HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Lake and Peninsula Borough, Alaska (FY 2026)
A two-bedroom in Lake and Peninsula Borough carries a FY 2026 Fair Market Rent of $1,030 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Lake and Peninsula keys off that figure.
2 bedroom FMR
$1,030
FY 2026, utilities included
Payment standard range
$927 to $1,133
90% to 110% of FMR
Income to afford 2BR
$41,200
per year, at 30% of income
Rank in Alaska
29th of 30
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Lake and Peninsula moves to $1,050. That's up 2%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $739 | $665 to $813 | $29,560 | $14.21/hr | +6.6% |
| 1 bedroom | $894 | $805 to $983 | $35,760 | $17.19/hr | +8.2% |
| 2 bedroom | $1,030 | $927 to $1,133 | $41,200 | $19.81/hr | +6.2% |
| 3 bedroom | $1,391 | $1,252 to $1,530 | $55,640 | $26.75/hr | +2.4% |
| 4 bedroom | $1,596 | $1,436 to $1,756 | $63,840 | $30.69/hr | +4.1% |
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 | $1,835 | $1,652 to $2,019 |
| 6 bedroom Estimate | $2,075 | $1,868 to $2,283 |
| 7 bedroom Estimate | $2,314 | $2,083 to $2,545 |
| 8 bedroom Estimate | $2,554 | $2,299 to $2,809 |
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 Lake and Peninsula Borough the five published rates run from $739 to $1,596, 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 $1,424. Lake and Peninsula comes in at $1,030, about 28% below that, and ranks 29th of 30 in Alaska. Against the national median county ($1,018) it's within a couple percent of. Population is around 999.
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 $1,030 in 99548 (Chignik Lake) to $1,820 in 99640 (Nondalton), a $790 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 | $1,030 | 0.0% |
| 99549 | Port Heiden | $1,030 | 0.0% |
| 99564 | Chignik | $1,030 | 0.0% |
| 99565 | Chignik Lagoon | $1,030 | 0.0% |
| 99579 | Egegik | $1,030 | 0.0% |
| 99606 | Iliamna | $1,240 | +20.4% |
| 99625 | Levelock | $1,030 | 0.0% |
| 99640 | Nondalton | $1,820 | +76.7% |
| 99647 | Pedro Bay | $1,030 | 0.0% |
| 99648 | Perryville | $1,030 | 0.0% |
| 99649 | Pilot Point | $1,030 | 0.0% |
| 99653 | Port Alsworth | $1,050 | +1.9% |
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 $927 and $1,133. 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 $41,200 a year to afford $1,030 a month. On a 40-hour week that's $20 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% ($927) | HAP at 100% ($1,030) | HAP at 110% ($1,133) |
|---|---|---|---|---|
| $2,500 | $750 | $177 | $280 | $383 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2025 ($970) to FY 2026 ($1,030). Since FY 2020 it's up 14% in total, about 2.1% 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 | $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 2027 | $761 | $909 | $1,050 | $1,444 | $1,755 | +1.9% |
Nearby counties
Bristol Bay Borough
$1,24334 mi · pop 854
Dillingham Census Area
$1,24791 mi · pop 4,854
Kodiak Island Borough
$2,075138 mi · pop 13,065
Bethel Census Area
$1,938246 mi · pop 18,538
Kenai Peninsula Borough
$1,312255 mi · pop 59,235
Anchorage Municipality
$1,631299 mi · pop 290,674
Aleutians East Borough
$1,385327 mi · pop 3,407
Matanuska-Susitna Borough
$1,376344 mi · pop 108,661
Questions people ask
$1,030 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $739 for a studio, $894 for one bedroom, $1,391 for three and $1,596 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 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. 3 free searches, no card.
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