HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Petersburg Borough, Alaska (FY 2027)
$1,504 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Petersburg Borough, and it's the baseline every voucher in Petersburg is measured against.
Two-bedroom FMR
$1,504
+2.8% from FY 2026
Payment standard
$1,354–$1,654
90% to 110% of the FMR, two-bedroom
Income to afford
$60,160
a year, with rent at 30% of income
Rank in Alaska
16th 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 | $1,090 | $981–$1,199 | $43,600 | $20.96/hr | +3.9% |
| 1 bedroom | $1,226 | $1,103–$1,349 | $49,040 | $23.58/hr | +1.2% |
| 2 bedroom | $1,504 | $1,354–$1,654 | $60,160 | $28.92/hr | +2.8% |
| 3 bedroom | $1,919 | $1,727–$2,111 | $76,760 | $36.90/hr | +9.4% |
| 4 bedroom | $2,181 | $1,963–$2,399 | $87,240 | $41.94/hr | +7.9% |
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 | $2,508 | $2,257–$2,759 |
| 6 bedroom Estimate | $2,835 | $2,552–$3,119 |
| 7 bedroom Estimate | $3,162 | $2,846–$3,478 |
| 8 bedroom Estimate | $3,490 | $3,141–$3,839 |
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 Petersburg actually rent for?
Search any address in Petersburg for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Petersburg somewhere between $1,354 and $1,654. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,504 a month is affordable, by HUD's 30% rule, on an income of roughly $60,160 a year. Put another way, $29 an hour full time.
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%$1,354 | Voucher pays at 100%$1,504 | Voucher pays at 110%$1,654 |
|---|---|---|---|---|
| $2,500 | $750 | $604 | $754 | $904 |
| $4,000 | $1,200 | $154 | $304 | $454 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($1,463) to FY 2027 ($1,504). Since FY 2020 it's up 28% in total, about 3.6% 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 | $767 | $957 | $1,177 | $1,467 | $1,860 | — |
| FY 2021 | $795 | $862 | $1,132 | $1,408 | $1,781 | -3.8% |
| FY 2022 | $831 | $919 | $1,195 | $1,477 | $1,995 | +5.6% |
| FY 2023 | $893 | $976 | $1,274 | $1,551 | $2,069 | +6.6% |
| FY 2024 | $955 | $1,099 | $1,355 | $1,638 | $2,099 | +6.4% |
| FY 2025 | $976 | $1,083 | $1,365 | $1,645 | $1,944 | +0.7% |
| FY 2026 | $1,049 | $1,211 | $1,463 | $1,754 | $2,022 | +7.2% |
| FY 2027In effect | $1,090 | $1,226 | $1,504 | $1,919 | $2,181 | +2.8% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Petersburg, that runs from $1,090 for a studio up to $2,181 for four bedrooms, all five rates in the table above.
Because Petersburg sits outside any HUD metro area, its rate is a borough-wide figure built from local rents. One number covers every address in the borough, Kake included.
Among Alaska's 30 counties, Petersburg ranks 16th for two-bedroom FMR. That's within a couple percent of the state median of $1,513 and about 41% above the national median county at $1,063. About 3,409 people live here, 21st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,300 in 99830 (Kake) and $1,500 in 99833 (Petersburg), with the 2 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the borough rate. Everywhere else the ZIP numbers show where rents actually sit, and the borough rate stays the official standard.
Rates by town
Alaska publishes Fair Market Rents town by town instead of by borough. Petersburg Borough has just the one town, so its rate for FY 2027 is the borough number too.
| Town | Population | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|---|
| Petersburg Census Area | 3,409 | $1,090 | $1,226 | $1,504 | $1,919 | $2,181 |
Nearby counties
Two-bedroom FMR, with how each compares to Petersburg.
Wrangell City and Borough
56 mi · 2,088 people
$1,295
-14%
Sitka City and Borough
67 mi · 8,368 people
$1,622
+8%
Prince of Wales-Hyder Census Area
88 mi · 5,715 people
$1,269
-16%
Juneau City and Borough
104 mi · 31,794 people
$1,807
+20%
Hoonah-Angoon Census Area
107 mi · 2,311 people
$1,566
+4%
Ketchikan Gateway Borough
128 mi · 13,768 people
$1,733
+15%
Haines Borough
178 mi · 2,086 people
$1,315
-13%
Skagway Municipality
188 mi · 1,244 people
$1,611
+7%
Questions people ask
$1,504 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,090 for a studio, $1,226 for one bedroom, $1,919 for three and $2,181 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 Petersburg actually go for?
HUD's number is one input. Search any address in Petersburg for a rent estimate built from nearby comps. Free to start, no card.
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