FY2027 Small Area FMR · Sterling, AK

ZIP 99672 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99672 (Sterling, AK) is $1,190 a month, up 5.3% from FY2026. That is 14% below the Kenai Peninsula Borough, AK area-wide FMR of $1,390.

2-bedroom SAFMR$1,190per month ▲ 5.3%

Area-wide 2 BR FMR$1,390Kenai Peninsula Borough, AK

Rank in the area15thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,071

2 BR Small Area FMR$1,190

110% of SAFMR$1,309

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

Studio$900▲ 5.9%

1 BR$900▲ 4.7%

2 BR$1,190▲ 5.3%

3 BR$1,650▲ 4.4%

4 BR$1,990▲ 5.3%

FY2027 FY2026

Where 99672 sits in the Kenai Peninsula Borough, AK area

Of the 15 ZIP codes HUD lists for the area, 99672 has the 15th highest two-bedroom Small Area FMR. Kenai 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 $1,390 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,190 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	$1,056	$850
1 bedroom	$900	$810 – $990	$1,063	$860
2 bedrooms	$1,190	$1,071 – $1,309	$1,390	$1,130
3 bedrooms	$1,650	$1,485 – $1,815	$1,925	$1,580
4 bedrooms	$1,990	$1,791 – $2,189	$2,323	$1,890

A household renting a two-bedroom home at the Small Area FMR of $1,190 needs about $47,600 a year to keep housing costs at 30% of income. The area median family income is $110,100 and the 80% low-income limit for four people is $88,100. ZIP code 99672 lies mainly in Kenai Peninsula Borough. See the Kenai Peninsula Borough, AK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
99611	Kenai	19.2 mi	$1,320
99635	Nikiski	22.2 mi	$1,390
99572	Cooper Landing	27.6 mi	$1,570
99669	Soldotna	30.1 mi	$1,400
99610	Kasilof	33.2 mi	$1,870
99515	Anchorage	35.3 mi	$1,790

Questions

What is the Fair Market Rent for ZIP code 99672?

HUD's FY2027 Small Area Fair Market Rents for 99672 are $900 (studio), $900 (1 BR), $1,190 (2 BR), $1,650 (3 BR) and $1,990 (4 BR) a month.

What is the Section 8 payment standard in 99672?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99672 that range is $1,071 to $1,309 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99672?

The FY2026 income limits of the Kenai Peninsula Borough, AK area apply: median family income $110,100, low-income (80%) limit $88,100 for a family of four.