Fagernes lies on the north side of Beis Fjord just south of the town centre and southeast of Ankenesstrand (Ankenes).

The wealthy farmer Statius Mosling (1853–1934) at the Fagernes farm was very eager to have the railroad built to Narvik.

To the south, Fagernes is connected to Ankenesstranda (Ankenes), also in the municipality of Narvik, by E6 via the Beisfjord Bridge over Beis Fjord.

Nordland county also offers bus service from Narvik via Fagernes to Beisfjord, Ankenesstranda (Ankenes), and Håkvik.

The public school was shut down as an economizing measure in the wake of the municipality of Narvik being added to the ROBEK registry due to involvement in the Terra Securities scandal.