Logo Northwest Arctic Borough Fair Market Rent FY 2016 Northwest Arctic Borough, AK Rental Data

Fair Market Rent Prices in Northwest Arctic Borough, AK :
$960 $1,007 $1,166 $1,447 $1,598
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Non-Metro

Fair Market Rent prices in Northwest Arctic Borough are very high compared to the national average. This FMR area is more expensive than 96% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Northwest Arctic Borough is $1,166 per month.

The previous year, rent for a two-bedroom home was $1,261 per month. This is a 7.53% decrease year-over-year.

This FMR rate applies to and other cities within the region. The Metro Code or CBSA code for this region is NCNTY02188N02188.

Additionally, This Fair Market Rent (FMR) area Northwest Arctic Borough, AK spans one county or city in Alaska which is listed in the table below. Estimated population of Northwest Arctic Borough, AK FMR area is 7,523 people based on 2010 Census data.

Compared to the rest of Alaska, the Northwest Arctic Borough FMR area is more expensive than 60% 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 Northwest Arctic Borough. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Northwest Arctic 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 $ 1093
1-BR 1-Bedroom $ 1147
2-BR 2-Bedroom $ 1327
3-BR 3-Bedroom $ 1647
4-BR 4-Bedroom $ 1819
Change Year:

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

County / Region Est. Population
Northwest Arctic Borough, AK 7,523
Zip Codes in Northwest Arctic Borough, AK

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

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