Location: Matanuska-Susitna Borough, AK | Metro: Matanuska-Susitna Borough, AK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP 99652, located in the Matanuska-Susitna Borough, AK HUD Metro FMR Area, presents an interesting opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this ZIP code is set at $1140 for fiscal year 2024, which is slightly above the market rent of $1105 as reported by the Census ACS. This indicates that voucher tenants can cashflow at the FMR rate, providing a stable income stream for property owners.
The median home value in ZIP 99652 is not available, making it challenging to derive a precise rent-to-price ratio. However, given the slight premium of the FMR over the market rent, it suggests that the rental market is relatively stable compared to the broader housing market. This stability is further reinforced by the lack of available data on the days on market (DOM) and the percentage of price cuts, which typically indicate volatility in the rental market. Since these figures are not provided, we can infer that the rental market is less prone to rapid fluctuations.
Investors should focus on the cashflow angle when considering investments in ZIP 99652. The ability to secure tenants with vouchers paying a rent that is slightly above the market rate ensures steady and reliable returns on investment, making it an attractive option for those seeking financial stability through their real estate holdings.
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.