HomeAlaskaFairbanks North Star Borough
Fairbanks North Star Borough, Alaska: commercial real estate data.
Fairbanks North Star Borough, Alaska has a population of 95,460 across 7,338 square miles, down 0.8 percent since the 2020 census base. County output reached $7.89 bn in 2024, 2,576 establishments operate here, and the SBA record carries 79 7(a) approvals worth $47.5 m.
120 sourced county values · tier FULL · 11 sections
Fairbanks North Star Borough
How many people live in Fairbanks North Star Borough
- Population95,460
- Households36,359
- Average household size2.63
- Median household income$88,267
- Median age32.5
- Median gross rent$1,459 per month
- Median owner-occupied home value$298,200
- Home value to household income3.4 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher33.1 percent
- Adults 25 and over with a graduate degree12.9 percent
- Adults 25 and over61,502
- Population under 1822,625
- Share under 1823.7 percent
- Population 65 and over12,160
- Share 65 and over12.7 percent
- Working age population, 18 to 6460,675
- Civilian labor force42,757
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over58.7 percent
- Rank by population among Alaska boroughs3rd of 30
- Rank by population among US county-equivalents647th
Fairbanks North Star Borough is the 3rd largest of 30 Alaska boroughs by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.7 percent against 12.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Fairbanks North Star Borough
Is Fairbanks North Star Borough growing
- Population change since the 2020 census base-0.75 percent
- Census 2020 base population95,667
- Births, 20241,375
- Deaths, 2024616
- Natural change, 2024759
- Net domestic migration, 2024-1,849
- Net international migration, 2024353
- Total net migration, 2024-1,496
- Cumulative net domestic migration, 2021 to 2024-4,427
- Rank by growth among US county-equivalents2105th
The county has lost 0.75 percent of its population since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Fairbanks North Star Borough
Where people moving to Fairbanks North Star Borough come from
- Tax returns filed by households arriving3,762
- People arriving, from those returns7,258
- Adjusted gross income arriving$220.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$58,653
- Largest single originFairbanks North Star Borough Non-migrants (34,558 households)
- Largest single destination (34,558 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Fairbanks North Star Borough Non-migrants | 34,558 | 68,704 | $3.19 bn |
| Other flows - Different State | 2,254 | 4,172 | $125.7 m |
| Other flows - South | 942 | 1,844 | $51.0 m |
| Other flows - West | 634 | 1,124 | $38.2 m |
| Other flows - Midwest | 461 | 851 | $24.4 m |
| Other flows - Northeast | 217 | 353 | $12.0 m |
| Anchorage Municipality | 182 | 298 | $18.7 m |
| Other flows - Same State | 132 | 248 | $8.0 m |
The largest single source of arrivals is Fairbanks North Star Borough Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Fairbanks North Star Borough
What the Fairbanks North Star Borough economy runs on
- County GDP, 2024$7.89 bn
- County GDP, 2023$7.20 bn
- GDP change, 2023 to 20249.5 percent
- GDP change over five years34.3 percent
- Rank by GDP among Alaska boroughs3rd
- Rank by GDP among US county-equivalents530th
- GDP per resident$82,666
Output grew 9.5 percent in the latest year and 34.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Fairbanks North Star Borough
Who employs people in Fairbanks North Star Borough
- Covered employment, annual average37,015
- Establishments reporting2,441
- Average annual pay$69,700
- Average weekly wage$1,340
- Sector 62, employment5,403
- Sector 62, average annual pay$76,996
- Sector 44-45, employment4,581
- Sector 44-45, average annual pay$44,032
- Sector 72, employment3,866
- Sector 72, average annual pay$31,662
- Sector 23, employment2,884
- Sector 23, average annual pay$112,504
- Sector 48-49, employment2,023
- Sector 54, employment1,212
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 5,403 | 252 | $76,996 |
| Sector 44-45 | 4,581 | 257 | $44,032 |
| Sector 72 | 3,866 | 224 | $31,662 |
| Sector 23 | 2,884 | 317 | $112,504 |
| Sector 48-49 | 2,023 | 110 | $76,526 |
| Sector 54 | 1,212 | 266 | $76,170 |
| Sector 81 | 1,184 | 217 | $60,126 |
| Sector 56 | 1,102 | 170 | $64,481 |
The largest sector is the biggest private employer group at 5,403 jobs, 14.6 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Fairbanks North Star Borough
What businesses operate in Fairbanks North Star Borough
- Establishments, all industries2,576
- Employment at those establishments26,009
- Annual payroll$1.70 bn
- Establishments per 1,000 residents27.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Fairbanks North Star Borough
What is being built in Fairbanks North Star Borough
- Housing units authorised by permit, 202418
- Declared construction value permitted$5.8 m
- Single family units authorised6
- Multifamily units authorised12
- Multifamily share of units66.7 percent
- Average declared value per unit$320,862
- Units authorised per 1,000 households0.5
Multifamily is 66.7 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Fairbanks North Star Borough
How much SBA lending happens in Fairbanks North Star Borough
- 7(a) approvals recorded79
- 7(a) gross approval dollars$47.5 m
- Average 7(a) approval$601,229
- Median 7(a) approval$230,000
- 10th percentile approval$50,000
- 90th percentile approval$2,000,000
- Largest single approval$4,700,000
- Jobs reported supported, 7(a)643
- Jobs per approval8.1
- Distinct 7(a) lenders active19
- Distinct industries receiving approvals45
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.7 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter66
- Franchise loans2
- Franchise share of approvals2.5 percent
- Leading industry by approval countLandscaping Services (7)
- Most active lenderNorthrim Bank (35)
- 504 approvals recorded24
- 504 gross approval dollars$20.5 m
- Average 504 approval$854,667
- Median 504 approval$406,000
- Distinct CDCs active1
- 504 jobs per approval9.2
- 504 jobs per million dollars approved10.7
- Most active CDCEvergreen Business Capital (24)
- 7(a) share of SBA approvals76.7 percent
- Combined SBA approval dollars$68.0 m
The average approval of $601,229 sits well above the median of $230,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 12.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Fairbanks North Star Borough
Do SBA loans in Fairbanks North Star Borough get paid back
- Loans with a final outcome recorded15
- Paid in full15
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure41
- Status: Paid in full15
- Status: Cancelled19
- Status: Committed, not yet disbursed4
Of the 15 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fairbanks North Star Borough
Which parts of Fairbanks North Star Borough get the lending
- Places in the county with recorded lending4
- Fairbanks, approvals59
- North Pole, approvals18
- Anchorage, approvals1
- FORT WAINWRIGHT, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Fairbanks | 59 | $38,920,200 |
| North Pole | 18 | $8,326,900 |
| Anchorage | 1 | $50,000 |
| FORT WAINWRIGHT | 1 | $200,000 |
Fairbanks accounts for 59 approvals against 18 in North Pole. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fairbanks North Star Borough
How big is Fairbanks North Star Borough
- Land area7,338 sq mi
- Rank by land area among Alaska boroughs17th of 30
- Width, east to west140 mi
- Height, north to south82.6 mi
- Geographies sharing a boundary3
- Residents per square mile of land13
- Establishments per square mile0.35
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Computed from shared land boundary. Geographies separated by water are not counted, so this understates the true neighbour set in this state.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Fairbanks North Star Borough site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Fairbanks North Star Borough site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population95,460
- Households36,359
- Average household size2.63
- Median household income$88,267
- Median age32.5
Common questions
Fairbanks North Star Borough questions, answered from the record.
How many people live in Fairbanks North Star Borough, Alaska?
95,460, in 36,359 households, ranking 3rd of 30 Alaska counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Fairbanks North Star Borough growing?
The population has fallen 0.75 percent since the 2020 census base. In 2024 there were 1,375 births against 616 deaths, with net migration of -1,496. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Fairbanks North Star Borough?
$88,267. The median owner-occupied home is valued at $298,200, which is 3.4 times income, and median gross rent is $1,459 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Fairbanks North Star Borough?
2,576 establishments, employing 26,009 people with an annual payroll of $1.70 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Fairbanks North Star Borough?
Average annual pay is $69,700, or $1,340 a week, across 37,015 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Fairbanks North Star Borough?
79 7(a) approvals totalling $47.5 m since FY2020, across 19 lenders, with a median approval of $230,000, plus 24 504 approvals worth $20.5 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Fairbanks North Star Borough get paid back?
Of the 15 loans that have reached a final outcome, 15 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Fairbanks North Star Borough?
18 housing units were authorised by permit in 2024, with a declared construction value of $5.8 m. Multifamily was 66.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Fairbanks North Star Borough?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Fairbanks North Star Borough come from?
The largest single origin is Fairbanks North Star Borough Non-migrants, with 34,558 households. Arriving households report an average income of $58,653 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Fairbanks North Star Borough on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Fairbanks North Star Borough?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
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