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Chena Ridge, AK Home Values and Rents
The median home value in Chena Ridge is $395,500, 12th highest of 67 cities and towns in Alaska. Median rent is $1,110 a month.
- Median home value
- $395,500
- 12th of 67 in AK
- Median rent
- $1,110/mo
- ACS 2020-2024
- Price change, 1 year
- +5.0%
- County index, 2025
- Homeownership
- 75.7%
- AK: 66.8%
Fairbanks North Star Borough home price trend
FHFA annual House Price Index for Fairbanks North Star Borough, 2000 = 100, compared with Alaska
Show as a table
| Period | Fairbanks North Star Borough |
|---|---|
| 2025 | 230 |
| 2024 | 219 |
| 2023 | 212 |
| 2022 | 201 |
| 2021 | 182 |
| 2020 | 169 |
| 2019 | 164 |
| 2018 | 162 |
| 2017 | 158 |
| 2016 | 152 |
| 2015 | 149 |
| 2014 | 146 |
| 2013 | 148 |
| 2012 | 145 |
| 2011 | 146 |
Beta
Over five years, Fairbanks North Star Borough prices changed +35.8%, compared with +37.3% for Alaska.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Fairbanks-College, AK MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,081 | -6.5% |
| 1 bedroom | $1,187 | -7.0% |
| 2 bedrooms | $1,553 | -7.3% |
| 3 bedrooms | $2,150 | -7.8% |
| 4 bedrooms | $2,596 | -7.7% |
Frequently asked questions
- What is the median home value in Chena Ridge, AK?
- The median home value in Chena Ridge is $395,500, based on the American Community Survey 2020-2024 5-year estimates. The Alaska median is $352,900.
- How much is rent in Chena Ridge?
- The median rent in Chena Ridge is $1,110 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,553.
- Are home prices going up in Chena Ridge?
- Home prices in Fairbanks North Star Borough changed +5.0% over one year and +35.8% over five years, as of 2025.
- How does Chena Ridge compare with the rest of Alaska?
- Chena Ridge has the 12th highest median home value of 67 cities and towns with 1,000+ residents in Alaska.