FY2027 Small Area FMR · Fort Wainwright, AK
ZIP 99703 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99703 (Fort Wainwright, AK) is $2,250 a month, down 7.4% from FY2026. That is 45% above 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 99703 sits in the Fairbanks-College, AK area
Of the 15 ZIP codes HUD lists for the area, 99703 has the 1st 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 $2,250 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,570 | $1,413 – $1,727 | $1,081 | $1,680 |
| 1 bedroom | $1,720 | $1,548 – $1,892 | $1,187 | $1,850 |
| 2 bedrooms | $2,250 | $2,025 – $2,475 | $1,553 | $2,430 |
| 3 bedrooms | $3,120 | $2,808 – $3,432 | $2,150 | $3,380 |
| 4 bedrooms | $3,760 | $3,384 – $4,136 | $2,596 | $4,080 |
A household renting a two-bedroom home at the Small Area FMR of $2,250 needs about $90,000 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 99703 lies mainly in Fairbanks North Star Borough. See the Fairbanks-College, AK county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 99703?
HUD's FY2027 Small Area Fair Market Rents for 99703 are $1,570 (studio), $1,720 (1 BR), $2,250 (2 BR), $3,120 (3 BR) and $3,760 (4 BR) a month.
What is the Section 8 payment standard in 99703?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99703 that range is $2,025 to $2,475 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 99703?
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.