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RentData.org Logo Lake and Peninsula Borough Fair Market Rent FY 2023 Lake and Peninsula Borough, AK Rental Data

Fair Market Rent Prices in Lake and Peninsula Borough, AK :
$605 $733 $863 $1,204 $1,310
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Lake and Peninsula Borough are average compared to the national average. This FMR area is more expensive than 62% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake and Peninsula Borough is $863 per month.

The previous year, rent for a two-bedroom home was $825 per month. This is a 4.61% increase year-over-year.

This FMR rate applies to and other cities within the region. The Metro Code or CBSA code for this region is NCNTY02164N02164.

Additionally, This Fair Market Rent (FMR) area Lake and Peninsula Borough, AK spans one county or city in Alaska which is listed in the table below. Estimated population of Lake and Peninsula Borough, AK FMR area is 1,156 people based on latest Census data.

Compared to the rest of Alaska, the Lake and Peninsula Borough FMR area is less expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lake and Peninsula Borough. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lake and Peninsula Borough

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 634
1-BR 1-Bedroom $ 768
2-BR 2-Bedroom $ 904
3-BR 3-Bedroom $ 1261
4-BR 4-Bedroom $ 1372
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Lake and Peninsula Borough, AK FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers zero metro areas: .

County / Region Est. Population
Lake and Peninsula Borough, AK 1,156
Zip Codes in Lake and Peninsula Borough, AK

There is 0 unique zip codes in this Fair Market Rent (FMR) area:

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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