Section 8 Fair Market Rent (FMR) for ZIP 99674 - 2027

Location: Matanuska-Susitna Borough, AK | Metro: Matanuska-Susitna Borough, AK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$980
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,774

Median Household Income

$63,688

Housing Units

1,114

Renter Percentage

15.5%

Occupancy Rate

60.8%

Renter Occupied

105

The ZIP code 99674, located in rural Alaska, offers a unique opportunity for real-estate investors interested in Section 8 properties. This area is characterized by its remote setting, which often leads to distinct market dynamics compared to urban centers.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 99674 for fiscal year 2024 is set at $1190. This figure represents the maximum amount that a landlord can charge a Section 8 tenant for housing assistance.
The market rent for the same area, according to the latest Census ACS data, stands at $911 for a typical two-bedroom unit. This indicates a potential profit margin when utilizing Section 8 vouchers.
The median home value in ZIP 99674 is $279,268. This suggests that homeownership is still a significant part of the local economy, but there is also room for rental investments.
Renters make up 15.5% of the population in this ZIP code. While this percentage is relatively low, it highlights the importance of providing affordable rental options for those who do rent.
The median household income in the area is $63,688. This income level aligns well with the requirements for Section 8 eligibility, ensuring a steady demand for subsidized housing.

The analysis reveals that ZIP 99674 presents a balanced market for Section 8 properties. The discrepancy between the Fair Market Rent and the actual market rent indicates a favorable environment for landlords participating in the Section 8 program. With a median home value of $279,268 and a median income of $63,688, the area supports both homeownership and rental markets, particularly for those needing assistance. Given the low renter share, there's an untapped potential for increasing the availability of affordable rentals, catering to the existing demand and possibly attracting new residents seeking subsidized housing options.

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.