Section 8 Fair Market Rent (FMR) for ZIP 99125 - 2027

Location: Whitman County, WA | Metro: Adams County, WA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$1,050
2 Bedrooms	$1,330
3 Bedrooms	$1,840
4 Bedrooms	$2,220
5 Bedrooms	$2,575
6 Bedrooms	$2,884
7 Bedrooms	$3,115
8 Bedrooms	$3,271

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

611

Median Household Income

$52,569

Housing Units

318

Renter Percentage

33.1%

Occupancy Rate

77.0%

Renter Occupied

The ZIP code 99125, located in Fairbanks, Alaska, presents a unique market for real estate investors interested in the Section 8 housing program. This area is characterized by its cold climate and seasonal tourism, which influences both rental demand and property values.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,210. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher tenant, making it a critical benchmark for those considering the program.
The average market rent in ZIP 99125 is currently $878, based on data from the Census Bureau's American Community Survey. This indicates that properties participating in Section 8 could command higher rents than the market average, potentially increasing profit margins.
The median home value in the area stands at $238,582, reflecting a relatively stable housing market where investment in properties can be justified by their resale value.
Renters make up 33.1% of the population in 99125, suggesting a significant portion of the local residents might be eligible for Section 8 vouchers, thus providing a steady stream of potential tenants.
The median income in the region is $52,569, which aligns with the income eligibility requirements for many Section 8 applicants, ensuring a pool of qualified individuals seeking affordable housing solutions.

The combination of a high Fair Market Rent compared to the average market rent, a substantial share of renters, and a median income that matches Section 8 criteria, positions ZIP 99125 as a favorable market for landlords and small-portfolio investors looking to participate in the Section 8 program. The stability offered by government-backed rental payments, coupled with the possibility of higher rents than the market average, provides a compelling case for investment in this area. However, it is important to note that the lack of data on days on market (DOM) could indicate either a robust sales process or gaps in the local real estate market reporting, which should be considered when evaluating the liquidity of potential investments.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.