Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Nikolai, AK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nikolai, AK is $1,870 a month. That is up 2.7% from $1,820 in FY 2026. Nikolai is in the Yukon-Koyukuk Census Area, AK non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,196. The median county two-bedroom FMR in Alaska is $1,513, so Nikolai is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nikolai, AK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,590
$1,650
+3.8%
$1,485–$1,815
1BR
$1,610
$1,720
+6.8%
$1,548–$1,892
2BR
$1,820
$1,870
+2.7%
$1,683–$2,057
3BR
$2,180
$2,230
+2.3%
$2,007–$2,453
4BR
$2,410
$2,460
+2.1%
$2,214–$2,706
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nikolai, AK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,720
$1,870
$2,230
$2,460
FY 2026
$1,590
$1,610
$1,820
$2,180
$2,410
FY 2025
$1,040
$1,080
$1,210
$1,600
$1,800
FY 2024area FMR
$929
$955
$1,072
$1,453
$1,639
FY 2023area FMR
$829
$847
$957
$1,351
$1,453
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Nikolai, AK rents
How much will Section 8 pay for a two-bedroom in Nikolai, AK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,196, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,076 to $1,316 a month; under the ZIP-level Small Area FMR of $1,870 it would be $1,683 to $2,057. 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 Nikolai, AK in?
Nikolai, AK is in the Yukon-Koyukuk Census Area, AK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,196.
How much did fair market rent change in Nikolai, AK for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,820 in FY 2026 to $1,870 in FY 2027. Since FY 2025 it has risen 54.5%.
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