Cities with the fastest-growing home prices in the Fairbanks metro area Stacker Fairbanks, AK News Stacker - 1-year price change: -$18,765 (-9.1%)- 5-year price change: $-15,098 (-7.5%)- Typical home value: $186,626 (#3 most expensive city in metro) #3. Salcha, AK No Automated Backlink Off Stacker - 1-year price change: -$8,508 (-2.9%)- 5-year price change: +$12,243 (+4.5%)- Typical home value: $285,515 (#2 most expensive city in metro) #2. Fairbanks, AK No Automated Backlink Off Stacker - 1-year price change: -$7,004 (-2.2%)- 5-year price change: +$16,933 (+5.7%)- Typical home value: $315,254 (#1 most expensive city in metro) #1. North Pole, AK No Automated Backlink Off ungvar // Shutterstock