Section 8 Fair Market Rent (FMR) for ZIP 99732 - 2027
Location: Southeast Fairbanks Census Area, AK | Metro: Southeast Fairbanks Census Area, AK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $850 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 99732 for Section 8 investment, follow these steps:
- Does the Fair Market Rent (FMR) of $1,130 cover the debt service on a property?
- If the answer is yes, proceed to the next question.
- If the answer is no, do not invest in this area as the rental income will not be sufficient to meet financial obligations.
- Is the market rent above, at, or below the FMR?
- If the market rent is above $1,130, this indicates strong demand and higher potential returns, making it a favorable investment.
- If the market rent is at $1,130, it means the area is stable but offers limited upside potential beyond covering expenses.
- If the market rent is below $1,130, this suggests weak demand and lower returns, which could make the investment less attractive.
- Are the current occupancy rates and days on the market (DOM) indicative of sufficient demand?
- The data shows that 0.0% of renters are currently occupying properties, which is an anomaly and likely an error or incomplete dataset. However, if the DOM is low (typically under 30 days), it can indicate strong demand despite the unclear occupancy rate.
- If DOM is high, it signifies a lack of demand, leading to a no on investing in this area.
- Given the incomplete data on occupancy rates, it's crucial to verify the local real estate market trends and consult with local agents or brokers for accurate insights before making a decision.
The decision to invest in ZIP code 99732 for Section 8 properties hinges on whether the FMR sufficiently covers debt service, the relationship between market rent and FMR, and the demand reflected by occupancy rates and DOM. Due to the missing data on market rent and the erroneous or incomplete occupancy rate, further investigation is necessary to accurately assess the viability of this investment opportunity.
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.