Section 8 Fair Market Rent (FMR) for ZIP 99743 - 2027

Location: Denali Borough, AK | Metro: Denali Borough, AK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$980
2 Bedrooms	$1,220
3 Bedrooms	$1,690
4 Bedrooms	$2,010
5 Bedrooms	$2,332
6 Bedrooms	$2,612
7 Bedrooms	$2,821
8 Bedrooms	$2,962

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

652

Median Household Income

$106,250

Housing Units

555

Renter Percentage

21.7%

Occupancy Rate

47.4%

Renter Occupied

A landlord considering ZIP 99743 for Section 8 investments must evaluate several factors to make an informed decision. The first step is to determine if the Fair Market Rent (FMR) of $1,190 for the metro area in fiscal year 2026 can cover the debt service on a property. Given that the median listing price for properties in this ZIP code is not available, it's impossible to calculate the exact debt service. However, if we assume typical financing terms, the FMR would likely be insufficient to cover high-end properties but could suffice for lower-cost ones.

The second question is whether the market rent of $575 (as per Census ACS data) aligns favorably with the FMR. In this case, the market rent is significantly below the FMR, indicating that landlords might be able to charge closer to the FMR if they choose to participate in the Section 8 program. This could mean higher potential income compared to the current market rents.

The third consideration involves assessing the rental demand. With 21.7% of residents being renters and the average days on the market (DOM) not specified, the demand scenario remains somewhat unclear. However, the percentage of renters suggests a moderate level of demand. If the DOM is low, it indicates strong demand and quicker turnover, which could support investment. Conversely, if the DOM is high, it signals weak demand and longer vacancy periods, which might discourage investment.

If the FMR does not cover the debt service on your target property, then the answer is No. You should look for properties where the FMR can comfortably meet or exceed the debt service requirements.
If the market rent is well below the FMR and you can find properties where the FMR covers the debt service, then the answer is Yes. There's potential for higher returns relative to current market conditions.
If the percentage of renters is moderate but the DOM is not provided, the answer is It Depends. You need to research further to understand the vacancy rates and how quickly properties are rented out. A low DOM would suggest a positive investment environment, while a high DOM would indicate challenges in finding tenants promptly.

In conclusion, for ZIP 99743, the decision to invest in Section 8 properties hinges on the ability of the FMR to cover debt service, the gap between market rents and FMR, and the overall demand for rentals. Without specific details on property costs and DOM, a definitive recommendation cannot be given. Further investigation into these areas will provide clearer guidance.

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.