Home price forecast (1 year):* 4.2%
Fairbanks is a boom and bust city at the end of the road in America's Last Frontier. The economy often depends on government -- especially military contracts -- and the volatile oil industry. But the area's unemployment rate has remained a bit lower than the national average, 8.3% in December. And wages tend to be high -- as are living expenses.
The city has a rapidly expanding population putting housing in short supply and contributing to projections of accelerating home prices over the next couple of years.
Is this a good time to buy a home in Fairbanks?