Kenai Peninsula Borough, AK

2025 Fair Market Rents

Tags: 2025 Alaska

Return to the state page to see where Alaska ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Kenai Peninsula Borough are Soldotna, Kenai, Homer, and Seward. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Kenai Peninsula Borough use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Kenai Peninsula Borough is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Kenai Peninsula Borough compare?

Kenai Peninsula Borough ($1,245) has a 12.8% lower FMR for 2-Bedroom housing than the average of Alaska ($1,427) and therefore has a lower gross rent.

Kenai Peninsula Borough is rank 23rd out of 30 counties. This means the FMRs, or in other words, the gross rent is lower than 22 other counties. Kenai Peninsula Borough is the 8th cheapest county in terms of FMRs.

Rent Tables Kenai Peninsula Borough, AK

Fair Market Rent (40th Percentile)

$943
studio
$949
1-Bedroom
$1,245
2-Bedroom
$1,745
3-Bedroom
$2,091
4-Bedroom

Median Rent (50th Percentile)

$1,009
studio
$1,015
1-Bedroom
$1,332
2-Bedroom
$1,866
3-Bedroom
$2,237
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
99556 $900 $910 $1,190 $1,670 $2,000
99568 $1,020 $1,020 $1,340 $1,880 $2,250
99572 $1,090 $1,100 $1,440 $2,020 $2,420
99603 $1,080 $1,080 $1,420 $1,990 $2,380
99605 $1,090 $1,120 $1,480 $2,070 $2,480
99610 $890 $900 $1,180 $1,650 $1,930
99611 $900 $910 $1,190 $1,670 $2,000
99631 $950 $950 $1,250 $1,750 $2,100
99635 $950 $950 $1,250 $1,750 $2,100
99639 $890 $900 $1,180 $1,650 $1,890
99663 $890 $900 $1,180 $1,650 $1,890
99664 $1,140 $1,140 $1,500 $2,100 $2,520
99669 $960 $970 $1,270 $1,780 $2,130
99672 $890 $900 $1,180 $1,650 $1,890
99682 $950 $950 $1,250 $1,750 $2,100
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
99556 $810 $819 $1,071 $1,503 $1,800
99568 $918 $918 $1,206 $1,692 $2,025
99572 $981 $990 $1,296 $1,818 $2,178
99603 $972 $972 $1,278 $1,791 $2,142
99605 $981 $1,008 $1,332 $1,863 $2,232
99610 $801 $810 $1,062 $1,485 $1,737
99611 $810 $819 $1,071 $1,503 $1,800
99631 $855 $855 $1,125 $1,575 $1,890
99635 $855 $855 $1,125 $1,575 $1,890
99639 $801 $810 $1,062 $1,485 $1,701
99663 $801 $810 $1,062 $1,485 $1,701
99664 $1,026 $1,026 $1,350 $1,890 $2,268
99669 $864 $873 $1,143 $1,602 $1,917
99672 $801 $810 $1,062 $1,485 $1,701
99682 $855 $855 $1,125 $1,575 $1,890
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
99556 $990 $1,001 $1,309 $1,837 $2,200
99568 $1,122 $1,122 $1,474 $2,068 $2,475
99572 $1,199 $1,210 $1,584 $2,222 $2,662
99603 $1,188 $1,188 $1,562 $2,189 $2,618
99605 $1,199 $1,232 $1,628 $2,277 $2,728
99610 $979 $990 $1,298 $1,815 $2,123
99611 $990 $1,001 $1,309 $1,837 $2,200
99631 $1,045 $1,045 $1,375 $1,925 $2,310
99635 $1,045 $1,045 $1,375 $1,925 $2,310
99639 $979 $990 $1,298 $1,815 $2,079
99663 $979 $990 $1,298 $1,815 $2,079
99664 $1,254 $1,254 $1,650 $2,310 $2,772
99669 $1,056 $1,067 $1,397 $1,958 $2,343
99672 $979 $990 $1,298 $1,815 $2,079
99682 $1,045 $1,045 $1,375 $1,925 $2,310

Fair Market Rents on this page apply to the following cities in Kenai Peninsula Borough, Alaska: Soldotna, Kenai, Homer, Seward, Sterling, Kasilof, Anchor Point, Nikiski, Ninilchik, Seldovia, Clam Gulch, Cooper Landing, Hope, Moose Pass, and Tyonek.

These Fair Market Rents also apply to the following ZIP codes in Kenai Peninsula Borough, Alaska: 99669, 99611, 99603, 99664, 99672, 99610, 99556, 99635, 99639, 99663, 99568, 99572, 99605, 99631, and 99682.

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Fair Market Rents are published by the Department of Housing And Urban Development.