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 99706 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99706 (Fairbanks, AK) is $1,510 a month. That is unchanged from FY 2026. Fairbanks is in the Southeast Fairbanks Census Area, 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 $1,327. Among 6 ZIP codes in Southeast Fairbanks Census Area County, 99706 has the highest two-bedroom rent (county range $1,190–$1,510).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99706
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,050
+1.9%
$945–$1,155
1BR
$1,220
$1,260
+3.3%
$1,134–$1,386
2BR
$1,510
$1,510
0.0%
$1,359–$1,661
3BR
$2,110
$2,100
−0.5%
$1,890–$2,310
4BR
$2,530
$2,540
+0.4%
$2,286–$2,794
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99706
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,260
$1,510
$2,100
$2,540
FY 2026
$1,030
$1,220
$1,510
$2,110
$2,530
FY 2025
$1,010
$1,140
$1,490
$2,100
$2,520
FY 2024
$1,120
$1,260
$1,650
$2,330
$2,800
FY 2023
$1,000
$1,130
$1,490
$2,120
$2,540
Two-bedroom rent in nearby Southeast Fairbanks Census Area County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99706?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,327, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,194 to $1,460 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 99706 in?
ZIP 99706 is in the Southeast Fairbanks Census Area, AK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,327.
How much did fair market rent change in ZIP 99706 for FY 2027?
The two-bedroom FMR was unchanged at $1,510 in FY 2027. Since FY 2023 it has risen 1.3%.
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