Special Interest
Housing in Fairbanks North Star Borough
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Fairbanks North Star Borough averages $1,459/month for a 2‑bedroom in 2024, compared to the Alaska median of $1,419 and the national median of $1,413. Local renters spend approximately 27% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Fairbanks North Star Borough FMR Area are $1,221 for a studio, $1,350 for 1‑bedroom, $1,771 for 2‑bedroom, $2,463 for 3‑bedroom, and $2,971 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $312 increase for a 2-bedroom in Fairbanks North Star Borough shows a 21% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Fairbanks North Star Borough was 4.0% in 2024, compared to Alaska at 4.6% and the national rate of 4.0%.
