HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Kodiak Island Borough, Alaska (FY 2026)
$2,075 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Kodiak Island Borough, and it's the baseline every voucher in Kodiak Island is measured against.
2 bedroom FMR
$2,075
FY 2026, utilities included
Payment standard range
$1,868 to $2,283
90% to 110% of FMR
Income to afford 2BR
$83,000
per year, at 30% of income
Rank in Alaska
2nd of 30
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Kodiak Island moves to $2,239. That's up 8%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Kodiak Island actually rent for?
Search any address in Kodiak Island for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,431 | $1,288 to $1,574 | $57,240 | $27.52/hr | +11.8% |
| 1 bedroom | $1,581 | $1,423 to $1,739 | $63,240 | $30.40/hr | +11.2% |
| 2 bedroom | $2,075 | $1,868 to $2,283 | $83,000 | $39.90/hr | +11.2% |
| 3 bedroom | $2,488 | $2,239 to $2,737 | $99,520 | $47.85/hr | +8.4% |
| 4 bedroom | $2,747 | $2,472 to $3,022 | $109,880 | $52.83/hr | +11.0% |
5 to 8 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 | $3,159 | $2,843 to $3,475 |
| 6 bedroom Estimate | $3,571 | $3,214 to $3,928 |
| 7 bedroom Estimate | $3,983 | $3,585 to $4,381 |
| 8 bedroom Estimate | $4,395 | $3,956 to $4,835 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 Kodiak Island Borough the five published rates run from $1,431 to $2,747, studio through four bedrooms.
Kodiak Island 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 Kodiak on out.
The state median two-bedroom FMR is $1,424. Kodiak Island comes in at $2,075, about 46% above that, and ranks 2nd of 30 in Alaska. Against the national median county ($1,018) it's about 104% above. Population is around 13,065.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 6 ZIP codes it covers in Kodiak Island. Two-bedroom rates run from $1,680 in 99643 (Old Harbor) to $2,090 in 99550 (Port Lions), a $410 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.
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 $1,868 and $2,283. 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 $83,000 a year to afford $2,075 a month. On a 40-hour week that's $40 an hour.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,868) | HAP at 100% ($2,075) | HAP at 110% ($2,283) |
|---|---|---|---|---|
| $2,500 | $750 | $1,118 | $1,325 | $1,533 |
| $4,000 | $1,200 | $668 | $875 | $1,083 |
Rate history
The two-bedroom rate went up 11% from FY 2025 ($1,866) to FY 2026 ($2,075). Since FY 2020 it's up 45% in total, about 6.4% a year. The Alaska median moved up 1% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,019 | $1,087 | $1,432 | $2,066 | $2,074 | — |
| FY 2021 | $969 | $1,115 | $1,469 | $1,860 | $2,176 | +2.6% |
| FY 2022 | $1,042 | $1,192 | $1,568 | $1,938 | $2,402 | +6.7% |
| FY 2023 | $1,094 | $1,243 | $1,636 | $2,023 | $2,431 | +4.3% |
| FY 2024 | $1,228 | $1,379 | $1,812 | $2,220 | $2,622 | +10.8% |
| FY 2025 | $1,280 | $1,422 | $1,866 | $2,295 | $2,474 | +3.0% |
| FY 2026 | $1,431 | $1,581 | $2,075 | $2,488 | $2,747 | +11.2% |
| FY 2027 | $1,559 | $1,712 | $2,239 | $2,716 | $2,943 | +7.9% |
Nearby counties
Lake and Peninsula Borough
$1,030138 mi · pop 999
Bristol Bay Borough
$1,243152 mi · pop 854
Kenai Peninsula Borough
$1,312201 mi · pop 59,235
Dillingham Census Area
$1,247220 mi · pop 4,854
Anchorage Municipality
$1,631257 mi · pop 290,674
Matanuska-Susitna Borough
$1,376307 mi · pop 108,661
Chugach Census Area
$1,506308 mi · pop 7,000
Bethel Census Area
$1,938372 mi · pop 18,538
Questions people ask
$2,075 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,431 for a studio, $1,581 for one bedroom, $2,488 for three and $2,747 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Kodiak Island actually go for?
HUD's number is one input. Search any address in Kodiak Island for a rent estimate built from nearby comps. 3 free searches, no card.
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