FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 99928
0.80ratio
FMR$1,320
Market$1,650
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 99928
0.86ratio
FMR$1,730
Market$2,000
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 99928
1.03ratio
FMR$2,400
Market$2,320
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 99928
1.16ratio
FMR$2,890
Market$2,500
vs market+$390
FMR is above market; underwrite to market rent.
1.16
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Ward Cove, AK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ward Cove, AK is $1,730 a month. That is up 6.1% from $1,630 in FY 2026. Ward Cove is in the Ketchikan Gateway Borough, 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 $1,733. The median county two-bedroom FMR in Alaska is $1,513, so Ward Cove is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ward Cove, AK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,200
+7.1%
$1,080–$1,320
1BR
$1,240
$1,320
+6.5%
$1,188–$1,452
2BR
$1,630
$1,730
+6.1%
$1,557–$1,903
3BR
$2,270
$2,400
+5.7%
$2,160–$2,640
4BR
$2,730
$2,890
+5.9%
$2,601–$3,179
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ward Cove, AK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,200
$1,320
$1,730
$2,400
$2,890
FY 2026
$1,120
$1,240
$1,630
$2,270
$2,730
FY 2025
$1,060
$1,170
$1,540
$2,140
$2,590
FY 2024area FMR
$1,048
$1,177
$1,546
$2,140
$2,624
FY 2023area FMR
$905
$1,029
$1,354
$1,815
$2,306
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Ward Cove, AK rents
How much will Section 8 pay for a two-bedroom in Ward Cove, AK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,733, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,560 to $1,906 a month; under the ZIP-level Small Area FMR of $1,730 it would be $1,557 to $1,903. 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 Ward Cove, AK in?
Ward Cove, AK is in the Ketchikan Gateway Borough, AK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,733.
How much did fair market rent change in Ward Cove, AK for FY 2027?
The two-bedroom FMR rose 6.1%, from $1,630 in FY 2026 to $1,730 in FY 2027. Since FY 2025 it has risen 12.3%.
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