Location: Anchorage, AK | Metro: Anchorage, AK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
The analysis of ZIP code 99511 in Anchorage, AK reveals several key points regarding its viability for Section 8 real estate investments.
The rent math does not work favorably due to the lack of market rent data. The Fair Market Rent (FMR) for FY 2024 is set at $1450, but without comparative market rent figures, it's impossible to determine if this rate adequately covers operating costs and provides a reasonable profit margin for landlords.
Acquisition affordability cannot be assessed conclusively because the data lacks essential information such as the median home value, days on market (DOM), and the percentage of homes that have been subject to price cuts. These metrics are crucial for understanding the local real estate market dynamics and the financial feasibility of acquiring properties.
Tenant demand is also uncertain given the absence of specific population and renter share percentages. Reliable data on these aspects would help gauge the potential pool of Section 8 tenants and their willingness to occupy rental units in this area.
Verdict: Without comprehensive market data, it's challenging to make a definitive recommendation for Section 8 investments in ZIP 99511. The available FMR of $1450 is the only concrete figure, but its effectiveness depends on unknown factors such as market rent levels, property acquisition costs, and the size of the local rental market. Landlords and investors should seek additional local real estate and demographic data before making investment decisions.
Data Sources: FMR data from HUD (2027).
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.