Section 8 Fair Market Rent (FMR) for ZIP 99185 - 2027

Location: Lincoln County, WA | Metro: Lincoln County, WA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$890
2 Bedrooms	$1,020
3 Bedrooms	$1,410
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,501

Median Household Income

$73,094

Housing Units

804

Renter Percentage

25.2%

Occupancy Rate

74.0%

Renter Occupied

150

The area covered by ZIP code 99185, located in Fairbanks, Alaska, presents a unique opportunity for real estate investors interested in the Section 8 housing market. This region is characterized by its cold climate and significant presence of military personnel, which influences both rental demand and property values.

The Fair Market Rent (FMR) for ZIP 99185 in fiscal year 2026 is set at $990, providing landlords with a clear benchmark for rental pricing that aligns with government standards.
The actual market rent, as per Census ACS data, stands at $680, indicating that there is potential for landlords to increase their rental rates closer to the FMR without losing tenants.
The median home value in the area is $285,290, offering a moderate entry point for investment properties compared to other parts of Alaska.
Renters make up 25.2% of the population, suggesting a steady demand for rental properties but also highlighting the importance of maintaining competitive rents.
The median income in ZIP 99185 is $73,094, which supports the ability of residents to afford higher rents if necessary, particularly those benefiting from Section 8 assistance.

In summary, ZIP 99185 offers a balanced real estate market with opportunities for landlords to capitalize on the gap between market rents and the FMR. The presence of a substantial renter base and reasonable median home values make it a viable investment area, especially for those willing to adjust their pricing strategies to attract Section 8 participants. With median incomes above the national average, there is a solid foundation for financial stability among tenants, reducing the risk of default.

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.