Section 8 Fair Market Rent (FMR) for ZIP 99555 - 2027
Location: Dillingham Census Area, AK | Metro: Dillingham Census Area, AK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,260 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$75,417
To determine if you should buy in ZIP code 99555 for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,330 for the metro area in fiscal year 2026 clear debt service on a property?
- Yes: The FMR is sufficient to cover your debt service, making it a viable option for Section 8.
- No: The FMR does not cover your debt service, which makes this ZIP code unsuitable for Section 8 investments.
- Is the market rent above, at, or below the FMR of $1,330?
- Above: If the market rent exceeds the FMR, consider the potential for higher income from non-Section 8 tenants. However, this also means fewer tenants will qualify for Section 8 subsidies.
- At: Market rent aligns with the FMR, ensuring that Section 8 tenants can afford the rent without significant adjustments.
- Below: Lower market rents mean Section 8 tenants can easily afford the rent, but you might face competition from other properties offering similar deals.
- Are 17.9% of residents renters and do days on market (DOM) indicate enough demand?
- Yes: With 17.9% of residents being renters and an acceptable DOM, there is a steady demand for rental properties in this area, suitable for Section 8 investments.
- No: If the percentage of renters is low or DOM is high, indicating weak demand, then Section 8 investments may not be profitable.
The decision to invest in ZIP 99555 for Section 8 properties hinges on these factors. Ensure that the FMR meets your financial needs, assess the relationship between market rent and FMR, and gauge the local rental market's strength.
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.