Location: Anchorage, AK | Metro: Anchorage, AK HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,150 | $147,924 | 0.78% | D |
| 2BR | $1,510 | $217,095 | 0.7% | D |
| 3BR | $2,090 | $368,177 | 0.57% | F |
| 4BR | $2,520 | $467,235 | 0.54% | F |
| 5BR | $2,923 | $519,268 | 0.56% | F |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP 99508, Anchorage, AK, include higher tenant turnover due to the difference between the market rent of $1,567 and the Fair Market Rent (FMR) of $1,360 for FY 2024. This discrepancy can lead to frequent vacancies, which are further exacerbated by the fact that the average days on market (DOM) is not available, indicating unpredictable vacancy periods. The deferred maintenance exposure is also significant, considering the typical home value of $337,811 and the median income of $79,314. Landlords must be prepared to invest in property upkeep without relying on high rental income to cover these costs.
However, these risks are balanced by the high renter share of 46.8%. A substantial portion of the population being renters usually translates into a robust demand for housing vouchers. This demand can provide a steady stream of tenants who are willing and able to pay their portion of the rent through Section 8 vouchers, ensuring consistent occupancy and reducing financial strain during maintenance periods.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.