FY2027 Small Area FMR · Iliamna, AK

ZIP 99606 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99606 (Iliamna, AK) is $1,240 a month, unchanged from FY2026. That is 18% above the Lake and Peninsula Borough, AK area-wide FMR of $1,050.

2-bedroom SAFMR$1,240per month ■ 0.0%

Area-wide 2 BR FMR$1,050Lake and Peninsula Borough,

Rank in the area2ndof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$900▲ 1.1%

1 BR$1,130▲ 0.9%

2 BR$1,240■ 0.0%

3 BR$1,720■ 0.0%

4 BR$2,040▲ 1.0%

FY2027 FY2026

Where 99606 sits in the Lake and Peninsula Borough, AK area

Of the 14 ZIP codes HUD lists for the area, 99606 has the 2nd highest two-bedroom Small Area FMR. Lake and Peninsula Borough, AK is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,050 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,240 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$900	$810 – $990	$761	$890
1 bedroom	$1,130	$1,017 – $1,243	$909	$1,120
2 bedrooms	$1,240	$1,116 – $1,364	$1,050	$1,240
3 bedrooms	$1,720	$1,548 – $1,892	$1,444	$1,720
4 bedrooms	$2,040	$1,836 – $2,244	$1,755	$2,020

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 a year to keep housing costs at 30% of income. The area median family income is $72,600 and the 80% low-income limit for four people is $84,700. ZIP code 99606 lies mainly in Lake and Peninsula Borough. See the Lake and Peninsula Borough, AK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
99647	Pedro Bay	16.7 mi	$1,050
99653	Port Alsworth	25.0 mi	$1,050
99640	Nondalton	33.1 mi	$1,640
99613	King Salmon	74.7 mi	$1,240
99557	Aniak	119.6 mi	$1,870

Questions

What is the Fair Market Rent for ZIP code 99606?

HUD's FY2027 Small Area Fair Market Rents for 99606 are $900 (studio), $1,130 (1 BR), $1,240 (2 BR), $1,720 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 99606?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99606 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99606?

The FY2026 income limits of the Lake and Peninsula Borough, AK area apply: median family income $72,600, low-income (80%) limit $84,700 for a family of four.