FY2026 Fair Market Rents — Lake and Peninsula Borough, AK
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$739
1BR
$894
2BR
$1,030
3BR
$1,391
4BR
$1,596
Hours/week at min wage
61 hrs
to afford the 2BR FMR @ $13.00/hr (AK)
YoY change (2BR)
+6.2%
+$60 vs FY2025 · 5-yr +24.7%
Voucher payment standard
$927–$1,133
PHAs set HCV payment at 90–110% of the 2BR FMR
Lake and Peninsula Borough, AK
Non-Metropolitan area · AK · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $739 | $8,868 |
| 1-Bedroom | $894 | $10,728 |
| 2-Bedroom | $1,030 | $12,360 |
| 3-Bedroom | $1,391 | $16,692 |
| 4-Bedroom | $1,596 | $19,152 |
Recent 2-Bedroom FMR Trend
FY2020 $907 → FY2026 $1,030
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $739 | $894 | $1,030 | $1,391 | $1,596 |
| FY2025 | $693 | $826 | $970 | $1,359 | $1,533 |
| FY2024 | $660 | $820 | $937 | $1,320 | $1,433 |
| FY2023 | $605 | $733 | $863 | $1,204 | $1,310 |
| FY2022 | $574 | $680 | $825 | $1,161 | $1,287 |
| FY2021 | $580 | $654 | $826 | $1,112 | $1,433 |
| FY2020 | $637 | $726 | $907 | $1,194 | $1,592 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $72,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $22,250 | $27,050 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI (Very Low) | $37,100 | $42,400 | $47,650 | $52,950 | $57,200 | $61,450 |
| 80% AMI (Low) | $59,300 | $67,800 | $76,250 | $84,700 | $91,500 | $98,300 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,360/yr
FMR as % of Area Median Income
17% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$41,200/yr
$3,433/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $635 | $726 | $816 | $980 | $1,052 |
| 60% AMI Maximum | $762 | $871 | $980 | $1,176 | $1,263 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $739 | $894 | $1,030 | $1,179 | $1,179 |
| Low HOME Rent | $927 | $1,060 | $1,191 | $1,323 | $1,430 |
Compare Lake and Peninsula Borough, AK With Other AK Metros
vs. Anchorage, AK HUD Metro FMR Area
vs. Fairbanks, AK MSA
vs. Matanuska-Susitna Borough, AK HUD Metro FMR Area