Anchorage Municipality, AK: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,5292-bedroom FMR, FY2027

$1,1691-bedroom FMR, FY2027

$106,80080% income limit, family of 4 (FY2026)

$135,100Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Anchorage Municipality is $1,529 a month, down 6.3% from $1,631 in FY2026. Anchorage Municipality belongs to the Anchorage, AK HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Anchorage Municipality by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,095	$1,152	−4.9%	$986 – $1,204
1 bedroom	$1,169	$1,243	−6.0%	$1,053 – $1,285
2 bedrooms	$1,529	$1,631	−6.3%	$1,377 – $1,681
3 bedrooms	$2,117	$2,268	−6.7%	$1,906 – $2,328
4 bedrooms	$2,556	$2,736	−6.6%	$2,301 – $2,811

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Anchorage Municipality that is typically $1,377 to $1,681 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$66,267median income of renter households

$1,489Median gross rent, all units

27%Rent-to-income ratio (median rent ÷ median renter income)

46%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $66,267 can afford about $1,657 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,529 is $128 (7.7%) less than that. To rent a two-bedroom at the FMR, a household needs $61,160 a year under the 30% rule, or $55,044 under the common landlord rule that income must be three times the rent.

Anchorage Municipality, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,489 ±$38
Median income of renter households	$66,267 ±$3,902
Renters paying 30% or more of income (cost-burdened)	46.3% ±2.6
Renters paying 50% or more (severely cost-burdened)	20.7% ±1.8
Renter households (where the share can be computed)	37,211

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$1,320	$1,489	+12.8%
Median renter household income	$57,711	$66,267	+14.8%
Renters paying 30%+ of income	45.5%	46.3%	+0.8 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,470 to $2,290 depending on the ZIP code.

All 29 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
99501	$1,060	$1,130	$1,480	$2,050	$2,470
99502	$1,200	$1,280	$1,670	$2,310	$2,790
99503	$1,520	$1,550	$1,750	$2,100	$2,470
99504	$1,150	$1,230	$1,610	$2,230	$2,690
99505	$1,640	$1,750	$2,290	$3,170	$3,830
99506	$1,480	$1,570	$2,060	$2,850	$3,440
99507	$1,170	$1,250	$1,630	$2,260	$2,720
99508	$1,080	$1,150	$1,510	$2,090	$2,520
99509	$1,100	$1,170	$1,530	$2,120	$2,560
99510	$1,100	$1,170	$1,530	$2,120	$2,560
99511	$1,100	$1,170	$1,530	$2,120	$2,560
99513	$1,100	$1,170	$1,530	$2,120	$2,560
99514	$1,100	$1,170	$1,530	$2,120	$2,560
99515	$1,280	$1,370	$1,790	$2,480	$2,990
99516	$1,330	$1,420	$1,860	$2,580	$3,120
99517	$1,040	$1,120	$1,470	$2,050	$2,470
99518	$1,220	$1,310	$1,710	$2,370	$2,860
99519	$1,080	$1,340	$1,480	$2,050	$2,470
99520	$1,100	$1,170	$1,530	$2,120	$2,560
99521	$1,100	$1,170	$1,530	$2,120	$2,560
99522	$1,100	$1,170	$1,530	$2,120	$2,560
99523	$1,100	$1,170	$1,530	$2,120	$2,560
99524	$1,100	$1,170	$1,530	$2,120	$2,560
99530	$1,100	$1,170	$1,530	$2,120	$2,560
99540	$1,290	$1,380	$1,810	$2,500	$3,020
99567	$1,090	$1,170	$1,530	$2,120	$2,560
99577	$1,310	$1,400	$1,830	$2,540	$3,070
99587	$1,220	$1,310	$1,710	$2,370	$2,860
99599	$1,100	$1,170	$1,530	$2,120	$2,560

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Anchorage Municipality (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $135,100 (FY2025: $129,000, +4.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$28,400 +4.8%	$32,450 +4.7%	$36,500 +4.7%	$41,250 +2.6%	$48,350 +2.7%	$55,450 +2.8%	$62,550 +2.8%	$69,650 +2.9%
Very low income (50%)	$47,300 +4.8%	$54,050 +4.7%	$60,800 +4.7%	$67,550 +4.7%	$73,000 +4.7%	$78,400 +4.7%	$83,800 +4.8%	$89,200 +4.8%
Low income (80%)	$74,800 +3.5%	$85,450 +3.5%	$96,150 +3.5%	$106,800 +3.5%	$115,350 +3.5%	$123,900 +3.5%	$132,450 +3.5%	$141,000 +3.5%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.