Alaska · FIPS 02090 · HUD FY 2027

Fairbanks North Star Borough, Alaska Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Fairbanks North Star Borough is $1,553 a month (rent plus utilities), 2% above the Alaska average of $1,519 and 12% below the U.S. average of $1,761. That is down $123 (7.3%) from FY 2026. At 30% of income, a household needs about $62,120 a year to afford it.

$1,5532-bedroom FMR−$123 (−7.3%) vs FY 2026
$1,1871-bedroom FMRAlaska: $1,187 · U.S.: $1,478
$62,120Income for a 2-bedroom$30/hour full-time
13 of 302BR rank in Alaska1 = highest rent

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,553/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Fairbanks North Star Borough FMR	$1,553	$62,120	–
Alaska average	$1,519	$60,770	–
U.S. average	$1,761	$70,432	–

Fairbanks North Star Borough Fair Market Rents, FY 2027 vs FY 2026, with state and U.S. averages
Unit	Fairbanks North Star Borough FY 2027	FY 2026	Change	Alaska avg	U.S. avg	Income needed
Studio	$1,081	$1,156	−$75 (−6.5%)	$1,098	$1,379	$43,240
1 bedroom	$1,187	$1,277	−$90 (−7.0%)	$1,187	$1,478	$47,480
2 bedrooms	$1,553	$1,676	−$123 (−7.3%)	$1,519	$1,761	$62,120
3 bedrooms	$2,150	$2,331	−$181 (−7.8%)	$2,070	$2,266	$86,000
4 bedrooms	$2,596	$2,812	−$216 (−7.7%)	$2,484	$2,607	$103,840

How Fairbanks North Star Borough compares

HUD sets this rent for the Fairbanks-College, AK metro FMR area, which covers 95,460 residents in 1 county.
Across Alaska, 2-bedroom FMRs run from $1,030 (Kusilvak Census Area) to $2,394 (Aleutians West Census Area).
Studio to 4-bedroom: $1,081, $1,187, $1,553, $2,150, $2,596. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
HUD also publishes ZIP-level Small Area FMRs. For the 9 ZIP codes mostly in Fairbanks North Star Borough (by land area), the 2-bedroom figure ranges from $1,510 to $2,250.

Small Area FMRs by ZIP code in Fairbanks North Star Borough

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, ZIP codes in Fairbanks North Star Borough
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
99702	$1,500	$1,650	$2,160	$2,990	$3,610	−$160 (−6.9%)	39% above
99703	$1,570	$1,720	$2,250	$3,120	$3,760	−$180 (−7.4%)	45% above
99705	$1,100	$1,210	$1,580	$2,190	$2,640	−$130 (−7.6%)	2% above
99707	$1,080	$1,180	$1,550	$2,150	$2,590	−$130 (−7.7%)	about the same as
99709	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99712	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99714	$1,100	$1,290	$1,580	$2,210	$2,650	−$170 (−9.7%)	2% above
99725	$1,050	$1,150	$1,510	$2,100	$2,540	no change	3% below
99775	$1,050	$1,150	$1,510	$2,100	$2,540	−$70 (−4.4%)	3% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.

All Alaska counties · How HUD sets these rents