HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Lake and Peninsula Borough, Alaska (FY 2027)
A two-bedroom in Lake and Peninsula Borough carries a FY 2027 Fair Market Rent of $1,050 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Lake and Peninsula keys off that figure.
Two-bedroom FMR
$1,050
+1.9% from FY 2026
Payment standard
$945–$1,155
90% to 110% of the FMR, two-bedroom
Income to afford
$42,000
a year, with rent at 30% of income
Rank in Alaska
29th 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 | $761 | $685–$837 | $30,440 | $14.63/hr | +3.0% |
| 1 bedroom | $909 | $818–$1,000 | $36,360 | $17.48/hr | +1.7% |
| 2 bedroom | $1,050 | $945–$1,155 | $42,000 | $20.19/hr | +1.9% |
| 3 bedroom | $1,444 | $1,300–$1,588 | $57,760 | $27.77/hr | +3.8% |
| 4 bedroom | $1,755 | $1,580–$1,931 | $70,200 | $33.75/hr | +10.0% |
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 | $2,018 | $1,816–$2,220 |
| 6 bedroom Estimate | $2,282 | $2,054–$2,510 |
| 7 bedroom Estimate | $2,545 | $2,291–$2,800 |
| 8 bedroom Estimate | $2,808 | $2,527–$3,089 |
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 Lake and Peninsula actually rent for?
Search any address in Lake and Peninsula 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 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 $945 and $1,155. 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 $42,000 a year to afford $1,050 a month. On a 40-hour week that's $20 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%$945 | Voucher pays at 100%$1,050 | Voucher pays at 110%$1,155 |
|---|---|---|---|---|
| $2,500 | $750 | $195 | $300 | $405 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,030) to FY 2027 ($1,050). Since FY 2020 it's up 16% in total, about 2.1% 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 2020 | $637 | $726 | $907 | $1,194 | $1,592 | — |
| FY 2021 | $580 | $654 | $826 | $1,112 | $1,433 | -8.9% |
| FY 2022 | $574 | $680 | $825 | $1,161 | $1,287 | -0.1% |
| FY 2023 | $605 | $733 | $863 | $1,204 | $1,310 | +4.6% |
| FY 2024 | $660 | $820 | $937 | $1,320 | $1,433 | +8.6% |
| FY 2025 | $693 | $826 | $970 | $1,359 | $1,533 | +3.5% |
| FY 2026 | $739 | $894 | $1,030 | $1,391 | $1,596 | +6.2% |
| FY 2027In effect | $761 | $909 | $1,050 | $1,444 | $1,755 | +1.9% |
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 2027 runs October 1, 2026 through September 30, 2027, and in Lake and Peninsula Borough the five published rates run from $761 to $1,755, studio through four bedrooms.
Lake and 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 Chignik Lake on out.
The state median two-bedroom FMR is $1,513. Lake and Peninsula comes in at $1,050, about 31% below that, and ranks 29th of 30 in Alaska. Against the national median county ($1,063) it's within a couple percent of. Population is around 1,013.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 12 ZIP codes it covers in Lake and Peninsula. Two-bedroom rates run from $1,050 in 99548 (Chignik Lake) to $1,640 in 99640 (Nondalton), a $590 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 |
|---|---|---|---|
| 99548 | Chignik Lake | $1,050 | 0.0% |
| 99549 | Port Heiden | $1,050 | 0.0% |
| 99564 | Chignik | $1,050 | 0.0% |
| 99565 | Chignik Lagoon | $1,050 | 0.0% |
| 99579 | Egegik | $1,050 | 0.0% |
| 99606 | Iliamna | $1,240 | +18.1% |
| 99625 | Levelock | $1,050 | 0.0% |
| 99640 | Nondalton | $1,640 | +56.2% |
| 99647 | Pedro Bay | $1,050 | 0.0% |
| 99648 | Perryville | $1,050 | 0.0% |
| 99649 | Pilot Point | $1,050 | 0.0% |
| 99653 | Port Alsworth | $1,050 | 0.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Lake and Peninsula.
Bristol Bay Borough
34 mi · 918 people
$1,269
+21%
Dillingham Census Area
91 mi · 4,724 people
$1,295
+23%
Kodiak Island Borough
138 mi · 12,771 people
$2,239
+113%
Bethel Census Area
246 mi · 18,394 people
$1,971
+88%
Kenai Peninsula Borough
255 mi · 60,413 people
$1,390
+32%
Anchorage Municipality
299 mi · 288,976 people
$1,529
+46%
Aleutians East Borough
327 mi · 3,491 people
$1,400
+33%
Matanuska-Susitna Borough
344 mi · 112,988 people
$1,293
+23%
Questions people ask
$1,050 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $761 for a studio, $909 for one bedroom, $1,444 for three and $1,755 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 Lake and Peninsula actually go for?
HUD's number is one input. Search any address in Lake and Peninsula for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.