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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ZIP 99571 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99571 (Cold Bay, AK) is $1,740 a month. That is up 25.2% from $1,390 in FY 2026. Cold Bay is in the Aleutians East 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 $1,400. Among 5 ZIP codes in Aleutians East Borough County, 99571 has the highest two-bedroom rent (county range $1,250–$1,740). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99571 is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99571
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,000
$1,260
+26.0%
$1,134–$1,386
1BR
$1,270
$1,600
+26.0%
$1,440–$1,760
2BR
$1,390
$1,740
+25.2%
$1,566–$1,914
3BR
$1,670
$2,070
+24.0%
$1,863–$2,277
4BR
$2,290
$2,860
+24.9%
$2,574–$3,146
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99571
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,600
$1,740
$2,070
$2,860
FY 2026
$1,000
$1,270
$1,390
$1,670
$2,290
FY 2025
$1,030
$1,300
$1,440
$1,730
$2,280
FY 2024area FMR
$957
$1,210
$1,358
$1,642
$2,077
FY 2023area FMR
$865
$937
$1,234
$1,502
$1,873
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Aleutians East Borough County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99571?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,400, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,260 to $1,540 a month; under the ZIP-level Small Area FMR of $1,740 it would be $1,566 to $1,914. 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 99571 in?
ZIP 99571 is in the Aleutians East Borough, AK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,400.
How much did fair market rent change in ZIP 99571 for FY 2027?
The two-bedroom FMR rose 25.2%, from $1,390 in FY 2026 to $1,740 in FY 2027. Since FY 2025 it has risen 20.8%.
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