Location: Matanuska-Susitna Borough, AK | Metro: Matanuska-Susitna Borough, AK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99667 in fiscal year 2024 is set at $1280. This figure represents the maximum amount that a landlord can receive from the government's Section 8 program per month for renting a unit in this area. It does not mean that all tenants will pay exactly this amount; rather, it is the benchmark used to determine the housing assistance payment.
Local market rents are currently listed as N/A, which means there isn't enough data to provide a comparison between the FMR and typical market rates. However, the fact that the renter share is 0.0% indicates a significant lack of demand for rental properties in this ZIP code. Landlords should be cautious about relying solely on the FMR to gauge profitability, especially given the low demand for rentals.
The acquisition cost for properties in ZIP 99667 is also noted as N/A, suggesting limited data on recent property purchases. This makes it challenging to assess the potential return on investment based on current market conditions.
Before committing to a Section 8 rental in ZIP 99667, ensure you verify the condition of the property you plan to rent. The Housing Quality Standards (HQS) must be met for a property to qualify under the Section 8 program. These standards cover essential safety and maintenance criteria that the property must fulfill, ensuring it is suitable for habitation.
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.