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Real Estate Prices & Overview

Bjerremark median real estate price is $315,170, which is less expensive than 70.9% of Alaska neighborhoods and 59.1% of all U.S. neighborhoods.

The average rental price in Bjerremark is currently $1,811, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.8% of Alaska neighborhoods.

Bjerremark is a suburban neighborhood (based on population density) located in Fairbanks, Alaska.

Bjerremark real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Bjerremark neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Bjerremark has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Bjerremark neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 38.0% of commuters carpool here, which is more than in 99.7% of all U.S. neighborhoods.

Occupations

With 3.2% of employed workers living in the Bjerremark neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.8% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Bjerremark neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 40.0% of the real estate here is made up of such dwellings, which is higher than 97.1% of all U.S. neighborhoods.

Diversity

Did you know that the Bjerremark neighborhood has more Native American and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.0% of this neighborhood's residents have Native American ancestry and 4.2% have French Canadian ancestry.

Bjerremark is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Bjerremark neighborhood in Fairbanks are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.1% of U.S. neighborhoods. With 12.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Bjerremark neighborhood, 32.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 30.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.0%), and 15.1% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Bjerremark neighborhood is English, spoken by 87.4% of households. Other important languages spoken here include Native American languages, Spanish and French.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Bjerremark neighborhood in Fairbanks, AK, residents most commonly identify their ethnicity or ancestry as Native American (23.0%). There are also a number of people of Irish ancestry (9.1%), and residents who report Norwegian roots (6.3%), and some of the residents are also of Mexican ancestry (5.1%), along with some English ancestry residents (4.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Bjerremark neighborhood spend under 15 minutes commuting one-way to work (51.2% of working residents), one of the shortest commutes across America.

Here most residents (44.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (38.0%) and 6.5% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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