Location: Chugach Census Area, AK | Metro: Chugach Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99686 in the metro area for fiscal year 2026 is set at $1,520. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders will receive up to $1,520 per month to cover their rent. However, it's important to note that this does not directly translate to your rental income; the actual rent you can charge might be lower depending on the voucher holder's contribution.
To put this into perspective, the average rent in ZIP 99686 is currently $1,481 according to the latest Census American Community Survey data. This suggests that the FMR is slightly above the market rate, which could be advantageous if you're looking to attract voucher holders who might otherwise struggle to find affordable housing.
The demand for rentals in this area is strong, with 34.6% of households being renters. This indicates a significant portion of the population relying on rental housing, making it a viable option for those considering their first Section 8 property.
When acquiring a property in ZIP 99686, the median home value stands at $324,914. This figure should be taken into account when assessing the financial feasibility of entering the Section 8 market. It provides a benchmark for the cost of purchasing a property that could potentially be rented out under the program.
A critical factor to verify before proceeding is whether the property meets the Housing Quality Standards (HQS) required by the Section 8 program. These standards ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these criteria could result in disqualification from the program, even if the property is otherwise suitable for rental.
In summary, the FMR of $1,520 for ZIP 99686 offers a clear guideline for the maximum rent assistance available through Section 8 vouchers. With an average local rent of $1,481 and a substantial 34.6% of households renting, there is a solid demand for rental properties. The median home value of $324,914 provides insight into the potential investment cost. Before finalizing any decision, ensure your property complies with HQS to avoid unnecessary complications.
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.