Alaska · FIPS 02122 · HUD FY 2027
Kenai Peninsula Borough, Alaska Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Kenai Peninsula Borough is $1,390 a month (rent plus utilities), 9% below the Alaska average of $1,519 and 21% below the U.S. average of $1,761. That is up $78 (5.9%) from FY 2026. At 30% of income, a household needs about $55,600 a year to afford it.
- $1,3902-bedroom FMR+$78 (+5.9%) vs FY 2026
- $1,0631-bedroom FMRAlaska: $1,187 · U.S.: $1,478
- $55,600Income for a 2-bedroom$27/hour full-time
- 18 of 302BR rank in Alaska1 = highest rent
| Unit | Kenai Peninsula Borough FY 2027 | FY 2026 | Change | Alaska avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,056 | $993 | +$63 (+6.3%) | $1,098 | $1,379 | $42,240 |
| 1 bedroom | $1,063 | $1,000 | +$63 (+6.3%) | $1,187 | $1,478 | $42,520 |
| 2 bedrooms | $1,390 | $1,312 | +$78 (+5.9%) | $1,519 | $1,761 | $55,600 |
| 3 bedrooms | $1,925 | $1,825 | +$100 (+5.5%) | $2,070 | $2,266 | $77,000 |
| 4 bedrooms | $2,323 | $2,201 | +$122 (+5.5%) | $2,484 | $2,607 | $92,920 |
How Kenai Peninsula Borough compares
- Kenai Peninsula Borough is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Alaska, 2-bedroom FMRs run from $1,030 (Kusilvak Census Area) to $2,394 (Aleutians West Census Area).
- Studio to 4-bedroom: $1,056, $1,063, $1,390, $1,925, $2,323. 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 15 ZIP codes mostly in Kenai Peninsula Borough (by land area), the 2-bedroom figure ranges from $1,190 to $1,870.
Small Area FMRs by ZIP code in Kenai Peninsula Borough
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 99556 | $1,020 | $1,020 | $1,340 | $1,860 | $2,240 | +$60 (+4.7%) | 4% below |
| 99568 | $1,180 | $1,190 | $1,550 | $2,150 | $2,600 | +$110 (+7.6%) | 12% above |
| 99572 | $1,190 | $1,200 | $1,570 | $2,170 | $2,630 | +$80 (+5.4%) | 13% above |
| 99603 | $1,120 | $1,130 | $1,480 | $2,050 | $2,470 | +$70 (+5.0%) | 6% above |
| 99605 | $1,240 | $1,280 | $1,670 | $2,310 | $2,800 | +$140 (+9.2%) | 20% above |
| 99610 | $1,420 | $1,430 | $1,870 | $2,590 | $3,130 | +$310 (+19.9%) | 35% above |
| 99611 | $1,000 | $1,010 | $1,320 | $1,830 | $2,210 | +$70 (+5.6%) | 5% below |
| 99631 | $1,060 | $1,060 | $1,390 | $1,920 | $2,320 | +$80 (+6.1%) | same |
| 99635 | $1,060 | $1,060 | $1,390 | $1,920 | $2,320 | +$80 (+6.1%) | same |
| 99639 | $940 | $950 | $1,240 | $1,720 | $2,070 | +$110 (+9.7%) | 11% below |
| 99663 | $1,120 | $1,130 | $1,480 | $2,050 | $2,470 | +$350 (+31.0%) | 6% above |
| 99664 | $1,250 | $1,260 | $1,650 | $2,280 | $2,760 | +$90 (+5.8%) | 19% above |
| 99669 | $1,060 | $1,070 | $1,400 | $1,940 | $2,340 | +$70 (+5.3%) | 1% above |
| 99672 | $900 | $900 | $1,190 | $1,650 | $1,990 | +$60 (+5.3%) | 14% below |
| 99682 | $1,060 | $1,060 | $1,390 | $1,920 | $2,320 | +$80 (+6.1%) | same |
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.