Fair Market Rent · Alaska
Fair Market Rent in Fairbanks North Star Borough, AK
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Fairbanks North Star Borough is $1,553 a month, -7.3% from FY2026. Fairbanks North Star Borough is part of the Fairbanks-College, AK MSA (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,081 | $1,156 | -6.5% | $973–1,189 |
| 1 bedroom | $1,187 | $1,277 | -7% | $1,068–1,306 |
| 2 bedrooms | $1,553 | $1,676 | -7.3% | $1,398–1,708 |
| 3 bedrooms | $2,150 | $2,331 | -7.8% | $1,935–2,365 |
| 4 bedrooms | $2,596 | $2,812 | -7.7% | $2,336–2,856 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Fairbanks North Star Borough
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 99702 | Eielson Afb | $2,160 | $2,009 | $2,089 |
| 99703 | Fort Wainwright | $2,250 | $2,134 | $2,239 |
| 99705 | North Pole | $1,580 | $1,575 | $1,506 |
| 99707 | Fairbanks | $1,550 | – | – |
| 99709 | Fairbanks | $1,510 | $1,469 | $1,337 |
| 99712 | Fairbanks | $1,510 | $1,592 | $1,288 |
| 99714 | Salcha | $1,580 | – | – |
| 99725 | Ester | $1,510 | – | – |
| 99775 | Fairbanks | $1,510 | – | $1,448 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.