FY2027 Small Area FMR · Barrow, AK

ZIP 99723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99723 (Barrow, AK) is $1,570 a month, down 6.5% from FY2026. That is 3% above the North Slope Borough, AK area-wide FMR of $1,521.

2-bedroom SAFMR$1,570per month ▼ 6.5%

Area-wide 2 BR FMR$1,521North Slope Borough, AK

Rank in the area1stof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,140▼ 1.7%

1 BR$1,420▲ 10.9%

2 BR$1,570▼ 6.5%

3 BR$2,160▲ 6.9%

4 BR$2,620▼ 4.7%

FY2027 FY2026

Where 99723 sits in the North Slope Borough, AK area

Of the 10 ZIP codes HUD lists for the area, 99723 has the 1st highest two-bedroom Small Area FMR. North Slope 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 $1,521 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,570 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	$1,140	$1,026 – $1,254	$1,108	$1,160
1 bedroom	$1,420	$1,278 – $1,562	$1,373	$1,280
2 bedrooms	$1,570	$1,413 – $1,727	$1,521	$1,680
3 bedrooms	$2,160	$1,944 – $2,376	$2,090	$2,020
4 bedrooms	$2,620	$2,358 – $2,882	$2,542	$2,750

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 a year to keep housing costs at 30% of income. The area median family income is $115,600 and the 80% low-income limit for four people is $92,500. ZIP code 99723 lies mainly in North Slope Borough. See the North Slope Borough, AK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
99791	Atqasuk	54.2 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 99723?

HUD's FY2027 Small Area Fair Market Rents for 99723 are $1,140 (studio), $1,420 (1 BR), $1,570 (2 BR), $2,160 (3 BR) and $2,620 (4 BR) a month.

What is the Section 8 payment standard in 99723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99723 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99723?

The FY2026 income limits of the North Slope Borough, AK area apply: median family income $115,600, low-income (80%) limit $92,500 for a family of four.