Metro FMR area · AK · HUD FY 2027

Fairbanks-College, AK Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Fairbanks-College, AK area is $1,553 a month, 2% above the Alaska average and 12% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 15 ZIP codes range from $1,510 to $2,250.

$1,5532-bedroom FMR−$123 (−7.3%) vs FY 2026
$1,1871-bedroom FMRU.S.: $1,478
$62,120Income for a 2-bedroomat 30% of income
95,460Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,553/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Fairbanks-College, AK FMR	$1,553	$62,120	–
Alaska average	$1,519	$60,770	–
U.S. average	$1,761	$70,432	–

Fairbanks-College, AK Fair Market Rents, FY 2027 vs FY 2026
Unit	Fairbanks-College, AK FY 2027	FY 2026	Change	Alaska avg	U.S. avg	Income needed
Studio	$1,081	$1,156	−$75 (−6.5%)	$1,098	$1,379	$43,240
1 bedroom	$1,187	$1,277	−$90 (−7.0%)	$1,187	$1,478	$47,480
2 bedrooms	$1,553	$1,676	−$123 (−7.3%)	$1,519	$1,761	$62,120
3 bedrooms	$2,150	$2,331	−$181 (−7.8%)	$2,070	$2,266	$86,000
4 bedrooms	$2,596	$2,812	−$216 (−7.7%)	$2,484	$2,607	$103,840

Counties in this FMR area

Counties in the Fairbanks-College, AK FMR area
County	Residents in area
Fairbanks North Star Borough, AK	95,460

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,510.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Fairbanks-College, AK
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
99701	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99702	$1,500	$1,650	$2,160	$2,990	$3,610	−$160 (−6.9%)	39% above
99703	$1,570	$1,720	$2,250	$3,120	$3,760	−$180 (−7.4%)	45% above
99705	$1,100	$1,210	$1,580	$2,190	$2,640	−$130 (−7.6%)	2% above
99706	$1,050	$1,260	$1,510	$2,100	$2,540	no change	3% below
99707	$1,080	$1,180	$1,550	$2,150	$2,590	−$130 (−7.7%)	about the same as
99708	$1,080	$1,180	$1,550	$2,150	$2,590	−$130 (−7.7%)	about the same as
99709	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99710	$1,080	$1,180	$1,550	$2,150	$2,590	−$130 (−7.7%)	about the same as
99712	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99714	$1,100	$1,290	$1,580	$2,210	$2,650	−$170 (−9.7%)	2% above
99725	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99760	$1,080	$1,150	$1,510	$2,100	$2,540	no change	3% below
99775	$1,050	$1,150	$1,510	$2,100	$2,540	−$70 (−4.4%)	3% below
99790	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below

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).

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.