Location: Fairbanks-College, AK | Metro: Fairbanks-College, AK MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,580 | $271,061 | 0.58% | F |
| 3BR | $2,190 | $372,928 | 0.59% | F |
| 4BR | $2,640 | $438,153 | 0.6% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99705, North Pole, Alaska, in fiscal year 2024 is set at $1,630. This figure represents the maximum amount that a landlord can receive from the Section 8 program for a rental unit in this area. It's important to note that this is not the actual rent you will charge your tenants; it is the reimbursement limit set by the government.
In comparison, the local Zillow Rent Index (ZORI) for North Pole, AK, stands at $1,852. This index provides an estimate of the average market rent for similar properties in the area. Therefore, while you might be able to charge slightly above the FMR, the reimbursement from Section 8 would still be capped at $1,630 per month.
The demand for rentals in North Pole is relatively high, with 23.1% of residents being renters. This indicates a strong potential market for your Section 8 rental property, as many people are looking for affordable housing options.
When considering the acquisition cost of a property in this area, you should be prepared to spend around $324,081. This figure reflects the typical price range for homes suitable for Section 8 tenants in North Pole, AK.
Before proceeding with your first Section 8 rental in North Pole, ensure that the property meets all the required standards for habitability and safety. Specifically, verify that the home passes the Housing Quality Standards (HQS) inspection. This is a critical step because failing to meet these standards could result in your property being disqualified from the program, leading to financial losses.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.