FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR
0.69ratio
FMR$1,180
Market$1,700
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR
0.67ratio
FMR$1,550
Market$2,330
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.67
3 BR
3 BR
0.85ratio
FMR$2,150
Market$2,530
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR
0.93ratio
FMR$2,590
Market$2,800
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.93
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 99707 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99707 (Fairbanks, AK) is $1,550 a month. That is down 7.7% from $1,680 in FY 2026. Fairbanks 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, 99707 is tied for the 5th-highest two-bedroom rent (county range $1,510–$2,250). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99707 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99707
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,160
$1,080
−6.9%
$972–$1,188
1BR
$1,280
$1,180
−7.8%
$1,062–$1,298
2BR
$1,680
$1,550
−7.7%
$1,395–$1,705
3BR
$2,340
$2,150
−8.1%
$1,935–$2,365
4BR
$2,820
$2,590
−8.2%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99707
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,180
$1,550
$2,150
$2,590
FY 2026
$1,160
$1,280
$1,680
$2,340
$2,820
FY 2025
$1,150
$1,270
$1,670
$2,340
$2,800
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 Fairbanks North Star Borough County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99707?
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 $1,550 it would be $1,395 to $1,705. 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 99707 in?
ZIP 99707 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 99707 for FY 2027?
The two-bedroom FMR fell 7.7%, from $1,680 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 4.0%.
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