For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99506 (Jber, AK) is $2,060 a month. That is down 7.2% from $2,220 in FY 2026. Jber is in the Anchorage, AK HUD Metro 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 metro-wide two-bedroom FMR of $1,529. Among 28 ZIP codes in Anchorage Municipality County, 99506 has the 2nd-highest two-bedroom rent (county range $1,470–$2,290). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99506 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99506
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,570
$1,480
−5.7%
$1,332–$1,628
1BR
$1,690
$1,570
−7.1%
$1,413–$1,727
2BR
$2,220
$2,060
−7.2%
$1,854–$2,266
3BR
$3,090
$2,850
−7.8%
$2,565–$3,135
4BR
$3,720
$3,440
−7.5%
$3,096–$3,784
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99506
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,570
$2,060
$2,850
$3,440
FY 2026
$1,570
$1,690
$2,220
$3,090
$3,720
FY 2025
$1,510
$1,650
$2,160
$3,030
$3,630
FY 2024
$1,380
$1,540
$2,020
$2,850
$3,430
FY 2023
$1,320
$1,460
$1,920
$2,730
$3,270
Two-bedroom rent in nearby Anchorage Municipality County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99506?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,529, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,376 to $1,682 a month; under the ZIP-level Small Area FMR of $2,060 it would be $1,854 to $2,266. 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 ZIP 99506 in?
ZIP 99506 is in the Anchorage, AK HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,529.
How much did fair market rent change in ZIP 99506 for FY 2027?
The two-bedroom FMR fell 7.2%, from $2,220 in FY 2026 to $2,060 in FY 2027. Since FY 2023 it has risen 7.3%.
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