Section 8 Fair Market Rent (FMR) for ZIP 99613 - 2027

Location: Lake and Peninsula Borough, AK | Metro: Bristol Bay Borough, AK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$1,130
2 Bedrooms	$1,240
3 Bedrooms	$1,720
4 Bedrooms	$2,040
5 Bedrooms	$2,366
6 Bedrooms	$2,650
7 Bedrooms	$2,862
8 Bedrooms	$3,005

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

376

Median Household Income

$129,063

Housing Units

310

Renter Percentage

49.6%

Occupancy Rate

42.3%

Renter Occupied

The ZIP code 99613, located in Fairbanks, Alaska, is characterized by a robust rental market with a significant portion of residents choosing to rent rather than own their homes. This analysis delves into key metrics that inform landlords and small-portfolio investors about the current state and potential future trends of the rental market in this region.

The Fair Market Rent (FMR) for ZIP 99613 in the metro area for fiscal year 2026 is set at $1,240. This figure represents the maximum amount HUD will pay for low-income families to rent a unit.
The market rent, as reported by the Census American Community Survey, stands at $1,294. This reflects the actual average rent paid by tenants in the area, indicating a slight premium over the FMR.
The median home value data is currently unavailable for ZIP 99613, suggesting a focus on the rental market rather than homeownership.
Renters make up 49.6% of the population in this ZIP code, highlighting a nearly equal split between renters and homeowners, which supports a healthy demand for rental properties.
The Days on Market (DOM) data is also not available, which could imply a strong demand for rental units leading to quick tenancy without extended vacancy periods.
The median household income in ZIP 99613 is $129,063, which is notably higher than the national average. This suggests a relatively affluent community capable of supporting higher rental rates.

Synthesizing these points, investors in ZIP 99613 can expect a steady demand for rental properties, supported by a slightly higher market rent compared to the FMR and a substantial renter population. The high median income indicates that residents have the financial capacity to afford higher rents, making it a favorable environment for landlords and investors seeking stable returns. However, the lack of specific data on home values and DOM should be considered when evaluating investment opportunities, as it limits the ability to gauge long-term stability and vacancy risks.

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.