Metro area index
Home appreciation in the Fairbanks-College, AK metro area
FHFA HPI® data shows the Fairbanks-College, AK metro area's all-transactions index changed +2.8% over the year to Q2 2026, versus +3.9% for Alaska and +3.0% for the U.S. That ranks 235th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.8%
- 5-year change
- +32.5%
- Since Q1 1995
- +195%
- Metro rank (1 year)
- 235th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Fairbanks-College, AK vs Alaska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Fairbanks-College, AK: 295.4
- Alaska: 339.5
- United States: 391.6
Appreciation by time window
| Window | Metro | AK | U.S. | Gap vs AK | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.8% | +3.9% | +3.0% | −1.1 pts | −0.2 pts |
| 3 years | +14.3% | +14.2% | +12.9% | +0.2 pts | +1.5 pts |
| 5 years | +32.5% | +37.0% | +41.3% | −4.5 pts | −8.8 pts |
| 10 years | +56.8% | +58.0% | +93.3% | −1.2 pts | −36.5 pts |
| Since Q1 1995 | +195% | +239% | +292% | −44.0 pts | −96.1 pts |
3-digit ZIP regions in the Fairbanks-College, AK area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 997 · Fairbanks, AK area | AK | +2.8% | +32.5% | +195% | 73% |
Boom, bust, and recovery in Fairbanks-College, AK area
Fairbanks-College, AK area's index peaked in Q1 2008, fell 4.4% to its low in Q1 2010, and regained its peak in Q1 2013, about 5 years after the top. Today it sits +63.6% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q1 2010 | -4.4% | Q1 2013 (5 yrs) | +63.6% |
| AK | Q2 2007 | Q1 2010 | -2.7% | Q4 2012 (5.5 yrs) | +73.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Fairbanks-College, AK area's index has changed +33.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | AK after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.0% | +0.0% | -0.8% |
| 3 years | +9.8% | +4.1% | +4.0% | +2.8% |
| 5 years | +24.0% | +6.8% | +10.5% | +13.9% |
| 10 years | +39.1% | +12.7% | +13.6% | +39.0% |
| Since Q1 1995 | +121% | +33.4% | +53.3% | +76.8% |
If you bought in the Fairbanks-College, AK area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +192% | $875,724 |
| Q2 2000 | +154% | $762,885 |
| Q2 2005 | +86.3% | $558,910 |
| Q2 2010 | +65.9% | $497,625 |
| Q2 2015 | +61.0% | $482,982 |
| Q2 2020 | +41.8% | $425,502 |
| Q2 2021 | +32.5% | $397,489 |
| Q2 2023 | +14.3% | $342,950 |
| Q2 2025 | +2.8% | $308,457 |
Frequently asked questions
- How much have home prices risen in the Fairbanks-College, AK area?
- FHFA HPI® data for the Fairbanks-College, AK metro area shows changes of +2.8% over one year, +32.5% over five years, and +56.8% over ten years to Q2 2026, and +195% since Q1 1995.
- Is the Fairbanks-College, AK area beating the national average?
- Over the past year the metro's index moved −0.2 pts versus the U.S.; over five years the gap is −8.8 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.