Section 8 Fair Market Rent (FMR) for ZIP 99540 - 2027

Location: Anchorage, AK | Metro: Anchorage, AK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,290
1 Bedroom	$1,380
2 Bedrooms	$1,810
3 Bedrooms	$2,500
4 Bedrooms	$3,020
5 Bedrooms	$3,503
6 Bedrooms	$3,923
7 Bedrooms	$4,237
8 Bedrooms	$4,449

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

468

Median Household Income

$146,086

Housing Units

235

Renter Percentage

9.4%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 99540, located in Juneau, Alaska, offers a unique blend of natural beauty and urban amenities, making it an attractive location for both homeowners and renters. However, the real estate landscape here is characterized by limited data availability, which can pose challenges for investors looking to make informed decisions.

The Fair Market Rent (FMR) for ZIP 99540 in fiscal year 2024 is set at $1,920. This figure represents the benchmark for rental prices in the area, ensuring that tenants can find affordable housing options.
Market rent data is currently unavailable for ZIP 99540, indicating a lack of recent transactions or listings that could provide insight into actual rental rates.
The median home value in ZIP 99540 stands at $556,548, reflecting a moderate to high cost of homeownership compared to other parts of Alaska.
Renters make up 9.4% of the population in this ZIP code, suggesting a relatively low demand for rental properties compared to owner-occupied homes.
Data on the days on market (DOM) for rentals is also not available, which means we cannot assess how quickly properties are being leased in this area.
The median household income in ZIP 99540 is $146,086, indicating a higher-than-average economic status among residents, which could influence their preference for homeownership over renting.

Given the data points above, investors should be cautious when entering the rental market in ZIP 99540 due to the limited availability of recent market rent data and the relatively low share of renters. The high median income suggests that residents have the financial capacity to purchase homes rather than rent, which could further reduce the demand for rental properties. Additionally, the set FMR of $1,920 provides a guideline but does not necessarily reflect the current market conditions. Overall, while the area's natural appeal and amenities are strong selling points, the investment strategy should focus on thorough local research and understanding the nuances of the Juneau real estate market to navigate effectively.

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.