Fairbanks North Star Borough fair market rent FY 2027Alaska, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Fairbanks North Star Borough, Alaska is $1,553 a month, effective October 1, 2026: $1,081 for a studio, $1,187 for one bedroom, $2,150 for three and $2,596 for four. It is set for the Fairbanks-College, AK MSA. The FY 2026 two-bedroom FMR was $1,676 (-7.3%).
Fairbanks North Star Borough Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,081 | $1,156 | -6.5% | $972 to $1,189 |
| 1 bedroom | $1,187 | $1,277 | -7.0% | $1,068 to $1,305 |
| 2 bedrooms | $1,553 | $1,676 | -7.3% | $1,397 to $1,708 |
| 3 bedrooms | $2,150 | $2,331 | -7.8% | $1,935 to $2,365 |
| 4 bedrooms | $2,596 | $2,812 | -7.7% | $2,336 to $2,855 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Fairbanks North Star Borough compares
Fairbanks North Star Borough's two-bedroom FMR of $1,553 is the 13th highest of 30 counties in Alaska, where the county median is $1,513 and the range $1,030 to $2,394. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Fairbanks North Star Borough ranks 444th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Fairbanks-College, AK MSA it lists 15 ZIP codes, with two-bedroom Small Area FMRs from $1,510 to $2,250. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Alaska counties · Fair market rents in every state
More for Fairbanks North Star Borough
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Check a Fairbanks North Star Borough property
HeritageDeed does not search title records in Fairbanks North Star Borough yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Fairbanks North Star Borough fair market rent
What is the fair market rent in Fairbanks North Star Borough for FY 2027?
$1,081 for a studio, $1,187 for one bedroom, $1,553 for two, $2,150 for three and $2,596 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Fairbanks North Star Borough for FY 2026?
$1,156 for a studio, $1,277 for one bedroom, $1,676 for two, $2,331 for three and $2,812 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Fairbanks North Star Borough?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,397 to $1,708 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Fairbanks North Star Borough's fair market rent high for Alaska?
$1,553 for two bedrooms ranks 13th of 30 counties in Alaska; the state's county median is $1,513 (range $1,030 to $2,394) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/alaska/fairbanks-north-star-borough. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.