Affordable Housing In Fairbanks North Star Borough
Alaska

26 Low Income Apartment Communities In Fairbanks North Star Borough

Andrew J. Flodin Apartments

2980 Mack Blvd
Fairbanks, AK
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Executive Estates

1620 Washington Dr
Fairbanks, AK
Subsidized

Moore Street Senior Apartments

1420 Moore St
Fairbanks, AK
Subsidized
62+
Accessible
Elderly Supportive Housing

Harding House

1508 25th Ave
Fairbanks, AK
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Raven Estates Apartments

24th & Cowles
Fairbanks, AK
Accepts Vouchers

Forget - Me - Not Assisted Senior Project

Nhn Evergreen St
Fairbanks, AK
Accepts Vouchers

Parkwest Apartments

2006 Sandvik St
Fairbanks, AK
Subsidized

Mlh Manor Apartments

301 7th Ave
Fairbanks, AK
Accepts Vouchers

Lacey Street Apartments ( Northward )

455 3rd Ave
Fairbanks, AK
Accepts Vouchers

Fairbanks

401 7th Ave
Fairbanks, AK

Guide To Affordable Housing in Fairbanks North Star Borough, Alaska

There are 26 low income housing apartment communities offering 1,108 affordable apartments for rent in Fairbanks North Star Borough, Alaska. Fairbanks North Star Borough features 617 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 491 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Fairbanks North Star Borough.

Sourced from federal housing data and AffordableHousingOnline.com research.

Fairbanks North Star Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 26
Total Low Income Apartments 1,108
Total Housing Units with Rental Assistance 617
Percentage of Housing Units Occupied By Renters 41.89%
Average Renter Household Size 2.51
Average Household Size 2.69
Median Household Income $71,068 ±$1,964
Median Rent $1,216 ±$35
Percentage Of Renters Overburdened 49.19% ± 3.48pp
Total Population 99,705

Population and Household Demographics

Fairbanks North Star Borough is a County in Alaska with a population of 99,705. There are 35,582 households in the county with an average household size of 2.69 persons. 41.89% of households in Fairbanks North Star Borough are renters.

Income and Rent Overburden in Fairbanks North Star Borough

The median gross income for households in Fairbanks North Star Borough is $71,068 a year, or $5,922 a month. The median rent for the county is $1,216 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fairbanks North Star Borough, a household making less than $4,053 a month would be considered overburdened when renting an apartment at or above the median rent. 49.19% of households who rent are overburdened in Fairbanks North Star Borough.1

Area Median Income In Fairbanks North Star Borough

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Fairbanks North Star Borough, HUD calculates the Area Median Income for a family of four as $92,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Fairbanks North Star Borough

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Fairbanks North Star Borough HUD Rental Assistance in Fairbanks North Star Borough

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,400 $22,200 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $32,350 $37,000 $41,600 $46,200 $49,900 $53,600 $57,300 $61,000
80% of Median $51,750 $59,150 $66,550 $73,900 $79,850 $85,750 $91,650 $97,550
Fair Market Rents in Fairbanks North Star Borough

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$863 $1,006 $1,325 $1,911 $2,326

Cities In Fairbanks North Star Borough

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Fairbanks 24 The HUD funded Public Housing Agencies that serve Fairbanks are the Alaska Housing Finance Corporation - Section 8 and Alaska Housing Finance Corporation - Public Housing.
North Pole 2
Badger 0
Chena Ridge 0
College 0
Eielson AFB 0
Ester 0
Farmers Loop 0
Fox 0
Goldstream 0
Harding Birch Lakes 0
Moose Creek 0
Pleasant Valley 0
Salcha 0
South Van Horn 0
Steele Creek 0
Two Rivers 0
Harding-Birch Lakes 0