Farmers Loop

In Fairbanks North Star Borough, Alaska.

Population: 4,887
Median household income: $103,635
Median home value: $262,600

Located in Fairbanks North Star Borough, Alaska, Farmers Loop is a community with a population of 4,887. The median household income of $103,635 is above the Fairbanks North Star Borough median ($84,722).

From 2019 to 2023, Farmers Loop's population declined 6.3% from 5,214 to 4,887, while its median home value fell 4.1% from $273,800 to $262,600.

Owners occupy 80.6% of the area's occupied homes. The median resident is 36.5 years old.

Demographics

ACS 2019–2023

Population: 4,887
Median age: 36.5 yrs
Median household income: $103,635
Median home value: $262,600
Median gross rent: $1,298
Housing units: 2,265
Homeownership rate: 80.6%
Bachelor's degree or higher: 27.3%
Unemployment rate: 3.0%

Trends

ACS 5-year · 2019–2023

Population

5,2144,887

Median household income

$80,536$103,635

Median home value

$273,800$262,600

Median gross rent

$899$1,298

Year	Population	Median household income	Median home value	Median gross rent
2019	5,214	$80,536	$273,800	$899
2020	5,089	$87,579	$287,300	$1,124
2021	4,216	$92,205	$296,900	$1,385
2022	4,179	$100,638	$289,800	$1,298
2023	4,887	$103,635	$262,600	$1,298

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.9%

5 to 1718.5%

18 to 245.7%

25 to 3418.0%

35 to 4415.1%

45 to 5411.6%

55 to 6413.5%

65 to 746.0%

75 and over5.6%

	Count	Share
Under 5	288	5.9%
5 to 17	906	18.5%
18 to 24	279	5.7%
25 to 34	882	18.0%
35 to 44	740	15.1%
45 to 54	566	11.6%
55 to 64	660	13.5%
65 to 74	294	6.0%
75 and over	272	5.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,440	70.4%
Black or African American	62	1.3%
American Indian & Alaska Native	688	14.1%
Asian	35	0.7%
Native Hawaiian & Pacific Islander	55	1.1%
Some other race	29	0.6%
Two or more races	341	7.0%
Hispanic or Latino (any race)	237	4.8%

Educational attainment (age 25+)

No high school diploma2.5%

High school graduate41.2%

Some college or associate's29.0%

Bachelor's degree17.7%

Graduate or professional degree9.6%

	Count	Share
No high school diploma	87	2.5%
High school graduate	1,405	41.2%
Some college or associate's	989	29.0%
Bachelor's degree	604	17.7%
Graduate or professional degree	329	9.6%

Commute to work

Mean travel time to work: 34 min

Drove alone73.1%

Carpooled18.9%

Public transit0.0%

Walked1.4%

Bicycle0.6%

Worked from home5.3%

Other means0.6%

How workers get to work

	Count	Share
Drove alone	1,929	73.1%
Carpooled	500	18.9%
Public transit	0	0.0%
Walked	38	1.4%
Bicycle	15	0.6%
Worked from home	140	5.3%
Other means	17	0.6%

Travel time

	Count	Share
Under 15 min	276	11.0%
15 to 29 min	1,659	66.4%
30 to 44 min	190	7.6%
45 to 59 min	21	0.8%
60+ min	353	14.1%

Households

Average household size: 2.61
Poverty rate: 1.3% (63 of 4,887)

	Count	Share
Family households	1,192	63.7%
Nonfamily households	679	36.3%

Housing

Median year structure built: 1984

Occupancy

	Count	Share
Occupied	1,871	82.6%
Vacant	394	17.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,508	80.6%
Renter-occupied	363	19.4%

1-unit, detached67.5%

1-unit, attached9.6%

2 to 4 units7.1%

5 to 19 units5.1%

20 or more units0.0%

Mobile home & other10.7%

Units in structure

	Count	Share
1-unit, detached	1,529	67.5%
1-unit, attached	218	9.6%
2 to 4 units	161	7.1%
5 to 19 units	115	5.1%
20 or more units	0	0.0%
Mobile home & other	242	10.7%

Geography

Place GEOID: 0224980
Type (LSAD): 57
Land area: 22 sq mi
Water area: 0.02 sq mi
Center point: 64.9082, -147.6986