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 Section 8 housing market in ZIP code 99524, located in Anchorage, Alaska, offers a unique opportunity for real estate investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area is $1450 for fiscal year 2024. However, the current market rent for the area is not available, which makes it challenging to determine the exact cash flow potential for voucher tenants.
Given the FMR of $1450, voucher tenants in this region will likely cashflow marginally or require premium units to achieve positive cash flow. This assumption is based on typical market conditions where rents tend to be slightly higher than FMR to cover landlord expenses and profit margins.
The median home value in the area is also not provided, making it difficult to calculate the precise rent-to-price ratio. Nonetheless, the lack of this data does not diminish the importance of considering the FMR when evaluating investment properties. A high FMR relative to market rents can indicate a stable rental income source for landlords who accept vouchers.
Regarding the days on market (DOM) and the percentage of price cuts, these metrics are not available for this ZIP code. These figures would normally provide insight into the local real estate market's health and the balance between renting and buying. In their absence, we must rely on other indicators such as the FMR and general economic trends in Anchorage.
The strongest angle for investors in this market is likely cashflow. With the HUD FMR at $1450, landlords can expect a reliable source of income through the Section 8 program, even if it means accepting marginally cashflowing units or focusing on premium units that offer better returns.
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.