FY2026 Fair Market Rents — Lake and Peninsula Borough
Studio
$739
1BR
$894
2BR
$1,030
3BR
$1,391
4BR
$1,596
Lake and Peninsula Borough, Alaska
FIPS 02164 · County-level FMR and income limit data
FMR Area: Lake and Peninsula Borough, AK
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 |
To afford the FY2026 2-bedroom FMR of $1,030/mo under the 30%-of-income rule, a household needs about
$41,200/yr ($3,433/mo). Area Median Income is $72,600.
At AK's state minimum wage of $13.00/hr, a worker would need to work 61 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $72,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,250 | $27,050 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI | $37,100 | $42,400 | $47,650 | $52,950 | $57,200 | $61,450 |
| 80% AMI | $59,300 | $67,800 | $76,250 | $84,700 | $91,500 | $98,300 |