FY2027 Small Area FMR · Fairbanks, AK
ZIP 99701 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99701 (Fairbanks, AK) is $1,510 a month, unchanged from FY2026. That is 3% below the Fairbanks-College, AK area-wide FMR of $1,553.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 99701 sits in the Fairbanks-College, AK area
Of the 15 ZIP codes HUD lists for the area, 99701 has the 8th highest two-bedroom Small Area FMR. Fairbanks-College, 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 $1,553 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,510 for this ZIP code instead.
ZIP code 99701 crosses more than one HUD area. HUD also lists it under Yukon-Koyukuk Census Area, AK (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,050 | $945 – $1,155 | $1,081 | $1,030 |
| 1 bedroom | $1,150 | $1,035 – $1,265 | $1,187 | $1,150 |
| 2 bedrooms | $1,510 | $1,359 – $1,661 | $1,553 | $1,510 |
| 3 bedrooms | $2,100 | $1,890 – $2,310 | $2,150 | $2,110 |
| 4 bedrooms | $2,540 | $2,286 – $2,794 | $2,596 | $2,530 |
A household renting a two-bedroom home at the Small Area FMR of $1,510 needs about $60,400 a year to keep housing costs at 30% of income. The area median family income is $116,300 and the 80% low-income limit for four people is $93,050. ZIP code 99701 lies mainly in Yukon-Koyukuk Census Area and Fairbanks North Star Borough. See the Fairbanks-College, AK county page for the full income limits table and the household check.
Nearby ZIP codes
| ZIP | Place | Distance | 2 BR SAFMR |
|---|---|---|---|
| 99774 | Stevens Village | 74.3 mi | $1,200 |
Questions
What is the Fair Market Rent for ZIP code 99701?
HUD's FY2027 Small Area Fair Market Rents for 99701 are $1,050 (studio), $1,150 (1 BR), $1,510 (2 BR), $2,100 (3 BR) and $2,540 (4 BR) a month.
What is the Section 8 payment standard in 99701?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99701 that range is $1,359 to $1,661 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 99701?
The FY2026 income limits of the Fairbanks-College, AK area apply: median family income $116,300, low-income (80%) limit $93,050 for a family of four.