FAIRBANKS Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Fairbanks averaged 6.84% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.97% and one month ago for the week of 2023-02-09, the average rate was 6.26%.

    Fairbanks's average rate one year ago was 3.48%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.85%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Fairbanks 30 Year Fixed Rate 2023-03-16 6.84%
    Fairbanks 30 Year Fixed Rate Refi 2023-03-16 6.85%
    Fairbanks 15 Year Fixed Rate 2023-03-16 6.23%
    Fairbanks 15 Year Fixed Rate Refi 2023-03-16 6.19%
    Fairbanks 30 Year FHA 2023-03-16 6.04%
    Fairbanks 30 Year FHA Refi 2023-03-16 6.03%
    Fairbanks 30 Year USDA 2023-03-16 6.5%
    Fairbanks 30 Year USDA Refi 2023-03-16 6.05%
    Fairbanks 30 Year VA 2023-03-16 6.33%
    Fairbanks 30 Year VA Refi 2023-03-16 5.94%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FAIRBANKS, AK.

    FAIRBANKS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the FAIRBANKS, AK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Alaska USA Mortgage Company LLC 104 4.83% $4,031
    CALIBER HOME LOANS, INC. 42 4.38% $5,207
    RESIDENTIAL MORTGAGE, LLC 41 4.52% $5,757
    QUICKEN LOANS, LLC 39 5.07% $7,066
    UNITED WHOLESALE MORTGAGE, LLC 25 5.89% $4,715
    CORNERSTONE HOME LENDING, INC. 24 4.97% $5,653
    Wells Fargo Bank 22 4.43% $4,772
    CREDIT UNION 1 15 3.59% $4,287
    First National Bank Alaska 11 4.02% $5,173
    HOME POINT FINANCIAL CORPORATION 9 5.94% $6,677
    GUILD MORTGAGE COMPANY 8 5.11% $4,465
    LOANDEPOT.COM, LLC 8 5.20% $7,897
    KeyBank 7 5.19% $4,284
    NAVY FEDERAL CREDIT UNION 7 5.45% $10,451
    CRESCENT MORTGAGE COMPANY 7 5.64% $4,267
    CROSSCOUNTRY MORTGAGE, LLC 6 5.98% $4,380
    NuVision Federal Credit Union 6 3.56% $6,668
    AMERISAVE MORTGAGE CORPORATION 6 4.58% $11,479
    BETTER MORTGAGE CORPORATION 5 4.25% $5,127
    Bank of England 4 5.75% $7,194
    U.S. Bank 4 4.00% $3,181
    AMERICAN FINANCING CORPORATION 2 6.06% $9,328
    JPMorgan Chase Bank 2 5.06% $4,389
    Bank of America 2 4.44% $6,959
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.88% $4,087
    Alaska USA Federal Credit Union 2 4.94% $387
    USAA Federal Savings Bank 2 6.75% $5,605
    NEWREZ LLC 2 6.75% $8,768
    FREEDOM MORTGAGE CORPORATION 2 4.50% $7,244
    ZILLOW HOME LOANS, LLC 1 4.38% $8,916
    Ally Bank 1 5.00% $1,901
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.49% $5,566
    Armed Forces Bank 1 7.63% $13,917
    BROKER SOLUTIONS, INC. 1 4.85% $14,896
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.38% $4,486
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $5,676
    Citibank 1 5.25% $6,372
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.75% $4,214
    FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $2,324
    GUARANTEED RATE, INC. 1 2.99% $7,307
    MATANUSKA VALLEY FEDERAL CREDIT UNION 1 4.50% $2,302
    Mortgage Research Center, LLC 1 6.99% $3,877
    NBKC BANK 1 3.75% $3,033
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $4,189
    Paramount Bank 1 3.50% $2,109
    Paramount Residential Mortgage Group, Inc. 1 4.13% $3,772
    PENNYMAC LOAN SERVICES, LLC 1 4.00% $4,905
    PNC Bank 1 5.00% $5,181
    SIRVA MORTGAGE, INC. 1 6.88% $56
    Stifel Bank and Trust 1 4.13% $4,164
    Strong Home Mortgage, LLC 1 6.00% $12,503
    Titan Mortgage Capital, Inc. 1 3.50% $1,213
    Umpqua Bank 1 5.88% $9,611
    Willamette Valley Bank 1 5.50% $10,709
    ACADEMY MORTGAGE CORPORATION 1 4.75% $18,929

    FAIRBANKS Average Closing Costs & Other Stats

    FAIRBANKS, AK's 55 lenders originated 2,126 loans during 2022. The total origination value was $599,580,000, with an average loan value of $282,023.

    FAIRBANKS's average closing costs are $6,104.

    The top FAIRBANKS lender as defined by loan originations is Alaska USA Mortgage Company LLC, with 104 loans originated. Their average total fees are $4,031, which is $1,176 lower than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee FAIRBANKS lenders (with over 10 loans originated) are Alaska USA Mortgage Company LLC ($4,031), CREDIT UNION 1 ($4,287), UNITED WHOLESALE MORTGAGE, LLC ($4,715), Wells Fargo Bank ($4,772) and First National Bank Alaska ($5,173).

    The lowest rate FAIRBANKS lenders (with over 10 loans originated) are CREDIT UNION 1 (3.59%), First National Bank Alaska (4.02%), CALIBER HOME LOANS, INC. (4.38%), Wells Fargo Bank (4.43%) and RESIDENTIAL MORTGAGE, LLC (4.52%).

    FAIRBANKS, AK Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    CALIBER HOME LOANS, INC. $95,105,000 $64,780,000 -31.9% 10.8%
    Denali State Bank $74,495,000 $64,245,000 -13.8% 10.7%
    Alaska USA Mortgage Company LLC $103,565,000 $56,760,000 -45.2% 9.5%
    Mt. McKinley Bank $69,740,000 $46,810,000 -32.9% 7.8%
    Mortgage Research Center, LLC $41,045,000 $44,045,000 7.3% 7.3%
    RESIDENTIAL MORTGAGE, LLC $66,580,000 $43,950,000 -34.0% 7.3%
    UNITED WHOLESALE MORTGAGE, LLC $6,135,000 $33,610,000 447.8% 5.6%
    CORNERSTONE HOME LENDING, INC. $26,335,000 $24,615,000 -6.5% 4.1%
    QUICKEN LOANS, LLC $59,290,000 $24,460,000 -58.7% 4.1%
    HOME POINT FINANCIAL CORPORATION $1,180,000 $18,385,000 1,458.1% 3.1%
    CROSSCOUNTRY MORTGAGE, LLC $2,875,000 $17,590,000 511.8% 2.9%
    NuVision Federal Credit Union $5,010,000 $14,020,000 179.8% 2.3%
    USAA Federal Savings Bank $17,680,000 $12,135,000 -31.4% 2.0%
    NAVY FEDERAL CREDIT UNION $7,125,000 $11,375,000 59.6% 1.9%
    GUILD MORTGAGE COMPANY $32,275,000 $10,500,000 -67.5% 1.8%
    SPIRIT OF ALASKA $14,095,000 $10,050,000 -28.7% 1.7%
    Wells Fargo Bank $19,705,000 $9,345,000 -52.6% 1.6%
    First National Bank Alaska $6,905,000 $9,105,000 31.9% 1.5%
    AMERISAVE MORTGAGE CORPORATION $7,400,000 $5,645,000 -23.7% 0.9%
    Alaska USA Federal Credit Union $105,860,000 $5,440,000 -94.9% 0.9%
    LOANDEPOT.COM, LLC $12,065,000 $5,285,000 -56.2% 0.9%
    FREEDOM MORTGAGE CORPORATION $18,655,000 $4,300,000 -76.9% 0.7%
    CREDIT UNION 1 $3,760,000 $3,920,000 4.3% 0.7%
    KeyBank $6,995,000 $3,620,000 -48.2% 0.6%
    PENNYMAC LOAN SERVICES, LLC $7,555,000 $3,315,000 -56.1% 0.6%
    GUARANTEED RATE, INC. $4,470,000 $3,050,000 -31.8% 0.5%
    ACADEMY MORTGAGE CORPORATION $3,860,000 $3,030,000 -21.5% 0.5%
    CRESCENT MORTGAGE COMPANY $7,760,000 $2,555,000 -67.1% 0.4%
    Bank of England $715,000 $2,400,000 235.7% 0.4%
    The Federal Savings Bank $6,335,000 $2,200,000 -65.3% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $6,335,000 $2,110,000 -66.7% 0.4%
    BETTER MORTGAGE CORPORATION $1,470,000 $1,975,000 34.4% 0.3%
    BROKER SOLUTIONS, INC. $5,335,000 $1,725,000 -67.7% 0.3%
    U.S. Bank $460,000 $1,660,000 260.9% 0.3%
    NEWREZ LLC $1,545,000 n/a 0.3%
    PENTAGON FEDERAL CREDIT UNION $860,000 $1,540,000 79.1% 0.3%
    NBKC BANK $2,115,000 $1,525,000 -27.9% 0.3%
    NEW DAY FINANCIAL, LLC $1,505,000 $1,375,000 -8.6% 0.2%
    Bank of America $1,355,000 $1,350,000 -0.4% 0.2%
    Flagstar Bank, FSB $810,000 $1,320,000 63.0% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,275,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,800,000 $1,210,000 -56.8% 0.2%
    AMERICAN FINANCING CORPORATION $2,325,000 $965,000 -58.5% 0.2%
    AMCAP MORTGAGE, LTD. $940,000 $875,000 -6.9% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $670,000 $830,000 23.9% 0.1%
    CHURCHILL MORTGAGE CORPORATION $2,090,000 $815,000 -61.0% 0.1%
    North American Savings Bank, F.S.B. $3,155,000 $780,000 -75.3% 0.1%
    MOVEMENT MORTGAGE, LLC $540,000 $735,000 36.1% 0.1%
    MID AMERICA MORTGAGE, INC. $1,260,000 $670,000 -46.8% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $660,000 n/a 0.1%
    JPMorgan Chase Bank $1,250,000 $635,000 -49.2% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $3,280,000 $570,000 -82.6% 0.1%
    ZILLOW HOME LOANS, LLC $225,000 $560,000 148.9% 0.1%
    IMPAC MORTGAGE CORP. $535,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $1,790,000 $500,000 -72.1% 0.1%
    Strong Home Mortgage, LLC $380,000 $480,000 26.3% 0.1%
    Stifel Bank and Trust $455,000 n/a 0.1%
    Paramount Bank $10,535,000 $450,000 -95.7% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $400,000 $445,000 11.3% 0.1%
    Capital Bank $425,000 n/a 0.1%
    Ally Bank $410,000 n/a 0.1%
    AMWEST FUNDING CORP. $405,000 n/a 0.1%
    CMG MORTGAGE, INC. $405,000 n/a 0.1%
    MATANUSKA VALLEY FEDERAL CREDIT UNION $400,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $365,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $900,000 $360,000 -60.0% 0.1%
    GUARANTEED RATE AFFINITY, LLC $205,000 $355,000 73.2% 0.1%
    Paramount Residential Mortgage Group, Inc. $365,000 $345,000 -5.5% 0.1%
    Armed Forces Bank $325,000 n/a 0.1%
    Carrington Mortgage Services, LLC $755,000 $325,000 -57.0% 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $315,000 n/a 0.1%
    The Central Trust Bank $315,000 n/a 0.1%
    TRISTAR FINANCE, INC. $315,000 n/a 0.1%
    Umpqua Bank $305,000 n/a 0.1%
    Discover Bank $235,000 $300,000 27.7% 0.1%
    Hometown Lenders, Inc. $295,000 n/a 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 $285,000 26.7% 0.0%
    Community First National Bank $285,000 n/a 0.0%
    Willamette Valley Bank $285,000 n/a 0.0%
    SIRVA MORTGAGE, INC. $275,000 n/a 0.0%
    Magnolia Bank $325,000 $255,000 -21.5% 0.0%
    Citibank $245,000 n/a 0.0%
    NP, Inc. $235,000 n/a 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $540,000 $225,000 -58.3% 0.0%
    Figure Lending LLC $130,000 $205,000 57.7% 0.0%
    PNC Bank $175,000 n/a 0.0%
    TEMPLE VIEW CAPITAL FUNDING, LP $175,000 n/a 0.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $205,000 $165,000 -19.5% 0.0%
    Titan Mortgage Capital, Inc. $165,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,535,000 $155,000 -93.9% 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $95,000 n/a 0.0%
    PHH Mortgage Corporation $95,000 n/a 0.0%
    WESTERN VISTA $85,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $55,000 n/a 0.0%
    THRIVENT Federal Credit Union $45,000 n/a 0.0%

    FAIRBANKS's top lender by overall market share is CALIBER HOME LOANS, INC., with 10.8% market share. In second place, with 10.7%, is Denali State Bank, having originated $64,245,000 in loans. In third place, with 9.5%, is Alaska USA Mortgage Company LLC, having originated $56,760,000 in loans. In fourth place, with 7.8%, is Mt. McKinley Bank, having originated $46,810,000 in loans. In fifth place, with 7.3%, is Mortgage Research Center, LLC, having originated $44,045,000 in loans.

    FAIRBANKS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - FAIRBANKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $199,700 (-0.1%) $205,517 (0.2%) 0.00 248
    2018-02-01 $199,325 (2.4%) $202,787 (-0.9%) 0.00 248
    2018-03-01 $209,900 (5.0%) $217,496 (1.6%) 0.00 299
    2018-04-01 $215,750 (7.9%) $228,742 (7.3%) 0.00 317
    2018-05-01 $218,175 (9.1%) $230,501 (9.1%) 0.00 332
    2018-06-01 $220,000 (8.9%) $233,479 (9.3%) 0.00 404
    2018-07-01 $234,200 (11.6%) $237,152 (9.1%) 0.00 473
    2018-08-01 $229,938 (8.6%) $236,458 (8.2%) 0.00 514
    2018-09-01 $229,900 (9.5%) $231,799 (5.9%) 0.00 489
    2018-10-01 $223,850 (9.2%) $225,466 (6.9%) 0.00 451
    2018-11-01 $222,450 (11.4%) $225,133 (10.0%) 0.00 404
    2018-12-01 $219,900 (11.1%) $225,804 (9.8%) 0.00 354
    2019-01-01 $214,900 (7.6%) $221,481 (7.8%) 0.00 301
    2019-02-01 $223,125 (11.9%) $225,758 (11.3%) 0.00 296
    2019-03-01 $226,071 (7.7%) $227,912 (4.8%) 0.00 323
    2019-04-01 $224,950 (4.3%) $229,335 (0.3%) 0.00 358
    2019-05-01 $224,938 (3.1%) $235,787 (2.3%) 0.00 400
    2019-06-01 $231,451 (5.2%) $242,717 (4.0%) 0.00 450
    2019-07-01 $232,700 (-0.6%) $246,377 (3.9%) 0.00 443
    2019-08-01 $230,809 (0.4%) $239,571 (1.3%) 0.00 427
    2019-09-01 $224,673 (-2.3%) $232,896 (0.5%) 0.00 404
    2019-10-01 $219,950 (-1.7%) $228,446 (1.3%) 0.00 380
    2019-11-01 $219,900 (-1.2%) $229,628 (2.0%) 0.00 297
    2019-12-01 $214,925 (-2.3%) $220,209 (-2.5%) 0.00 242
    2020-01-01 $215,000 (0.1%) $224,051 (1.2%) 0.00 206
    2020-02-01 $215,000 (-3.6%) $226,728 (0.4%) 0.00 211
    2020-03-01 $222,400 (-1.6%) $235,202 (3.2%) 0.00 248
    2020-04-01 $227,500 (1.1%) $239,343 (4.4%) 0.00 256
    2020-05-01 $231,500 (2.9%) $245,753 (4.2%) 0.00 270
    2020-06-01 $231,000 (-0.2%) $245,615 (1.2%) 0.00 278
    2020-07-01 $230,000 (-1.2%) $245,285 (-0.4%) 0.00 289
    2020-08-01 $251,000 (8.8%) $260,659 (8.8%) 0.00 275
    2020-09-01 $226,225 (0.7%) $239,836 (3.0%) 0.00 224
    2020-10-01 $214,950 (-2.3%) $235,425 (3.1%) 0.00 210
    2020-11-01 $202,428 (-8.0%) $231,298 (0.7%) 0.00 193
    2020-12-01 $203,625 (-5.3%) $234,055 (6.3%) 0.00 151
    2021-01-01 $212,400 (-1.2%) $240,286 (7.3%) 0.00 119
    2021-02-01 $203,725 (-5.2%) $238,577 (5.2%) 0.00 109
    2021-03-01 $222,200 (-0.1%) $247,277 (5.1%) 0.00 103
    2021-04-01 $245,475 (7.9%) $271,699 (13.5%) 0.00 105
    2021-05-01 $249,900 (8.0%) $281,224 (14.4%) 0.00 112
    2021-06-01 $249,950 (8.2%) $288,403 (17.4%) 0.00 153
    2021-07-01 $242,450 (5.4%) $268,265 (9.4%) 0.00 196
    2021-08-01 $249,900 (-0.4%) $280,543 (7.6%) 0.00 245
    2021-09-01 $249,975 (10.5%) $280,729 (17.1%) 0.00 227
    2021-10-01 $245,000 (14.0%) $278,522 (18.3%) 0.00 194
    2021-11-01 $241,900 (19.5%) $287,122 (24.1%) 0.00 144
    2021-12-01 $262,700 (29.0%) $306,412 (30.9%) 0.00 106
    2022-01-01 $249,450 (17.4%) $307,535 (28.0%) 0.00 83
    2022-02-01 $251,450 (23.4%) $325,818 (36.6%) 0.00 76
    2022-03-01 $300,000 (35.0%) $346,599 (40.2%) 0.00 85
    2022-04-01 $329,950 (34.4%) $359,275 (32.2%) 0.00 96
    2022-05-01 $339,700 (35.9%) $362,638 (29.0%) 0.00 117
    2022-06-01 $339,900 (36.0%) $355,100 (23.1%) 0.00 185
    2022-07-01 $339,900 (40.2%) $346,140 (29.0%) 0.00 279
    2022-08-01 $339,900 (36.0%) $347,081 (23.7%) 0.00 286
    2022-09-01 $342,450 (37.0%) $347,130 (23.7%) 0.00 263
    2022-10-01 $329,450 (34.5%) $341,346 (22.6%) 0.00 236
    2022-11-01 $328,450 (35.8%) $345,690 (20.4%) 0.00 203
    2022-12-01 $325,000 (23.7%) $341,510 (11.5%) 0.00 178
    2023-01-01 $315,750 (26.6%) $331,543 (7.8%) 0.00 144
    2023-02-01 $324,700 (29.1%) $338,502 (3.9%) 0.00 128
    FAIRBANKS's median listing price for 2023-02-01 was $324,700, a difference of $73,250 (29.1%) versus the prior year and $8,950 versus the prior month.

    FAIRBANKS's median listing price comes in at 0% of the national average.

    FAIRBANKS's average listing price for 2023-02-01 was $338,502, a difference of $12,684 (3.9%) versus the prior year and $6,959 versus the prior month.

    For the 2023-02-01 period, FAIRBANKS had 128 MLS listings, a difference of -16 listings (-11%) versus the prior month and 52 listings (68%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - FAIRBANKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,560 sqft
    2018-02-01 0 days 1,555 sqft
    2018-03-01 0 days 1,568 sqft
    2018-04-01 0 days 1,600 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,608 sqft
    2018-07-01 0 days 1,695 sqft
    2018-08-01 0 days 1,675 sqft
    2018-09-01 0 days 1,664 sqft
    2018-10-01 0 days 1,606 sqft
    2018-11-01 0 days 1,605 sqft
    2018-12-01 0 days 1,604 sqft
    2019-01-01 0 days 1,600 sqft
    2019-02-01 0 days 1,607 sqft
    2019-03-01 0 days 1,575 sqft
    2019-04-01 0 days 1,553 sqft
    2019-05-01 0 days 1,603 sqft
    2019-06-01 0 days 1,689 sqft
    2019-07-01 0 days 1,759 sqft
    2019-08-01 0 days 1,745 sqft
    2019-09-01 0 days 1,700 sqft
    2019-10-01 0 days 1,648 sqft
    2019-11-01 0 days 1,588 sqft
    2019-12-01 0 days 1,578 sqft
    2020-01-01 0 days 1,576 sqft
    2020-02-01 0 days 1,511 sqft
    2020-03-01 0 days 1,606 sqft
    2020-04-01 0 days 1,611 sqft
    2020-05-01 0 days 1,627 sqft
    2020-06-01 0 days 1,554 sqft
    2020-07-01 0 days 1,565 sqft
    2020-08-01 0 days 1,742 sqft
    2020-09-01 0 days 1,728 sqft
    2020-10-01 0 days 1,667 sqft
    2020-11-01 0 days 1,572 sqft
    2020-12-01 0 days 1,595 sqft
    2021-01-01 0 days 1,546 sqft
    2021-02-01 0 days 1,449 sqft
    2021-03-01 0 days 1,508 sqft
    2021-04-01 0 days 1,573 sqft
    2021-05-01 0 days 1,600 sqft
    2021-06-01 0 days 1,584 sqft
    2021-07-01 0 days 1,482 sqft
    2021-08-01 0 days 1,540 sqft
    2021-09-01 0 days 1,603 sqft
    2021-10-01 0 days 1,557 sqft
    2021-11-01 0 days 1,629 sqft
    2021-12-01 0 days 1,738 sqft
    2022-01-01 0 days 1,647 sqft
    2022-02-01 0 days 1,558 sqft
    2022-03-01 0 days 1,808 sqft
    2022-04-01 0 days 1,787 sqft
    2022-05-01 0 days 1,775 sqft
    2022-06-01 0 days 1,740 sqft
    2022-07-01 0 days 1,824 sqft
    2022-08-01 0 days 1,858 sqft
    2022-09-01 0 days 1,831 sqft
    2022-10-01 0 days 1,808 sqft
    2022-11-01 0 days 1,805 sqft
    2022-12-01 0 days 1,824 sqft
    2023-01-01 0 days 1,792 sqft
    2023-02-01 0 days 1,820 sqft
    FAIRBANKS's median listing age (time on market) for 2023-02-01 was 0 days.

    FAIRBANKS's median square footage for active listings during the 2023-02-01 period was 1,820 sqft. One year prior, the average listing was 1,558 sqft.

    FAIRBANKS, AK Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    99701 Fairbanks, AK $780 $890 $1,180 $1,680 $2,030
    99702 Fairbanks, AK $1,320 $1,500 $1,980 $2,810 $3,390
    99703 Fairbanks, AK $1,320 $1,500 $1,980 $2,810 $3,390
    99705 Fairbanks, AK $880 $1,010 $1,330 $1,890 $2,280
    99706 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99707 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99708 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99709 Fairbanks, AK $810 $930 $1,220 $1,730 $2,090
    99712 Fairbanks, AK $780 $890 $1,180 $1,680 $2,030
    99714 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99725 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99760 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260
    99775 Fairbanks, AK $780 $890 $1,180 $1,680 $2,030
    99790 Fairbanks, AK $880 $1,000 $1,320 $1,880 $2,260

    2022 Average & Median Rent Data Statistics
    FAIRBANKS, AK average 1BR rent: $1,044, median: $1,000
    FAIRBANKS, AK average 2BR rent: $1,378, median: $1,320
    FAIRBANKS, AK average 3BR rent: $1,960, median: $1,880

    FAIRBANKS, AK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,535 $480,445,000 $312,993
    Cash Out Refi 289 $65,575,000 $226,903
    Refi 181 $40,165,000 $221,906
    Other 86 $10,670,000 $124,070
    Home Improvement 35 $2,725,000 $77,857

    Fairbanks's most frequently cited loan purpose was Home Purchase, with 1,535 originations. The 2nd most popular reason was Cash Out Refi, with 289 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 432 $123,920,000 $286,852
    4-5% 411 $136,575,000 $332,299
    3-4% 357 $97,835,000 $274,048
    2.5-3% 186 $51,180,000 $275,161
    6-7% 149 $41,355,000 $277,550
    <2.5% 58 $13,700,000 $236,207
    7-8% 41 $12,725,000 $310,366
    Over 8% 13 $1,185,000 $91,154

    During 2022, Fairbanks's most frequently originated rate bucket was 5-6%, with 432 originations.

    Loan Sizing (FAIRBANKS, AK MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 1,243 $364,645,000 $293,359
    $100k-200k 429 $66,315,000 $154,580
    $400k-600k 268 $121,740,000 $454,254
    $100,000 or less 154 $9,730,000 $63,182
    $600k-1000k 23 $15,715,000 $683,261
    $Over $1MM 9 $21,435,000 $2,381,667

    FAIRBANKS's loan sizing saw the bucket of loans from $200k-400k with 1,243 originations, totaling $364,645,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 840 $265,570,000 $316,155
    60-80% 302 $81,770,000 $270,762
    Over 100% 302 $103,320,000 $342,119
    40-60% 94 $17,100,000 $181,915
    20-40% 54 $5,210,000 $96,481
    Under 20% 42 $1,900,000 $45,238

    FAIRBANKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 840 originations, totaling $265,570,000 in origination value.