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AK/Fairbanks North Star Borough County/Fairbanks

Fairbanks, AK

CitySAFMR
Fairbanks North Star Borough County
Found 9 ZIPs
Zillow

City Median Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050 – $1,080$990 – $1,190
1 BR$1,150 – $1,260$1,150 – $1,300
2 BR$1,510 – $1,550$1,510 – $1,710
3 BR$2,100 – $2,150$1,800 – $2,370
4 BR$2,540 – $2,590$1,910 – $2,750
5 BR$2,921Not available
6 BR$3,359Not available
7 BR$3,863Not available
8 BR$4,442Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.57-1.06
1 BR
2
2
0.69-0.86
2 BR
2
0.67-0.90
3 BR
2
0.85-1.19
4 BR
1
1
1
1
1
1
0.89-1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Fairbanks, AK fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 9 ZIP codes in Fairbanks, AK ranges from $1,510 to $1,550 a month, with a median of $1,510. That is unchanged from FY 2026. Fairbanks is in the Fairbanks-College, AK MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,553.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Fairbanks, AK
BedroomsFY 2027Change90–110% range
Studio$1,050+1.0%$945–$1,155
1BR$1,150−4.2%$1,035–$1,265
2BR$1,5100.0%$1,359–$1,661
3BR$2,100−0.5%$1,890–$2,310
4BR$2,540+0.4%$2,286–$2,794

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Fairbanks, AK
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,150$1,510$2,100$2,540
FY 2026$1,040$1,200$1,510$2,110$2,530
FY 2025$1,030$1,140$1,500$2,100$2,520
FY 2024$1,120$1,260$1,650$2,330$2,800
FY 2023$960$1,090$1,435$2,040$2,445

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
99707$1,550+2.6%
99708$1,550+2.6%
99710$1,550+2.6%
99701$1,5100.0%
99706$1,5100.0%
99709$1,5100.0%
99712$1,5100.0%
99775$1,5100.0%
99790$1,5100.0%

Questions about Fairbanks, AK rents

How much will Section 8 pay for a two-bedroom in Fairbanks, AK?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,553, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,398 to $1,708 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Fairbanks, AK in?

Fairbanks, AK is in the Fairbanks-College, AK MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,553.

How much did fair market rent change in Fairbanks, AK for FY 2027?

The two-bedroom FMR was unchanged at $1,510 in FY 2027. Since FY 2023 it has risen 5.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAK statewide rentsWhat is SAFMR?Data sources