Section 8 Fair Market Rent (FMR) for ZIP 99729 - 2027
Location: Denali 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)
Median Household Income
$43,438
To determine if you should buy in ZIP code 99729 for Section 8 purposes, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1280 cover the debt service on a property?
- Yes: The FMR can support the debt service, making it financially viable to consider properties in this area.
- No: If the FMR does not cover the debt service, investing in this ZIP code would not be advisable. Debt service must be covered to ensure profitability.
- 2) Is the market rent of $1,125 above, at, or below the FMR?
- Above: If the market rent is higher than the FMR, landlords could potentially earn more by renting outside of Section 8 programs. This makes the investment less attractive specifically for Section 8.
- At or Below: If the market rent is equal to or lower than the FMR, Section 8 could provide a stable income source that matches or exceeds the market rate, making it a reasonable choice for investment.
- 3) Do the 16.1% of renters combined with the days on market (DOM) indicate sufficient demand?
- It Depends: With 16.1% of residents being renters, there is some demand for rental properties. However, without specific DOM data, it's difficult to gauge how competitive the rental market is. A low DOM suggests strong demand, while a high DOM indicates weaker demand.
The decision to invest in ZIP 99729 hinges on these factors. If the FMR supports debt service and market rents are at or below the FMR, then the ZIP code could be a good fit for Section 8 investments. The percentage of renters provides insight into overall demand, but DOM data is critical for understanding how quickly properties are leased. Without this data, the final decision remains uncertain.
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.