Alaska · FIPS 02150 · HUD FY 2027
Kodiak Island Borough, Alaska Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Kodiak Island Borough is $2,239 a month (rent plus utilities), 47% above the Alaska average of $1,519 and 27% above the U.S. average of $1,761. That is up $164 (7.9%) from FY 2026. At 30% of income, a household needs about $89,560 a year to afford it.
- $2,2392-bedroom FMR+$164 (+7.9%) vs FY 2026
- $1,7121-bedroom FMRAlaska: $1,187 · U.S.: $1,478
- $89,560Income for a 2-bedroom$43/hour full-time
- 2 of 302BR rank in Alaska1 = highest rent
| Unit | Kodiak Island Borough FY 2027 | FY 2026 | Change | Alaska avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,559 | $1,431 | +$128 (+8.9%) | $1,098 | $1,379 | $62,360 |
| 1 bedroom | $1,712 | $1,581 | +$131 (+8.3%) | $1,187 | $1,478 | $68,480 |
| 2 bedrooms | $2,239 | $2,075 | +$164 (+7.9%) | $1,519 | $1,761 | $89,560 |
| 3 bedrooms | $2,716 | $2,488 | +$228 (+9.2%) | $2,070 | $2,266 | $108,640 |
| 4 bedrooms | $2,943 | $2,747 | +$196 (+7.1%) | $2,484 | $2,607 | $117,720 |
How Kodiak Island Borough compares
- Kodiak Island Borough is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Alaska, 2-bedroom FMRs run from $1,030 (Kusilvak Census Area) to $2,394 (Aleutians West Census Area).
- Studio to 4-bedroom: $1,559, $1,712, $2,239, $2,716, $2,943. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Kodiak Island Borough (by land area), the 2-bedroom figure ranges from $1,870 to $2,270.
Small Area FMRs by ZIP code in Kodiak Island Borough
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 99550 | $1,580 | $1,740 | $2,270 | $2,750 | $2,980 | +$180 (+8.6%) | 1% above |
| 99608 | $1,580 | $1,740 | $2,270 | $2,750 | $2,980 | +$180 (+8.6%) | 1% above |
| 99615 | $1,580 | $1,740 | $2,270 | $2,750 | $2,980 | +$180 (+8.6%) | 1% above |
| 99624 | $1,580 | $1,740 | $2,270 | $2,750 | $2,980 | +$180 (+8.6%) | 1% above |
| 99643 | $1,290 | $1,430 | $1,870 | $2,240 | $2,480 | +$190 (+11.3%) | 16% below |
| 99644 | $1,560 | $1,710 | $2,240 | $2,720 | $2,940 | +$160 (+7.7%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.