HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Petersburg Borough, Alaska (FY 2026)
$1,463 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Petersburg Borough, and it's the baseline every voucher in Petersburg is measured against.
2 bedroom FMR
$1,463
FY 2026, utilities included
Payment standard range
$1,317 to $1,609
90% to 110% of FMR
Income to afford 2BR
$58,520
per year, at 30% of income
Rank in Alaska
14th of 30
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Petersburg moves to $1,504. That's up 3%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,049 | $944 to $1,154 | $41,960 | $20.17/hr | +7.5% |
| 1 bedroom | $1,211 | $1,090 to $1,332 | $48,440 | $23.29/hr | +11.8% |
| 2 bedroom | $1,463 | $1,317 to $1,609 | $58,520 | $28.13/hr | +7.2% |
| 3 bedroom | $1,754 | $1,579 to $1,929 | $70,160 | $33.73/hr | +6.6% |
| 4 bedroom | $2,022 | $1,820 to $2,224 | $80,880 | $38.88/hr | +4.0% |
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 | $2,325 | $2,093 to $2,558 |
| 6 bedroom Estimate | $2,629 | $2,366 to $2,892 |
| 7 bedroom Estimate | $2,932 | $2,639 to $3,225 |
| 8 bedroom Estimate | $3,235 | $2,912 to $3,559 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Petersburg, that runs from $1,049 for a studio up to $2,022 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 14th for two-bedroom FMR. That's about 3% above the state median of $1,424 and about 44% above the national median county at $1,018. About 3,374 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 $1,210 in 99830 (Kake) and $1,460 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.
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 $1,317 and $1,609. 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.
$1,463 a month is affordable, by HUD's 30% rule, on an income of roughly $58,520 a year. Put another way, $28 an hour full time.
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% ($1,317) | HAP at 100% ($1,463) | HAP at 110% ($1,609) |
|---|---|---|---|---|
| $2,500 | $750 | $567 | $713 | $859 |
| $4,000 | $1,200 | $117 | $263 | $409 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($1,365) to FY 2026 ($1,463). Since FY 2020 it's up 24% in total, about 3.7% 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 | $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 2027 | $1,090 | $1,226 | $1,504 | $1,919 | $2,181 | +2.8% |
Nearby counties
Wrangell City and Borough
$1,21756 mi · pop 2,134
Sitka City and Borough
$1,56667 mi · pop 8,462
Prince of Wales-Hyder Census Area
$1,15388 mi · pop 5,799
Juneau City and Borough
$1,758104 mi · pop 32,108
Hoonah-Angoon Census Area
$1,460107 mi · pop 2,329
Ketchikan Gateway Borough
$1,625128 mi · pop 13,910
Haines Borough
$1,321178 mi · pop 2,079
Skagway Municipality
$1,644188 mi · pop 1,303
Questions people ask
$1,463 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,049 for a studio, $1,211 for one bedroom, $1,754 for three and $2,022 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 Petersburg actually go for?
HUD's number is one input. Search any address in Petersburg for a rent estimate built from nearby comps. 3 free searches, no card.
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