Alaska (AK)

STATESAFMR

Found 260 ZIPs

State Median Investment Score

79Below average

095130300

BR	Rent	3Y CAGR
0 BR	$746 - $1,738Median: $1,081	3.1%
1 BR	$824 - $1,830Median: $1,169	2.4%
2 BR	$1,030 - $2,394Median: $1,521	2.1%
3 BR	$1,416 - $2,852Median: $1,925	1.6%
4 BR	$1,693 - $3,146Median: $2,542	3.5%

Market Alignment

Studio

Studio- 6 ZIPs

0.54-0.63ratio range

Median FMR$1,088

Median Market$1,915

vs market-$827

FMR is below market; voucher rent may lag private rents.

Studio- 2 ZIPs

0.68ratio range

Median FMR$1,095

Median Market$1,605

vs market-$510

FMR is below market; voucher rent may lag private rents.

Studio- 3 ZIPs

0.69-0.71ratio range

Median FMR$1,056

Median Market$1,490

vs market-$434

FMR is below market; voucher rent may lag private rents.

Studio- 6 ZIPs

0.73-0.77ratio range

Median FMR$1,005

Median Market$1,355

vs market-$350

FMR is below market; voucher rent may lag private rents.

Studio- 1 ZIP

0.78ratio

FMR$1,095

Market$1,410

vs market-$315

FMR is below market; voucher rent may lag private rents.

Studio- 6 ZIPs

0.82-0.85ratio range

Median FMR$1,095

Median Market$1,320

vs market-$225

FMR is below market; voucher rent may lag private rents.

Studio- 4 ZIPs

0.86-0.90ratio range

Median FMR$1,095

Median Market$1,230

vs market-$135

FMR is below market; voucher rent may lag private rents.

Studio- 5 ZIPs

0.90-0.94ratio range

Median FMR$1,081

Median Market$1,170

vs market-$89

FMR is near market; voucher and private rents are aligned.

Studio- 1 ZIP

0.96ratio

FMR$1,095

Market$1,140

vs market-$45

FMR is near market; voucher and private rents are aligned.

Studio- 1 ZIP

1.00ratio

FMR$1,095

Market$1,090

vs market+$5

FMR is near market; voucher and private rents are aligned.

Studio- 1 ZIP

1.09ratio

FMR$1,081

Market$990

vs market+$91

FMR is near market; voucher and private rents are aligned.

0.54-1.09

1 BR

1 BR- 2 ZIPs

0.63-0.64ratio range

Median FMR$1,169

Median Market$1,840

vs market-$671

FMR is below market; voucher rent may lag private rents.

1 BR- 4 ZIPs

0.66-0.68ratio range

Median FMR$1,026

Median Market$1,530

vs market-$505

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.69-0.71ratio range

Median FMR$1,169

Median Market$1,665

vs market-$496

FMR is below market; voucher rent may lag private rents.

1 BR- 6 ZIPs

0.74-0.75ratio range

Median FMR$1,169

Median Market$1,570

vs market-$401

FMR is below market; voucher rent may lag private rents.

1 BR- 8 ZIPs

0.77-0.80ratio range

Median FMR$1,169

Median Market$1,500

vs market-$331

FMR is below market; voucher rent may lag private rents.

1 BR- 3 ZIPs

0.83ratio range

Median FMR$1,169

Median Market$1,410

vs market-$241

FMR is below market; voucher rent may lag private rents.

1 BR- 4 ZIPs

0.88-0.89ratio range

Median FMR$1,178

Median Market$1,330

vs market-$152

FMR is below market; voucher rent may lag private rents.

1 BR- 1 ZIP

0.91ratio

FMR$1,169

Market$1,280

vs market-$111

FMR is near market; voucher and private rents are aligned.

0.63-0.91

2 BR

2 BR- 2 ZIPs

0.57-0.62ratio range

Median FMR$1,529

Median Market$2,560

vs market-$1,031

FMR is below market; voucher rent may lag private rents.

2 BR- 2 ZIPs

0.66-0.67ratio range

Median FMR$1,423

Median Market$2,145

vs market-$722

FMR is below market; voucher rent may lag private rents.

2 BR- 5 ZIPs

0.72-0.73ratio range

Median FMR$1,529

Median Market$2,120

vs market-$591

FMR is below market; voucher rent may lag private rents.

2 BR- 2 ZIPs

0.74-0.77ratio range

Median FMR$1,472

Median Market$1,955

vs market-$484

FMR is below market; voucher rent may lag private rents.

2 BR- 8 ZIPs

0.77-0.81ratio range

Median FMR$1,529

Median Market$1,880

vs market-$351

FMR is below market; voucher rent may lag private rents.

2 BR- 8 ZIPs

0.83-0.85ratio range

Median FMR$1,529

Median Market$1,800

vs market-$271

FMR is below market; voucher rent may lag private rents.

2 BR- 7 ZIPs

0.86-0.89ratio range

Median FMR$1,529

Median Market$1,780

vs market-$251

FMR is below market; voucher rent may lag private rents.

2 BR- 1 ZIP

0.90ratio

FMR$1,553

Market$1,720

vs market-$167

FMR is near market; voucher and private rents are aligned.

2 BR- 2 ZIPs

0.96ratio range

Median FMR$1,411

Median Market$1,470

vs market-$59

FMR is near market; voucher and private rents are aligned.

2 BR- 1 ZIP

0.98ratio

FMR$1,529

Market$1,560

vs market-$31

FMR is near market; voucher and private rents are aligned.

0.57-0.98

3 BR

3 BR- 1 ZIP

0.67ratio

FMR$2,117

Market$3,180

vs market-$1,063

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.72ratio

FMR$2,117

Market$2,930

vs market-$813

FMR is below market; voucher rent may lag private rents.

3 BR- 5 ZIPs

0.74-0.77ratio range

Median FMR$2,117

Median Market$2,780

vs market-$663

FMR is below market; voucher rent may lag private rents.

3 BR- 3 ZIPs

0.79ratio range

Median FMR$1,790

Median Market$2,270

vs market-$480

FMR is below market; voucher rent may lag private rents.

3 BR- 7 ZIPs

0.82-0.86ratio range

Median FMR$2,117

Median Market$2,530

vs market-$413

FMR is below market; voucher rent may lag private rents.

3 BR- 4 ZIPs

0.86-0.90ratio range

Median FMR$2,134

Median Market$2,425

vs market-$292

FMR is below market; voucher rent may lag private rents.

3 BR- 5 ZIPs

0.91-0.93ratio range

Median FMR$2,117

Median Market$2,270

vs market-$153

FMR is near market; voucher and private rents are aligned.

3 BR- 6 ZIPs

0.95-0.96ratio range

Median FMR$2,134

Median Market$2,235

vs market-$102

FMR is near market; voucher and private rents are aligned.

3 BR- 1 ZIP

1.01ratio

FMR$1,925

Market$1,900

vs market+$25

FMR is near market; voucher and private rents are aligned.

3 BR- 1 ZIP

1.03ratio

FMR$2,400

Market$2,320

vs market+$80

FMR is near market; voucher and private rents are aligned.

3 BR- 2 ZIPs

1.10-1.12ratio range

Median FMR$2,152

Median Market$1,940

vs market+$212

FMR is above market; underwrite to market rent.

3 BR- 1 ZIP

1.19ratio

FMR$2,150

Market$1,800

vs market+$350

FMR is above market; underwrite to market rent.

3 BR- 1 ZIP

1.30ratio

FMR$1,790

Market$1,380

vs market+$410

FMR is above market; underwrite to market rent.

0.67-1.30

4 BR

4 BR- 1 ZIP

0.70ratio

FMR$2,556

Market$3,670

vs market-$1,114

FMR is below market; voucher rent may lag private rents.

4 BR- 2 ZIPs

0.75-0.76ratio range

Median FMR$2,359

Median Market$3,115

vs market-$757

FMR is below market; voucher rent may lag private rents.

4 BR- 6 ZIPs

0.79-0.81ratio range

Median FMR$2,556

Median Market$3,140

vs market-$584

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.82ratio

FMR$2,161

Market$2,630

vs market-$469

FMR is below market; voucher rent may lag private rents.

4 BR- 3 ZIPs

0.88-0.89ratio range

Median FMR$2,556

Median Market$2,880

vs market-$324

FMR is below market; voucher rent may lag private rents.

4 BR- 5 ZIPs

0.90-0.94ratio range

Median FMR$2,596

Median Market$2,800

vs market-$204

FMR is near market; voucher and private rents are aligned.

4 BR- 5 ZIPs

0.94-0.96ratio range

Median FMR$2,556

Median Market$2,680

vs market-$124

FMR is near market; voucher and private rents are aligned.

4 BR- 2 ZIPs

0.99-1.01ratio range

Median FMR$2,576

Median Market$2,575

vs market+$1

FMR is near market; voucher and private rents are aligned.

4 BR- 2 ZIPs

1.05-1.06ratio range

Median FMR$2,460

Median Market$2,340

vs market+$120

FMR is near market; voucher and private rents are aligned.

4 BR- 3 ZIPs

1.06-1.10ratio range

Median FMR$2,596

Median Market$2,410

vs market+$186

FMR is near market; voucher and private rents are aligned.

4 BR- 2 ZIPs

1.16-1.19ratio range

Median FMR$2,610

Median Market$2,225

vs market+$385

FMR is above market; underwrite to market rent.

4 BR- 2 ZIPs

1.21ratio range

Median FMR$2,323

Median Market$1,920

vs market+$403

FMR is above market; underwrite to market rent.

4 BR- 1 ZIP

1.28ratio

FMR$2,889

Market$2,260

vs market+$629

FMR is above market; underwrite to market rent.

4 BR- 1 ZIP

1.30ratio

FMR$2,596

Market$1,990

vs market+$606

FMR is above market; underwrite to market rent.

4 BR- 2 ZIPs

1.36ratio range

Median FMR$2,379

Median Market$1,750

vs market+$629

FMR is above market; underwrite to market rent.

0.70-1.36

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Alaska.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Counties

Ranked by Investment Score (vs state median)

1Yukon-Koyukuk Census Area County

12963.6%

2North Slope Borough County

12963.6%

3Bethel Census Area County

12963.6%

4Northwest Arctic Borough County

12963.6%

5Kodiak Island Borough County

12963.6%

6Yakutat City and Borough

11343.8%

7Hoonah-Angoon Census Area County

10330.9%

8Fairbanks North Star Borough County

9925.6%

9Nome Census Area County

801.3%

10Kenai Peninsula Borough County

781.7%

11Chugach Census Area County

772.9%

12Anchorage Municipality County

737.9%

13Prince of Wales-Hyder Census Area County

738.0%

14Southeast Fairbanks Census Area County

728.2%

15Dillingham Census Area County

728.5%

16Aleutians West Census Area County

728.7%

17Petersburg Borough County

6813.5%

18Matanuska-Susitna Borough County

6813.7%

19Wrangell City and Borough

6714.5%

20Copper River Census Area County

6517.5%

21Bristol Bay Borough County

6319.7%

22Juneau City and Borough

6320.3%

23Haines Borough County

6024.2%

24Skagway Municipality County

5825.9%

25Sitka City and Borough

5529.7%

26Kusilvak Census Area County

4148.5%

County map

Loading map

Alaska fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 30 counties in Alaska. The median county two-bedroom FMR is $1,513. That is up 6.2% from $1,424 in FY 2026. Two-bedroom FMRs run from $1,030 in Kusilvak Census Area County to $2,394 in Aleutians West Census Area County. 3 HUD metropolitan FMR areas cover 3 of those counties; each county in the same metro area shares one FMR. No area in Alaska is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Alaska
County	2BR	Change	HUD FMR area
Aleutians West Census Area County	$2,394	+9.3%	Non-metro
Kodiak Island Borough County	$2,239	+7.9%	Non-metro
Northwest Arctic Borough County	$2,005	+3.9%	Non-metro
Bethel Census Area County	$1,971	+1.7%	Non-metro
Juneau City and Borough	$1,807	+2.8%	Non-metro
Ketchikan Gateway Borough County	$1,733	+6.6%	Non-metro
Nome Census Area County	$1,638	+6.8%	Non-metro
Sitka City and Borough	$1,622	+3.6%	Non-metro
Skagway Municipality County	$1,611	−2.0%	Non-metro
Yakutat City and Borough	$1,577	+13.6%	Non-metro
Chugach Census Area County	$1,575	+4.6%	Non-metro
Hoonah-Angoon Census Area County	$1,566	+7.3%	Non-metro
Fairbanks North Star Borough County	$1,553	−7.3%	Fairbanks-College, AK MSA
Anchorage Municipality County	$1,529	−6.3%	Anchorage, AK HUD Metro FMR Area
North Slope Borough County	$1,521	−6.4%	Non-metro
Petersburg Borough County	$1,504	+2.8%	Non-metro
Aleutians East Borough County	$1,400	+1.1%	Non-metro
Kenai Peninsula Borough County	$1,390	+5.9%	Non-metro
Southeast Fairbanks Census Area County	$1,327	+1.1%	Non-metro
Haines Borough County	$1,315	−0.5%	Non-metro
Dillingham Census Area County	$1,295	+3.8%	Non-metro
Wrangell City and Borough	$1,295	+6.4%	Non-metro
Matanuska-Susitna Borough County	$1,293	−6.0%	Matanuska-Susitna Borough, AK HUD Metro FMR Area
Bristol Bay Borough County	$1,269	+2.1%	Non-metro
Prince of Wales-Hyder Census Area County	$1,269	+10.1%	Non-metro
Denali Borough County	$1,220	+2.8%	Non-metro
Yukon-Koyukuk Census Area County	$1,196	+6.2%	Non-metro
Copper River Census Area County	$1,157	+2.4%	Non-metro
Lake and Peninsula Borough County	$1,050	+1.9%	Non-metro
Kusilvak Census Area County	$1,030	+5.9%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Alaska
Metro area	Counties	2BR
Fairbanks-College, AK MSA	1	$1,553
Anchorage, AK HUD Metro FMR Area	1	$1,529
Matanuska-Susitna Borough, AK HUD Metro FMR Area	1	$1,293

Questions about Alaska rents

What is the fair market rent in Alaska?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Alaska is $1,513. Look up the county or ZIP code to see the value that applies to a specific property.

Which Alaska counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Aleutians West Census Area County ($2,394), Kodiak Island Borough County ($2,239), Northwest Arctic Borough County ($2,005).

Does Alaska use Small Area Fair Market Rents?

No area in Alaska is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Alaska counties Alaska cities Alaska ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027