FY2027 Small Area FMR · Fairbanks, AK
ZIP 99708 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99708 (Fairbanks, AK) is $1,550 a month, down 7.7% from FY2026. That is 0% equal to 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 99708 sits in the Fairbanks-College, AK area
Of the 15 ZIP codes HUD lists for the area, 99708 has the 5th 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 $1,550 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,080 | $972 – $1,188 | $1,081 | $1,160 |
| 1 bedroom | $1,180 | $1,062 – $1,298 | $1,187 | $1,280 |
| 2 bedrooms | $1,550 | $1,395 – $1,705 | $1,553 | $1,680 |
| 3 bedrooms | $2,150 | $1,935 – $2,365 | $2,150 | $2,340 |
| 4 bedrooms | $2,590 | $2,331 – $2,849 | $2,596 | $2,820 |
A household renting a two-bedroom home at the Small Area FMR of $1,550 needs about $62,000 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 99708 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 99708?
HUD's FY2027 Small Area Fair Market Rents for 99708 are $1,080 (studio), $1,180 (1 BR), $1,550 (2 BR), $2,150 (3 BR) and $2,590 (4 BR) a month.
What is the Section 8 payment standard in 99708?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99708 that range is $1,395 to $1,705 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 99708?
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.