Why Live in Downtown Fairbanks
Downtown Fairbanks offers a mix of dining, shopping, and cultural experiences. Lavelle’s Bistro on Second Avenue is known for its upscale American entrees, while Bahn Thai and The Crepery provide diverse culinary options nearby. The Co-Op Plaza, featuring gift shops and the Fairbanks Community Museum, is a popular spot for tourists. The Fairbanks Ice Museum and Fairbanks Children’s Museum are within walking distance, adding to the list of things to do. The Co-op Market Grocery & Deli offers local produce and fish, with additional retail options available 2 miles north at Bentley Mall. Outdoor enthusiasts can enjoy the Chena River, popular for summer floating activities, and the Chena Riverwalk, which leads to Kiwanis Park and Growden Park, home to Gold Panner Baseball and a skate park. Pioneer Park, a historic village and amusement park, is also nearby. The neighborhood is highly walkable and bikeable, though most residents use cars due to harsh winter conditions. Homes in Downtown Fairbanks vary widely in style and age, from early 1900s Cape Cods to postwar ranches, with no HOA regulations. Barnette Magnet School, serving pre-kindergarten through eighth grade, is highly rated, offering unique electives through its Exploration program. The area is safer than the national average, and Fairbanks International Airport is about 4 miles west. Annual events like the Midnight Sun Festival and Golden Days celebrate local culture and history, drawing large crowds each summer.
Frequently Asked Questions
Is Downtown Fairbanks a good place to live?
Downtown Fairbanks is a good place to live. Downtown Fairbanks is considered fairly walkable and very bikeable with some transit options. Downtown Fairbanks has 5 parks for recreational activities. It has a median age of 43. The average household income is $47,211 which is below the national average. College graduates make up 21.2% of residents. A majority of residents in Downtown Fairbanks are renters, with 74.2% of residents renting and 25.8% of residents owning their home. A
local real estate agent serving Downtown Fairbanks can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Fairbanks neighborhood guide.
Is Downtown Fairbanks, AK a safe neighborhood?
Downtown Fairbanks, AK is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Downtown Fairbanks?
The median home price in Downtown Fairbanks is $530,000. If you put a 20% down payment of $106,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,750 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $118K a year to afford the median home price in Downtown Fairbanks. The average household income in Downtown Fairbanks is $47K.
What are the best public schools in Downtown Fairbanks?
The best public schools that serve Downtown Fairbanks are:
- Fairbanks B.E.S.T. has a B+ Niche grade, a student teacher ratio of 801:1 and an average review score of 4.6.
- Lathrop High School has a B Niche grade, a student teacher ratio of 20:1 and an average review score of 3.7.
- Barnette Magnet School has a B Niche grade, a student teacher ratio of 17:1 and an average review score of 3.7.
What are the best private schools in Downtown Fairbanks?
The best private schools that serve Downtown Fairbanks are:
What are the most popular zip codes in Downtown Fairbanks, Fairbanks, AK?
What are the most popular neighborhoods near Downtown Fairbanks, Fairbanks, AK?
Home Trends in Downtown Fairbanks, AK
On average, homes in Downtown Fairbanks, Fairbanks sell after 6 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Fairbanks, Fairbanks over the last 12 months is $530,000, up 45% from the median home sale price over the previous 12 months.
Median Sale Price
$530,000
Median Single Family Sale Price
$530,000
Average Price Per Sq Ft
$200
Number of Homes for Sale
0
Last 12 months Home Sales
7
Median List Price
$530,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
45%