Lake and 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 Lake and Peninsula Borough are Chignik Lake, Port Heiden, Chignik, and Chignik Lagoon. 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 Lake and Peninsula Borough use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Lake and 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 Lake and Peninsula Borough compare?

Lake and Peninsula Borough ($970) has a 32% lower FMR for 2-Bedroom housing than the average of Alaska ($1,427) and therefore has a lower gross rent.

Lake and Peninsula Borough is rank 29th out of 30 counties. This means the FMRs, or in other words, the gross rent is lower than 28 other counties. Lake and Peninsula Borough is the 2nd cheapest county in terms of FMRs.

Rent Tables Lake and Peninsula Borough, AK

Fair Market Rent (40th Percentile)

$693
studio
$826
1-Bedroom
$970
2-Bedroom
$1,359
3-Bedroom
$1,533
4-Bedroom

Median Rent (50th Percentile)

$728
studio
$867
1-Bedroom
$1,018
2-Bedroom
$1,426
3-Bedroom
$1,609
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
99548 $690 $830 $970 $1,360 $1,530
99549 $690 $830 $970 $1,360 $1,530
99564 $690 $830 $970 $1,360 $1,530
99565 $690 $830 $970 $1,360 $1,530
99579 $690 $830 $970 $1,360 $1,530
99606 $850 $970 $1,180 $1,660 $1,870
99625 $690 $830 $970 $1,360 $1,530
99640 $780 $930 $1,090 $1,530 $1,720
99647 $690 $830 $970 $1,360 $1,530
99648 $690 $830 $970 $1,360 $1,530
99649 $690 $830 $970 $1,360 $1,530
99653 $790 $950 $1,110 $1,560 $1,750
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
99548 $621 $747 $873 $1,224 $1,377
99549 $621 $747 $873 $1,224 $1,377
99564 $621 $747 $873 $1,224 $1,377
99565 $621 $747 $873 $1,224 $1,377
99579 $621 $747 $873 $1,224 $1,377
99606 $765 $873 $1,062 $1,494 $1,683
99625 $621 $747 $873 $1,224 $1,377
99640 $702 $837 $981 $1,377 $1,548
99647 $621 $747 $873 $1,224 $1,377
99648 $621 $747 $873 $1,224 $1,377
99649 $621 $747 $873 $1,224 $1,377
99653 $711 $855 $999 $1,404 $1,575
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
99548 $759 $913 $1,067 $1,496 $1,683
99549 $759 $913 $1,067 $1,496 $1,683
99564 $759 $913 $1,067 $1,496 $1,683
99565 $759 $913 $1,067 $1,496 $1,683
99579 $759 $913 $1,067 $1,496 $1,683
99606 $935 $1,067 $1,298 $1,826 $2,057
99625 $759 $913 $1,067 $1,496 $1,683
99640 $858 $1,023 $1,199 $1,683 $1,892
99647 $759 $913 $1,067 $1,496 $1,683
99648 $759 $913 $1,067 $1,496 $1,683
99649 $759 $913 $1,067 $1,496 $1,683
99653 $869 $1,045 $1,221 $1,716 $1,925

Fair Market Rents on this page apply to the following cities in Lake and Peninsula Borough, Alaska: Chignik Lake, Port Heiden, Chignik, Chignik Lagoon, Egegik, Iliamna, Levelock, Nondalton, Pedro Bay, Perryville, Pilot Point, and Port Alsworth.

These Fair Market Rents also apply to the following ZIP codes in Lake and Peninsula Borough, Alaska: 99548, 99549, 99564, 99565, 99579, 99606, 99625, 99640, 99647, 99648, 99649, and 99653.

More on Lake and Peninsula Borough, AK

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