HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Southeast Fairbanks Census Area, Alaska (FY 2027)
$1,327 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Southeast Fairbanks Census Area, and it's the baseline every voucher in Southeast Fairbanks is measured against.
Two-bedroom FMR
$1,327
+1.1% from FY 2026
Payment standard
$1,194–$1,460
90% to 110% of the FMR, two-bedroom
Income to afford
$53,080
a year, with rent at 30% of income
Rank in Alaska
19th 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 | $962 | $866–$1,058 | $38,480 | $18.50/hr | +2.1% |
| 1 bedroom | $1,219 | $1,097–$1,341 | $48,760 | $23.44/hr | +1.8% |
| 2 bedroom | $1,327 | $1,194–$1,460 | $53,080 | $25.52/hr | +1.1% |
| 3 bedroom | $1,837 | $1,653–$2,021 | $73,480 | $35.33/hr | +0.6% |
| 4 bedroom | $2,181 | $1,963–$2,399 | $87,240 | $41.94/hr | +0.9% |
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 Southeast Fairbanks actually rent for?
Search any address in Southeast Fairbanks 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 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 $1,194 and $1,460. 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 $53,080 a year to afford $1,327 a month. On a 40-hour week that's $26 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%$1,194 | Voucher pays at 100%$1,327 | Voucher pays at 110%$1,460 |
|---|---|---|---|---|
| $2,500 | $750 | $444 | $577 | $710 |
| $4,000 | $1,200 | $0 | $127 | $260 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($1,313) to FY 2027 ($1,327). Since FY 2020 it's up 2% in total, about 0.3% 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 | $911 | $1,102 | $1,297 | $1,871 | $1,951 | — |
| FY 2021 | $929 | $992 | $1,210 | $1,732 | $1,808 | -6.7% |
| FY 2022 | $927 | $933 | $1,228 | $1,744 | $1,955 | +1.5% |
| FY 2023 | $867 | $977 | $1,237 | $1,651 | $1,994 | +0.7% |
| FY 2024 | $922 | $1,083 | $1,309 | $1,708 | $2,168 | +5.8% |
| FY 2025 | $894 | $1,122 | $1,250 | $1,752 | $1,976 | -4.5% |
| FY 2026 | $942 | $1,198 | $1,313 | $1,826 | $2,162 | +5.0% |
| FY 2027In effect | $962 | $1,219 | $1,327 | $1,837 | $2,181 | +1.1% |
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 Southeast Fairbanks Census Area the five published rates run from $962 to $2,181, studio through four bedrooms.
Southeast Fairbanks is a nonmetro census area, so HUD sets its FMR from rents in the census area itself rather than a wider metro. The number applies census area-wide, from Fort Greely on out.
The state median two-bedroom FMR is $1,513. Southeast Fairbanks comes in at $1,327, about 12% below that, and ranks 19th of 30 in Alaska. Against the national median county ($1,063) it's about 25% above. Population is around 7,068.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 6 ZIP codes it covers in Southeast Fairbanks. Two-bedroom rates run from $1,190 in 99732 (Chicken) to $1,370 in 99737 (Delta Junction), a $180 spread inside one census area. Whether your housing authority uses the ZIP rate or the census area 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.
Nearby counties
Two-bedroom FMR, with how each compares to Southeast Fairbanks.
Copper River Census Area
138 mi · 2,626 people
$1,157
-13%
Fairbanks North Star Borough
145 mi · 95,460 people
$1,553
+17%
Denali Borough
179 mi · 1,969 people
$1,220
-8%
Chugach Census Area
235 mi · 6,862 people
$1,575
+19%
Matanuska-Susitna Borough
245 mi · 112,988 people
$1,293
-3%
Yukon-Koyukuk Census Area
286 mi · 5,195 people
$1,196
-10%
Anchorage Municipality
290 mi · 288,976 people
$1,529
+15%
Yakutat City and Borough
301 mi · 527 people
$1,577
+19%
Questions people ask
$1,327 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $962 for a studio, $1,219 for one bedroom, $1,837 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 Southeast Fairbanks actually go for?
HUD's number is one input. Search any address in Southeast Fairbanks for a rent estimate built from nearby comps. Free to start, no card.
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