Matanuska-Susitna Borough, 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).

$1,2932-bedroom FMR, FY2027

$9881-bedroom FMR, FY2027

$95,45080% income limit, family of 4 (FY2026)

$119,300Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Matanuska-Susitna Borough is $1,293 a month, down 6.0% from $1,376 in FY2026. Matanuska-Susitna Borough belongs to the Matanuska-Susitna Borough, 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 Matanuska-Susitna Borough by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$929	$1,015	−8.5%	$837 – $1,021
1 bedroom	$988	$1,049	−5.8%	$890 – $1,086
2 bedrooms	$1,293	$1,376	−6.0%	$1,164 – $1,422
3 bedrooms	$1,790	$1,914	−6.5%	$1,611 – $1,969
4 bedrooms	$2,161	$2,308	−6.4%	$1,945 – $2,377

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 Matanuska-Susitna Borough that is typically $1,164 to $1,422 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?

$52,324median income of renter households

$1,299Median gross rent, all units

30%Rent-to-income ratio (median rent ÷ median renter income)

53%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $52,324 can afford about $1,308 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,293 is $15 (1.2%) less than that. To rent a two-bedroom at the FMR, a household needs $51,720 a year under the 30% rule, or $46,548 under the common landlord rule that income must be three times the rent.

Matanuska-Susitna Borough, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,299 ±$55
Median income of renter households	$52,324 ±$4,825
Renters paying 30% or more of income (cost-burdened)	52.7% ±4.2
Renters paying 50% or more (severely cost-burdened)	22.4% ±2.4
Renter households (where the share can be computed)	8,381

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$1,127	$1,299	+15.3%
Median renter household income	$41,949	$52,324	+24.7%
Renters paying 30%+ of income	52.1%	52.7%	+0.6 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 $1,240 to $1,510 depending on the ZIP code.

All 13 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
99588	$920	$1,040	$1,250	$1,730	$2,090
99623	$1,080	$1,150	$1,510	$2,090	$2,520
99645	$1,010	$1,070	$1,400	$1,940	$2,340
99652	$920	$950	$1,240	$1,730	$2,080
99654	$920	$960	$1,260	$1,740	$2,110
99667	$930	$990	$1,290	$1,790	$2,160
99674	$920	$980	$1,240	$1,730	$2,080
99676	$1,060	$1,120	$1,470	$2,040	$2,460
99683	$950	$1,000	$1,310	$1,820	$2,200
99687	$930	$990	$1,290	$1,790	$2,160
99688	$920	$950	$1,240	$1,730	$2,080
99694	$920	$950	$1,240	$1,730	$2,080
99729	$920	$980	$1,240	$1,730	$2,080

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

HUD income limits for Matanuska-Susitna Borough (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $119,300 (FY2025: $120,600, −1.1%). 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%)	$25,100 +5.0%	$28,650 +4.9%	$34,150 +2.5%	$41,250 +2.6%	$48,350 +2.7%	$55,450 +2.8%	$62,550 +2.8%	$69,650 +2.9%
Very low income (50%)	$41,800 +5.0%	$47,750 +5.1%	$53,700 +5.0%	$59,650 +4.9%	$64,450 +5.0%	$69,200 +4.9%	$74,000 +5.0%	$78,750 +4.9%
Low income (80%)	$66,850 +4.9%	$76,400 +4.9%	$85,950 +4.9%	$95,450 +4.9%	$103,100 +4.9%	$110,750 +4.9%	$118,400 +5.0%	$126,000 +4.9%

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.