Petersburg 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).

$1,5042-bedroom FMR, FY2027

$1,2261-bedroom FMR, FY2027

$88,10080% income limit, family of 4 (FY2026)

$95,200Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Petersburg Borough is $1,504 a month, up 2.8% from $1,463 in FY2026. Petersburg Borough belongs to the Petersburg Borough FMR area (non-metro county), 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 Petersburg Borough by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,090	$1,049	+3.9%	$981 – $1,199
1 bedroom	$1,226	$1,211	+1.2%	$1,104 – $1,348
2 bedrooms	$1,504	$1,463	+2.8%	$1,354 – $1,654
3 bedrooms	$1,919	$1,754	+9.4%	$1,728 – $2,110
4 bedrooms	$2,181	$2,022	+7.9%	$1,963 – $2,399

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 Petersburg Borough that is typically $1,354 to $1,654 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?

$58,929median income of renter households

$950Median gross rent, all units

19%Rent-to-income ratio (median rent ÷ median renter income)

34%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $58,929 can afford about $1,473 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,504 is $31 (2.1%) more than that. To rent a two-bedroom at the FMR, a household needs $60,160 a year under the 30% rule, or $54,144 under the common landlord rule that income must be three times the rent.

Petersburg Borough, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$950 ±$151
Median income of renter households	$58,929 ±$19,293
Renters paying 30% or more of income (cost-burdened)	34.2% ±2.0
Renters paying 50% or more (severely cost-burdened)	16.1% ±5.2
Renter households (where the share can be computed)	392

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$954	$950	−0.4%
Median renter household income	$40,625	$58,929	+45.1%
Renters paying 30%+ of income	46.2%	34.2%	−12.0 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.

HUD income limits for Petersburg Borough (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $95,200 (FY2025: $102,400, −7.0%). 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%)	$23,150 +7.7%	$27,050 +2.3%	$34,150 +2.5%	$41,250 +2.6%	$48,350 +2.7%	$55,450 +2.8%	$62,550 +2.8%	$69,650 +3.0%
Very low income (50%)	$38,550 +7.5%	$44,050 +7.4%	$49,550 +7.5%	$55,050 +7.5%	$59,500 +7.6%	$63,900 +7.6%	$68,300 +7.6%	$72,700 +7.5%
Low income (80%)	$61,700 +7.6%	$70,500 +7.6%	$79,300 +7.5%	$88,100 +7.6%	$95,150 +7.5%	$102,200 +7.5%	$109,250 +7.5%	$116,300 +7.5%

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.