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Affordable & Income-Based Housing in Fairbanks

Fairbanks has 19 affordable and income-based rental properties totaling 813 units across the city. With a median market rent of $1,496 per month (Census ACS 5-Year), these income-restricted options can offer meaningful savings for eligible renters. Most inspected properties here meet good or excellent standards, making Fairbanks a reasonably solid market for affordable housing seekers.

19
Properties
813
Total units
84/100
Avg HUD score

At a glance

🏠 Affordability
$1,496/mo

Affordability in Fairbanks

According to Census ACS 5-Year data (2024), the median gross rent in Fairbanks is $1,496 per month and the median household income is $73,534 annually. With 60% of residents renting their homes, affordable housing options play an important role in the local market.

Census ACS 5-Year
🛡️ Safety
726 / 100k · 2024

Safety

According to FBI Crime Data Explorer, the Fairbanks Police Department reported a violent crime rate of 726 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

FBI Crime Data Explorer
🚶 Getting around
Walk Score 17 · Car-Dependent

Getting Around Fairbanks

According to Walk Score, the area around assisted properties in Fairbanks scores 17 out of 100 (Car-Dependent) for walkability, 21 out of 100 (Minimal Transit) for transit, and 62 out of 100 for bikeability. Most daily errands will require a car, though biking is a more viable option than transit for those able to use it.

Walk Score
🎓 Schools
30 schools · 3 districts

Schools

According to the NCES Common Core of Data, 30 schools across 3 districts serve Fairbanks, including 15 elementary, 3 middle, 10 high schools, and 2 other schools. Ratings and quality vary by school and district, so renters should check the assigned schools for their specific address.

NCES Common Core of Data
📊 Cost of living
$73,534 median income

Cost of Renting in Fairbanks

The median household income in Fairbanks is $73,534 per year, according to Census ACS 5-Year data. The median market rent is $1,496 per month, also per Census ACS 5-Year estimates.

Affordable and income-based housing in Fairbanks can help renters whose costs would otherwise strain a significant share of that income. Lease Lantern lists 13 HUD-assisted or income-restricted properties in the city, covering 447 units across programs such as Section 8 and LIHTC.

  • Median household income: $73,534/year (Census ACS 5-Year)
  • Median market rent: $1,496/month (Census ACS 5-Year)
  • Share of households that rent: 60% (Census ACS 5-Year)
  • Income-restricted properties listed: 13 buildings, 447 units
Census ACS 5-Year
🌊 Environment & risk

Flood and Environmental Exposure

All 13 affordable housing properties in Fairbanks have been mapped for flood risk. Of those, 1 property sits in a high-risk flood zone, while the remaining 12 carry minimal flood exposure according to flood mapping data.

FEMA · EPA AirNow
HUD Inspection Scoresavg 84/100(13 of 19 scored)
90+ (4)70–89 (8)<60 (1)No score (6)

19 properties on the map

Top-rated properties

Browse all 19 affordable apartments in Fairbanks→

Other cities in AK

› Affordable housing in Anchorage› Bethel income-based apartments› Income-restricted rentals in Chugiak› Cordova affordable apartments› HUD & Section 8 housing in Eagle River› Affordable housing in Haines› Houston income-based apartments› Income-restricted rentals in Juneau› Kotzebue affordable apartments› HUD & Section 8 housing in New Stuyahok› Affordable housing in North Pole› Palmer income-based apartments

Your rights & resources

› How HUD & Section 8 housing works› Tenant rights in AK› Housing assistance & waitlists› Free legal aid (LawHelp)› Energy bill help (LIHEAP)

Read more

A Closer Look at Affordable Housing in Fairbanks

Fairbanks is a majority-renter city in interior Alaska, with 60 percent of households renting according to Census ACS 5-Year data. The median market rent sits at $1,496 per month, making the 447 HUD-assisted and income-based units across 13 properties an important resource for cost-conscious renters.

Most assisted properties here perform well: of the 13 scored buildings, 4 rated excellent and 8 rated good, with only 1 rated poor. Just 1 of the 13 mapped properties carries a high flood risk designation.

Getting around Fairbanks without a car is limited. According to Walk Score, the city rates 17 (Car-Dependent) for walkability and 21 (Minimal Transit) for public transit, though it scores 62 for bikeability. Prospective renters who rely on transit or walking should factor this into their search.

According to the FBI Crime Data Explorer, Fairbanks had a violent crime rate of 726 per 100,000 residents in 2024, reported by the Fairbanks Police Department. Renters are encouraged to visit neighborhoods in person and consult local resources when evaluating specific locations.

The city is served by 30 public schools across 3 districts, including 15 elementary, 3 middle, and 10 high schools, according to NCES Common Core of Data.

Eligibility & how to apply

Alaska income limits (2026)Alaska public housing authoritiesSection 8 waitlists in Alaska

Helpful guides

How Section 8 Vouchers WorkWhat Is Income-Based Housing?How to Apply for Affordable HousingSection 8 vs. LIHTCUnderstanding HUD Inspection ScoresHow Affordable Housing Waitlists Work
Research: what 22,600 HUD inspection scores reveal →