HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Kenai Peninsula Borough, Alaska (FY 2026)
A two-bedroom in Kenai Peninsula Borough carries a FY 2026 Fair Market Rent of $1,312 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Kenai Peninsula keys off that figure.
Two-bedroom FMR
$1,312
+5.4% from FY 2025
Payment standard
$1,181–$1,443
90% to 110% of the FMR, two-bedroom
Income to afford
$52,480
a year, with rent at 30% of income
Rank in Alaska
21st of 30
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Kenai Peninsula moves to $1,390. That's up 6%. The full FY 2027 table is in the history section below.
FY 2026 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 2025 |
|---|---|---|---|---|---|
| Studio | $993 | $894–$1,092 | $39,720 | $19.10/hr | +5.3% |
| 1 bedroom | $1,000 | $900–$1,100 | $40,000 | $19.23/hr | +5.4% |
| 2 bedroom | $1,312 | $1,181–$1,443 | $52,480 | $25.23/hr | +5.4% |
| 3 bedroom | $1,825 | $1,643–$2,008 | $73,000 | $35.10/hr | +4.6% |
| 4 bedroom | $2,201 | $1,981–$2,421 | $88,040 | $42.33/hr | +5.3% |
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 | $2,531 | $2,278–$2,784 |
| 6 bedroom Estimate | $2,861 | $2,575–$3,147 |
| 7 bedroom Estimate | $3,191 | $2,872–$3,510 |
| 8 bedroom Estimate | $3,522 | $3,170–$3,874 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Kenai Peninsula actually rent for?
Search any address in Kenai Peninsula for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The FMR isn't the check you'd receive. Your local housing authority turns it into a payment standard, set between 90% and 110% of FMR, so a two-bedroom here lands between $1,181 and $1,443. Subtract about 30% of the tenant's income and that's the housing assistance payment. If you ask more than similar unassisted units rent for, the PHA's rent reasonableness check will push back.
At the standard 30% of income, a household needs about $52,480 a year to afford $1,312 a month. On a 40-hour week that's $25 an hour.
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%$1,181 | Voucher pays at 100%$1,312 | Voucher pays at 110%$1,443 |
|---|---|---|---|---|
| $2,500 | $750 | $431 | $562 | $693 |
| $4,000 | $1,200 | $0 | $112 | $243 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($1,245) to FY 2026 ($1,312). Since FY 2020 it's up 10% in total, about 1.6% a year. The Alaska median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $896 | $905 | $1,192 | $1,604 | $1,723 | — |
| FY 2021 | $814 | $817 | $1,077 | $1,494 | $1,624 | -9.6% |
| FY 2022 | $815 | $820 | $1,072 | $1,507 | $1,662 | -0.5% |
| FY 2023 | $901 | $903 | $1,179 | $1,676 | $1,895 | +10.0% |
| FY 2024 | $984 | $990 | $1,301 | $1,833 | $2,090 | +10.3% |
| FY 2025 | $943 | $949 | $1,245 | $1,745 | $2,091 | -4.3% |
| FY 2026In effect | $993 | $1,000 | $1,312 | $1,825 | $2,201 | +5.4% |
| FY 2027From Oct 1, 2026 | $1,056 | $1,063 | $1,390 | $1,925 | $2,323 | +5.9% |
About this rate
HUD sets Fair Market Rent once a year, based on what typical units in the area actually rent for, with utilities folded in. FY 2026 runs October 1, 2025 through September 30, 2026, and in Kenai Peninsula Borough the five published rates run from $993 to $2,201, studio through four bedrooms.
Kenai Peninsula is a nonmetro borough, so HUD sets its FMR from rents in the borough itself rather than a wider metro. The number applies borough-wide, from Anchor Point on out.
The state median two-bedroom FMR is $1,424. Kenai Peninsula comes in at $1,312, about 8% below that, and ranks 21st of 30 in Alaska. Against the national median county ($1,018) it's about 29% above. Population is around 59,235.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 15 ZIP codes it covers in Kenai Peninsula. Two-bedroom rates run from $1,130 in 99639 (Ninilchik) to $1,560 in 99610 (Kasilof), a $430 spread inside one borough. Whether your housing authority uses the ZIP rate or the borough rate depends on whether HUD has designated this area for Small Area FMRs. Ask the PHA which one it's on before you price a unit.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 99556 | Anchor Point | $1,280 | -2.4% |
| 99568 | Clam Gulch | $1,440 | +9.8% |
| 99572 | Cooper Landing | $1,490 | +13.6% |
| 99603 | Homer | $1,410 | +7.5% |
| 99605 | Hope | $1,530 | +16.6% |
| 99610 | Kasilof | $1,560 | +18.9% |
| 99611 | Kenai | $1,250 | -4.7% |
| 99631 | Moose Pass | $1,310 | -0.2% |
| 99635 | Nikiski | $1,310 | -0.2% |
| 99639 | Ninilchik | $1,130 | -13.9% |
| 99663 | Seldovia | $1,130 | -13.9% |
| 99664 | Seward | $1,560 | +18.9% |
| 99669 | Soldotna | $1,330 | +1.4% |
| 99672 | Sterling | $1,130 | -13.9% |
| 99682 | Tyonek | $1,310 | -0.2% |
Nearby counties
Two-bedroom FMR, with how each compares to Kenai Peninsula.
Anchorage Municipality
56 mi · 290,674 people
$1,631
+24%
Matanuska-Susitna Borough
106 mi · 108,661 people
$1,376
+5%
Chugach Census Area
135 mi · 7,000 people
$1,506
+15%
Kodiak Island Borough
201 mi · 13,065 people
$2,075
+58%
Copper River Census Area
220 mi · 2,614 people
$1,130
-14%
Bristol Bay Borough
238 mi · 854 people
$1,243
-5%
Denali Borough
252 mi · 2,101 people
$1,187
-10%
Lake and Peninsula Borough
255 mi · 999 people
$1,030
-21%
Questions people ask
$1,312 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $993 for a studio, $1,000 for one bedroom, $1,825 for three and $2,201 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 Kenai Peninsula actually go for?
HUD's number is one input. Search any address in Kenai Peninsula for a rent estimate built from nearby comps. 3 free searches, no card.
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