HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Matanuska-Susitna Borough, Alaska (FY 2026)
A two-bedroom in Matanuska-Susitna Borough carries a FY 2026 Fair Market Rent of $1,376 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Matanuska-Susitna keys off that figure.
2 bedroom FMR
$1,376
FY 2026, utilities included
Payment standard range
$1,238 to $1,514
90% to 110% of FMR
Income to afford 2BR
$55,040
per year, at 30% of income
Rank in Alaska
18th of 30
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Matanuska-Susitna moves to $1,293. That's down 6%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,015 | $914 to $1,117 | $40,600 | $19.52/hr | -0.4% |
| 1 bedroom | $1,049 | $944 to $1,154 | $41,960 | $20.17/hr | -0.6% |
| 2 bedroom | $1,376 | $1,238 to $1,514 | $55,040 | $26.46/hr | -0.6% |
| 3 bedroom | $1,914 | $1,723 to $2,105 | $76,560 | $36.81/hr | -1.3% |
| 4 bedroom | $2,308 | $2,077 to $2,539 | $92,320 | $44.38/hr | -0.7% |
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 | $2,654 | $2,389 to $2,919 |
| 6 bedroom Estimate | $3,000 | $2,700 to $3,300 |
| 7 bedroom Estimate | $3,347 | $3,012 to $3,682 |
| 8 bedroom Estimate | $3,693 | $3,324 to $4,062 |
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 Matanuska-Susitna Borough the five published rates run from $1,015 to $2,308, 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 $1,424. Matanuska-Susitna comes in at $1,376, about 3% below that, and ranks 18th of 30 in Alaska. Against the national median county ($1,018) it's about 35% above. Population is around 108,661.
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 $1,250 in 99652 (Big Lake) to $1,560 in 99623 (Wasilla), a $310 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 | $1,560 | +13.4% |
| 99629 | Wasilla | $1,376County rate | — |
| 99645 | Palmer | $1,450 | +5.4% |
| 99652 | Big Lake | $1,250 | -9.2% |
| 99654 | Wasilla | $1,350 | -1.9% |
| 99667 | Skwentna | $1,380 | +0.3% |
| 99674 | Sutton | $1,330 | -3.3% |
| 99676 | Talkeetna | $1,500 | +9.0% |
| 99683 | Trapper Creek | $1,380 | +0.3% |
| 99687 | Wasilla | $1,380 | +0.3% |
| 99688 | Willow | $1,310 | -4.8% |
| 99694 | Houston | $1,270 | -7.7% |
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 $1,238 and $1,514. 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 $55,040 a year to afford $1,376 a month. On a 40-hour week that's $26 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% ($1,238) | HAP at 100% ($1,376) | HAP at 110% ($1,514) |
|---|---|---|---|---|
| $2,500 | $750 | $488 | $626 | $764 |
| $4,000 | $1,200 | $38 | $176 | $314 |
Rate history
The two-bedroom rate went down 1% from FY 2025 ($1,384) to FY 2026 ($1,376). Since FY 2020 it's up 32% in total, about 4.7% 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 | $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 2027 | $929 | $988 | $1,293 | $1,790 | $2,161 | -6.0% |
Nearby counties
Anchorage Municipality
$1,63150 mi · pop 290,674
Kenai Peninsula Borough
$1,312106 mi · pop 59,235
Chugach Census Area
$1,506112 mi · pop 7,000
Denali Borough
$1,187148 mi · pop 2,101
Copper River Census Area
$1,130150 mi · pop 2,614
Fairbanks North Star Borough
$1,676221 mi · pop 96,299
Yukon-Koyukuk Census Area
$1,126234 mi · pop 5,355
Southeast Fairbanks Census Area
$1,313245 mi · pop 6,888
Questions people ask
$1,376 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,015 for a studio, $1,049 for one bedroom, $1,914 for three and $2,308 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 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. 3 free searches, no card.
Free tier. No credit card.