Location: Southeast Fairbanks Census Area, AK | Metro: Copper River Census Area, AK
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 | $990 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $340,598 | 0.56% | F |
U.S. Census Bureau data (2024)
24.4% of residents in ZIP code 99737 are renters, indicating a notable demand for rental properties in the area. Given the $1,340 Fair Market Rent (FMR) for the metro area in fiscal year 2026, landlords can expect to charge close to this figure for a standard two-bedroom apartment, aligning closely with the $1,497 average market rent reported by the Census Bureau's American Community Survey. The median home value of $313,196 suggests a stable real estate market where property values have remained consistent, providing a solid foundation for long-term investments.
$83,107 is the median income in the area, which is below the national average but still supports a healthy rental market. The low 0.1% price-cut share indicates that rental properties are generally priced appropriately and do not require frequent adjustments to attract tenants. This stability is further reinforced by the lack of data on days on market (DOM), implying that properties typically lease quickly once they become available.
In conclusion, the data from ZIP code 99737 presents a favorable environment for landlords and small-portfolio investors, with the $1,340 FMR and $1,497 market rent providing a clear benchmark for pricing. The median home value of $313,196 and median income of $83,107 suggest a balanced market where rental properties can be effectively managed without significant risk. The Section 8 program is viable in this area, given the alignment between FMRs and market rents, although investors should carefully assess individual property values and tenant needs.
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.