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 | $1,090 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $377,948 | 0.4% | F |
| 3BR | $2,120 | $509,594 | 0.42% | F |
| 4BR | $2,560 | $617,016 | 0.41% | F |
| 5BR | $2,970 | $685,363 | 0.43% | F |
U.S. Census Bureau data (2024)
11.7% of Chugiak, AK's residents are renters, reflecting a market where homeownership remains prevalent. The Fair Market Rent (FMR) for ZIP code 99567 in fiscal year 2024 is set at $1260, providing landlords with a benchmark for rental pricing. This figure is slightly above the $1,220 average market rent reported by the Census Bureau's American Community Survey, indicating a competitive edge for properties priced closer to the FMR. Landlords can leverage this to attract tenants who qualify for Section 8 housing assistance, which often covers up to the FMR. The median home value in Chugiak stands at $496,466, offering investors a glimpse into the robust local real estate market. With a median income of $147,319, residents have the financial capacity to support higher rents, further validating the potential profitability of rental investments. Despite the lack of specific data on days on market (DOM) and the percentage of homes needing price cuts, the overall economic health and demand for rentals suggest a favorable environment for landlords. However, the absence of these metrics does limit our ability to assess the exact speed and necessity of sales adjustments. In conclusion, the combination of a strong median income, a favorable renter share, and a competitive FMR makes Chugiak, AK a viable option for Section 8 landlords and small-portfolio investors.
Verdict: Chugiak, AK is a solid investment for those interested in Section 8 properties, given the alignment between FMR and market rents, alongside a healthy median income.
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.