Fairbanks, AK

Population: 32,324
Average annual home appreciation rate: -0.43%
Total of homes for sale in this market: 561
Median home price: $197,027
Median Rent: $1,533
Home price range: 44.89% of homes are between $101,001 – $202,000
Median sales price: $225,000
Number of homes: 249
Median foreclosure sales price: Still Gathering Data
Foreclosure discount: Still Gathering Data
Most common home type: 32.05% of homes are Single Family Detached
Number of vacant homes: 12.83%
Number of renters: 65.40%
Number of owner occupied: 34.60%
Number people living below poverty level: 12.79%
Unemployment rate: 7.0%
Is this area perfect for real estate deals going on right now? Based on the fact that there are many more renters than owners in Fairbanks, and that the average cost of a home is lower, and that the rents are higher, and that there are many zombie/vacant properties available on the market, it could be a perfect storm for buy and hold investors.

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