FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR
0.86ratio
FMR$1,150
Market$1,330
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.79ratio
FMR$1,510
Market$1,920
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
0.88ratio
FMR$2,100
Market$2,390
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.89ratio
FMR$2,540
Market$2,870
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.89
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
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ZIP 99775 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99775 (Fairbanks, AK) is $1,510 a month. That is down 4.4% from $1,580 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, 99775 is tied for the 8th-highest two-bedroom rent (county range $1,510–$2,250).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99775
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,050
−3.7%
$945–$1,155
1BR
$1,200
$1,150
−4.2%
$1,035–$1,265
2BR
$1,580
$1,510
−4.4%
$1,359–$1,661
3BR
$2,200
$2,100
−4.5%
$1,890–$2,310
4BR
$2,650
$2,540
−4.2%
$2,286–$2,794
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99775
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,150
$1,510
$2,100
$2,540
FY 2026
$1,090
$1,200
$1,580
$2,200
$2,650
FY 2025
$1,040
$1,160
$1,520
$2,130
$2,550
FY 2024
$1,000
$1,120
$1,470
$2,070
$2,490
FY 2023
$810
$920
$1,210
$1,720
$2,060
Two-bedroom rent in nearby Fairbanks North Star Borough County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99775?
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 $1,510 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 99775 in?
ZIP 99775 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 99775 for FY 2027?
The two-bedroom FMR fell 4.4%, from $1,580 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 24.8%.
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