Income Limits by County

FY2027 Fair Market Rent · Alaska

Lake and Peninsula Borough Fair Market Rent & Income Limits

HUD's FY2027 Fair Market Rent for a two-bedroom home in Lake and Peninsula Borough, AK is $1,050 a month, up 1.9% from FY2026. The area median family income is $72,600, and a family of four counts as low income up to $84,700 a year.

2-bedroom FMR$1,050per month ▲ 1.9%
Median family income$72,600FY2026 ▲ 2.3%
80% limit, 4 people$84,700low income

Fair Market Rent by unit size

FY2027 FY2026

Fair Market Rents are gross rents: rent plus the cost of all utilities except phone, cable and internet.

Check your household

Enter your household size and total yearly income before taxes to see which HUD income category it falls in for Lake and Peninsula Borough, AK.

Low income (80% limit)

A household of 4 earning $82,700 is under the 80% limit of $84,700 for this area. At 30% of income it could pay about $2,068 a month for rent and utilities.

This is a quick comparison with HUD's published limits, not an eligibility decision. Programs count income in their own ways and many have waiting lists; the local housing agency or property decides.

Income limits in Lake and Peninsula Borough

HUD's FY2026 income limits for Lake and Peninsula Borough, AK are based on a median family income of $72,600. Programs such as Housing Choice Vouchers, public housing and HOME use the 30%, 50% and 80% columns; Low-Income Housing Tax Credit properties use the 50% and 60% Multifamily Tax Subsidy Project limits.

FY2026 income limits by household size (yearly gross income)
PeopleExtremely low30% / povertyVery low50%60% (LIHTC)MTSPLow income80%
1$22,250$37,100$44,520$59,300
2$27,050$42,400$50,880$67,800
3$34,150$47,650$57,180$76,250
4$41,250$52,950$63,540$84,700
5$48,350$57,200$68,640$91,500
6$55,450$61,450$73,740$98,300
7$62,550$65,700$78,840$105,050
8$69,650$69,900$83,880$111,850

Rent history

Since FY2017 the two-bedroom FMR here has gone from $910 to $1,050, up 15.4% over ten years. HUD has published a two-bedroom FMR for this area since FY1994, when it was $699.

2-bedroom Fair Market Rent, 2001 to 2027$0$400$800$1,200$1,600200520102015202020252027$1,050FY2001: $763FY2002: $782FY2003: $803FY2004: $820FY2005: $939FY2006: $970FY2007: $1,004FY2008: $1,093FY2009: $1,120FY2010: $1,174FY2011: $1,143FY2012: $682FY2013: $686FY2014: $710FY2015: $739FY2016: $846FY2017: $910FY2018: $881FY2019: $892FY2020: $907FY2021: $826FY2022: $825FY2023: $863FY2024: $937FY2025: $970FY2026: $1,030FY2027: $1,050

What it takes to afford the rent

To keep a two-bedroom rent of $1,050 at no more than 30% of income, the usual affordability rule, a household needs about $42,000 a year. That is 58% of the area median family income of $72,600, so a typical family can afford it with room to spare.

Fair Market Rent by year (monthly gross rent incl. utilities)
UnitFY2027FY2026FY2025Income to affordat 30%
Studio$761$739$693$30,400
1 bedroom$909$894$826$36,400
2 bedrooms$1,050$1,030$970$42,000
3 bedrooms$1,444$1,391$1,359$57,800
4 bedrooms$1,755$1,596$1,533$70,200

How Lake and Peninsula Borough compares

Lake and Peninsula Borough is outside any metropolitan area, so HUD calculates a separate non-metro Fair Market Rent and income limits for the county itself.

Lake and Peninsula Borough has the 29th highest two-bedroom Fair Market Rent of the 30 counties in Alaska; the population-weighted average across Alaska is $1,519 and the nationwide average is $1,751.

Kusilvak Census Area $1,030Copper River Census Area $1,157Yukon-Koyukuk Census Area $1,196Denali Borough $1,220Bristol Bay Borough $1,269Prince of Wales-Hyder Census Area $1,269

All 30 counties in Alaska →

Small Area FMRs by ZIP code

HUD also publishes Small Area Fair Market Rents for each ZIP code. In Lake and Peninsula Borough the two-bedroom figure ranges from $1,050 to $1,640 across 14 ZIP codes, against the area-wide $1,050. This area is not on HUD's list of mandatory Small Area FMR areas, so most agencies here use the area-wide FMR; an agency may still opt in to ZIP-level rents.

ZIPPlace2 BR SAFMR110% payment std.
99640Nondalton$1,640$1,804
99613King Salmon$1,240$1,364
99606Iliamna$1,240$1,364
99548Chignik Lake$1,050$1,155
99549Port Heiden$1,050$1,155
99564Chignik$1,050$1,155
99565Chignik Lagoon$1,050$1,155
99579Egegik$1,050$1,155
99625Levelock$1,050$1,155
99647Pedro Bay$1,050$1,155
99648Perryville$1,050$1,155
99649Pilot Point$1,050$1,155
99653Port Alsworth$1,050$1,155
99695Anchorage$1,050$1,155

Questions

What is the Fair Market Rent in Lake and Peninsula Borough, AK for 2027?

For FY2027 (October 1, 2026 to September 30, 2027) HUD's Fair Market Rents in Lake and Peninsula Borough, AK are $761 for a studio, $909 for one bedroom, $1,050 for two bedrooms, $1,444 for three and $1,755 for four bedrooms, per month including utilities.

What is the area median income in Lake and Peninsula Borough, AK?

HUD's FY2026 median family income for the area is $72,600, up 2.3% from $71,000 in FY2025.

What is 80% of AMI in Lake and Peninsula Borough, AK for a family of 4?

The FY2026 low-income limit (80%) for a household of four is $84,700 a year. The very low-income limit (50%) is $52,950 and the extremely low-income limit is $41,250.

What is the 60% AMI limit for tax credit housing in Lake and Peninsula Borough, AK?

Under HUD's FY2026 Multifamily Tax Subsidy Project limits, the 60% limit is $44,520 for one person and $63,540 for four.

Is the Fair Market Rent the same as the Section 8 payment standard?

No. Housing agencies set their payment standard between 90% and 110% of the FMR (for a two-bedroom here: $945 to $1,155), and can ask HUD for exceptions. Check the payment standard with your local housing agency.