Section 8 Fair Market Rent (FMR) for ZIP 99501 - 2027
Location: Anchorage, AK | Metro: Anchorage, AK HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,060 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$70,891
Housing Authorities Serving ZIP 99501
To determine if you should buy in ZIP code 99501 (Anchorage, AK) for Section 8 investments, follow this decision tree:
- Does the Fair Market Rent ($1340) for FY 2024 cover the debt service on a $346,911 property?
- Yes: The FMR of $1340 is sufficient to cover the average debt service costs for a property valued at $346,911. This means that Section 8 tenants can pay enough to meet mortgage obligations.
- No: The FMR of $1340 does not sufficiently cover the average debt service costs for a property valued at $346,911. You will need additional sources of income to cover the shortfall.
- Is the market rent ($1,679 ZORI) above, at, or below the FMR?
- Above: The market rent of $1,679 exceeds the FMR of $1340, indicating that there is potential to charge higher rents outside of Section 8. However, this also suggests that Section 8 rents might be lower than what the market demands.
- At or Below: The market rent is either equal to or below the FMR, which aligns well with Section 8 rental rates and reduces the risk of vacancy due to pricing.
- Are 62.8% renters + N/A-day days on market enough demand?
- Yes: With 62.8% of residents being renters, there is significant demand for rental properties. Additionally, the lack of specific data on days on market (DOM) suggests that listings may move quickly once they are posted, indicating strong local interest.
- No: While 62.8% of residents are renters, the absence of DOM data makes it difficult to assess how competitive the market is. You may need to research further into the local rental market dynamics to make an informed decision.
- It Depends: The high percentage of renters (62.8%) indicates a robust demand, but without knowing the DOM, you cannot fully gauge the speed at which rental properties are occupied. Consider the broader economic conditions and the number of available Section 8 vouchers in the area.
The decision to invest in ZIP 99501 for Section 8 properties hinges on these key factors. If the FMR covers your debt service and the market rent aligns with or is below the FMR, then the high percentage of renters suggests a favorable investment environment. However, the lack of specific DOM data requires further investigation to ensure that properties are rented out efficiently.
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.