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Fairbanks North Star Borough County/North Pole/99705

99705

ZIPSAFMR
Fairbanks North Star Borough County, AK
Zillow

ZIP Investment Score

95Above average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,210$1,330
2 BR$1,580$1,740
3 BR$2,190$2,410
4 BR$2,640$2,730
5 BR$3,036Not available
6 BR$3,491Not available
7 BR$4,015Not available
8 BR$4,617Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,580
Market rent$2,140
Est. payment standard (110%)Used$1,740
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.55
1 BR
0.70
2 BR
0.74
3 BR
0.86
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 99705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99705 (North Pole, AK) is $1,580 a month. That is down 7.6% from $1,710 in FY 2026. North Pole is in the Fairbanks-College, AK MSA. 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 $1,553. Among 12 ZIP codes in Fairbanks North Star Borough County, 99705 is tied for the 3rd-highest two-bedroom rent (county range $1,510–$2,250). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99705 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99705
BedroomsFY 2027Change90–110% range
Studio$1,100−6.8%$990–$1,210
1BR$1,210−6.9%$1,089–$1,331
2BR$1,580−7.6%$1,422–$1,738
3BR$2,190−8.0%$1,971–$2,409
4BR$2,640−8.0%$2,376–$2,904

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,210$1,580$2,190$2,640
FY 2026$1,180$1,300$1,710$2,380$2,870
FY 2025$1,160$1,290$1,690$2,370$2,840
FY 2024$1,100$1,240$1,630$2,300$2,770
FY 2023$970$1,100$1,450$2,060$2,470

Two-bedroom rent in nearby Fairbanks North Star Borough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99705
99701$1,510−4.4%
99702$2,160+36.7%
99703$2,250+42.4%
99705Current$1,580—
99707$1,550−1.9%
99708$1,550−1.9%
99709$1,510−4.4%
99710$1,550−1.9%
99712$1,510−4.4%
99714$1,5800.0%
99725$1,510−4.4%
99775$1,510−4.4%

Questions about ZIP 99705 rents

How much will Section 8 pay for a two-bedroom in ZIP 99705?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,553, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,398 to $1,708 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 99705 in?

ZIP 99705 is in the Fairbanks-College, AK MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,553.

How much did fair market rent change in ZIP 99705 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,710 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 9.0%.

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

County fair market rentNorth Pole, AK fair market rentAK statewide rentsWhat is SAFMR?Data sources