HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Chugach Census Area, Alaska (FY 2027)
$1,575 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Chugach Census Area, and it's the baseline every voucher in Chugach is measured against.
Two-bedroom FMR
$1,575
+4.6% from FY 2026
Payment standard
$1,418–$1,733
90% to 110% of the FMR, two-bedroom
Income to afford
$63,000
a year, with rent at 30% of income
Rank in Alaska
11th of 30
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,097 | $987–$1,207 | $43,880 | $21.10/hr | +5.7% |
| 1 bedroom | $1,447 | $1,302–$1,592 | $57,880 | $27.83/hr | +5.3% |
| 2 bedroom | $1,575 | $1,418–$1,733 | $63,000 | $30.29/hr | +4.6% |
| 3 bedroom | $2,181 | $1,963–$2,399 | $87,240 | $41.94/hr | +4.2% |
| 4 bedroom | $2,589 | $2,330–$2,848 | $103,560 | $49.79/hr | +2.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,977 | $2,679–$3,275 |
| 6 bedroom Estimate | $3,366 | $3,029–$3,703 |
| 7 bedroom Estimate | $3,754 | $3,379–$4,129 |
| 8 bedroom Estimate | $4,142 | $3,728–$4,556 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Chugach actually rent for?
Search any address in Chugach for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Chugach somewhere between $1,418 and $1,733. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,575 a month is affordable, by HUD's 30% rule, on an income of roughly $63,000 a year. Put another way, $30 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,418 | Voucher pays at 100%$1,575 | Voucher pays at 110%$1,733 |
|---|---|---|---|---|
| $2,500 | $750 | $668 | $825 | $983 |
| $4,000 | $1,200 | $218 | $375 | $533 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($1,506) to FY 2027 ($1,575). Since FY 2023 it's up 23% in total, about 5.3% a year. The Alaska median moved up 6% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2023 | $899 | $974 | $1,282 | $1,663 | $1,946 | — |
| FY 2024 | $989 | $1,077 | $1,404 | $1,837 | $2,147 | +9.5% |
| FY 2025 | $1,039 | $1,136 | $1,453 | $1,948 | $2,297 | +3.5% |
| FY 2026 | $1,038 | $1,374 | $1,506 | $2,094 | $2,526 | +3.6% |
| FY 2027In effect | $1,097 | $1,447 | $1,575 | $2,181 | $2,589 | +4.6% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Chugach, that runs from $1,097 for a studio up to $2,589 for four bedrooms, all five rates in the table above.
Because Chugach sits outside any HUD metro area, its rate is a census area-wide figure built from local rents. One number covers every address in the census area, Cordova included.
Among Alaska's 30 counties, Chugach ranks 11th for two-bedroom FMR. That's about 4% above the state median of $1,513 and about 48% above the national median county at $1,063. About 6,862 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,360 in 99693 (Whittier) and $1,690 in 99677 (Tatitlek), with the 4 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the census area rate. Everywhere else the ZIP numbers show where rents actually sit, and the census area rate stays the official standard.
Nearby counties
Two-bedroom FMR, with how each compares to Chugach.
Copper River Census Area
99 mi · 2,626 people
$1,157
-27%
Matanuska-Susitna Borough
112 mi · 112,988 people
$1,293
-18%
Anchorage Municipality
114 mi · 288,976 people
$1,529
-3%
Kenai Peninsula Borough
135 mi · 60,413 people
$1,390
-12%
Denali Borough
224 mi · 1,969 people
$1,220
-23%
Southeast Fairbanks Census Area
235 mi · 7,068 people
$1,327
-16%
Yakutat City and Borough
264 mi · 527 people
$1,577
same rate
Fairbanks North Star Borough
276 mi · 95,460 people
$1,553
-1%
Questions people ask
$1,575 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,097 for a studio, $1,447 for one bedroom, $2,181 for three and $2,589 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Chugach actually go for?
HUD's number is one input. Search any address in Chugach for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.