A Quick Look at Living Conditions in Fairbanks

Home in FairbanksThere is a bit of uncertainty over the real estate market in Fairbanks. Buyers and sellers are not sure if this is a good time to contact a realtor and do business. Here is a quick look at the housing situation in Fairbanks, the second biggest city of Alaska.

Price

The housing market in Alaska is generally good. There are not a lot of new homes going up, which keeps demand high. Some properties stay on the list longer, though. Realtors say that properties at less than $500,000 usually sell in about two months. This is good news for sellers and buyers interested in Fairbanks, where the average house price is about $250,000. If you are planning to move to Alaska, Hedgecock Group Real Estate recommends Fairbanks to be a good option.

Employment

Fairbanks is about 12 hours away from Anchorage. If you work in Anchorage, it may not be a good idea to buy a home in Fairbanks. Nonetheless, people that want to live closer to nature have more than enough jobs available in Fairbanks. Among the biggest employers in the city are the University of Alaska, Wal-Mart, and the state and federal government.

Features

Fairbanks is a great place to raise a family. The population is relatively young, with the median age of 27. Summers are dry and sunny, and winters are not extremely cold. There are many opportunities for year-round activities in sports, recreation, and child development. The best schools in the state are in Fairbanks, and there are many programs geared for the benefit of children. The community hospital and many clinics in the city cater to the health needs of the residents. There are several nursing homes, as well.

If you are looking for a good place to stay in Alaska, ask your realtor about Fairbanks. Affordable housing is among its charms. You can get the best deals if you deal with a Fairbanks realtor, as they will have the best listings.