HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Matanuska-Susitna Borough, Alaska (FY 2027)
A two-bedroom in Matanuska-Susitna Borough carries a FY 2027 Fair Market Rent of $1,293 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Matanuska-Susitna keys off that figure.
Two-bedroom FMR
$1,293
-6.0% from FY 2026
Payment standard
$1,164–$1,422
90% to 110% of the FMR, two-bedroom
Income to afford
$51,720
a year, with rent at 30% of income
Rank in Alaska
23rd 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 | $929 | $836–$1,022 | $37,160 | $17.87/hr | -8.5% |
| 1 bedroom | $988 | $889–$1,087 | $39,520 | $19.00/hr | -5.8% |
| 2 bedroom | $1,293 | $1,164–$1,422 | $51,720 | $24.87/hr | -6.0% |
| 3 bedroom | $1,790 | $1,611–$1,969 | $71,600 | $34.42/hr | -6.5% |
| 4 bedroom | $2,161 | $1,945–$2,377 | $86,440 | $41.56/hr | -6.4% |
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 | $2,485 | $2,237–$2,734 |
| 6 bedroom Estimate | $2,809 | $2,528–$3,090 |
| 7 bedroom Estimate | $3,133 | $2,820–$3,446 |
| 8 bedroom Estimate | $3,458 | $3,112–$3,804 |
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 Matanuska-Susitna actually rent for?
Search any address in Matanuska-Susitna 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 $1,164 and $1,422. 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 $51,720 a year to afford $1,293 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%$1,164 | Voucher pays at 100%$1,293 | Voucher pays at 110%$1,422 |
|---|---|---|---|---|
| $2,500 | $750 | $414 | $543 | $672 |
| $4,000 | $1,200 | $0 | $93 | $222 |
Rate history
The two-bedroom rate went down 6% from FY 2026 ($1,376) to FY 2027 ($1,293). Since FY 2020 it's up 24% in total, about 3.1% 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 | $741 | $792 | $1,043 | $1,505 | $1,831 | — |
| FY 2021 | $733 | $775 | $1,020 | $1,460 | $1,766 | -2.2% |
| FY 2022 | $744 | $789 | $1,035 | $1,470 | $1,772 | +1.5% |
| FY 2023 | $830 | $884 | $1,164 | $1,654 | $1,983 | +12.5% |
| FY 2024 | $919 | $974 | $1,280 | $1,804 | $2,172 | +10.0% |
| FY 2025 | $1,019 | $1,055 | $1,384 | $1,939 | $2,324 | +8.1% |
| FY 2026 | $1,015 | $1,049 | $1,376 | $1,914 | $2,308 | -0.6% |
| FY 2027In effect | $929 | $988 | $1,293 | $1,790 | $2,161 | -6.0% |
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 Matanuska-Susitna Borough the five published rates run from $929 to $2,161, studio through four bedrooms.
Matanuska-Susitna is its own HUD metro area (Matanuska-Susitna Borough, AK), so the rate here is set from rents inside the borough rather than a wider region.
The state median two-bedroom FMR is $1,513. Matanuska-Susitna comes in at $1,293, about 15% below that, and ranks 23rd of 30 in Alaska. Against the national median county ($1,063) it's about 22% above. Population is around 112,988.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 11 ZIP codes it covers in Matanuska-Susitna. Two-bedroom rates run from $1,240 in 99652 (Big Lake) to $1,510 in 99623 (Wasilla), a $270 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 |
|---|---|---|---|
| 99623 | Wasilla | $1,510 | +16.8% |
| 99629 | Wasilla | $1,293County rate | — |
| 99645 | Palmer | $1,400 | +8.3% |
| 99652 | Big Lake | $1,240 | -4.1% |
| 99654 | Wasilla | $1,260 | -2.6% |
| 99667 | Skwentna | $1,290 | -0.2% |
| 99674 | Sutton | $1,240 | -4.1% |
| 99676 | Talkeetna | $1,470 | +13.7% |
| 99683 | Trapper Creek | $1,310 | +1.3% |
| 99687 | Wasilla | $1,290 | -0.2% |
| 99688 | Willow | $1,240 | -4.1% |
| 99694 | Houston | $1,240 | -4.1% |
Nearby counties
Two-bedroom FMR, with how each compares to Matanuska-Susitna.
Anchorage Municipality
50 mi · 288,976 people
$1,529
+18%
Kenai Peninsula Borough
106 mi · 60,413 people
$1,390
+8%
Chugach Census Area
112 mi · 6,862 people
$1,575
+22%
Denali Borough
148 mi · 1,969 people
$1,220
-6%
Copper River Census Area
150 mi · 2,626 people
$1,157
-11%
Fairbanks North Star Borough
221 mi · 95,460 people
$1,553
+20%
Yukon-Koyukuk Census Area
234 mi · 5,195 people
$1,196
-8%
Southeast Fairbanks Census Area
245 mi · 7,068 people
$1,327
+3%
Questions people ask
$1,293 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $929 for a studio, $988 for one bedroom, $1,790 for three and $2,161 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 Matanuska-Susitna actually go for?
HUD's number is one input. Search any address in Matanuska-Susitna for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.