
Cities with the most expensive homes in the Fairbanks metro area
Cities with the most expensive homes in the Fairbanks metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $367,965 in July, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 21, the 30-year fixed mortgage rate sits at 6.58%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Fairbanks metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 3 cities and towns with data available were included in the list.

#3. Salcha, AK
- Typical home value: $204,273
- 1-year price change: -1.8%
- 5-year price change: +2.9%

#2. Fairbanks, AK
- Typical home value: $293,740
- 1-year price change: -1.2%
- 5-year price change: +8.4%

#1. North Pole, AK
- Typical home value: $322,635
- 1-year price change: -1.6%
- 5-year price change: +8.9%