winter. However, Anchorage, although not as cold, gets much more snow and ice than Fairbanks does.

What is the ethnic makeup of Fairbanks Alaska? ›

The 5 largest ethnic groups in Fairbanks, AK are White (Non-Hispanic) (67.8%), Two+ (Non-Hispanic) (8.97%), American Indian & Alaska Native (Non-Hispanic) (6.67%), Black or African American (Non-Hispanic) (3.93%), and White (Hispanic) (3.59%).

With a crime rate of 52 per one thousand residents, Fairbanks has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 19.

Yes, it's definitely possible. Without the benefit of financing, you can still build a basic 3 bed/2 bath house around 1000 sqft to code for that much in central California or even a little larger in Texas. With financing, you can build a 4 bed/3 bath house around 2500 sqft.

No. Every inch of land in Alaska is owned by someone, the vast majority of it by the state or federal government. If you want to build on a piece of land you'll need to buy it or get permission from the land owner like you would anywhere else in the US.

According to the 2021 International Residential Code and 2021 International Building Code, a permit is required "...to construct, enlarge, alter, repair, move, demolish or change the occupancy of a building or structure, or to erect, install, enlarge, alter, repair, remove, convert or replace any electrical, gas, ...

Known as the "Golden Heart City," Fairbanks Alaska boasts diverse culture, rich history, a thriving population and economy, and plenty to explore! In the summer, go adventure in the land of the midnight sun. In the winter, take in breathtaking views of the aurora dancing in the night sky.

Anchorage was the third-worst metro area in the nation for violent crime, while Fairbanks was the third-worst for property crime. Anchorage also had the highest rate of rape among all metro areas in the country, and Fairbanks has the nation's highest rate of larceny theft.