Section 8 Fair Market Rent (FMR) for ZIP 99744 - 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

120

Median Household Income

$101,875

Housing Units

103

Renter Percentage

9.3%

Occupancy Rate

41.7%

Renter Occupied

The ZIP code 99744, located in Fairbanks, Alaska, is characterized by its cold climate and proximity to military bases, which significantly influences the local housing market. The area offers a mix of residential neighborhoods and is known for its affordable living compared to coastal Alaskan cities.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,190.
The median home value in the area is currently N/A, indicating limited data availability on home values but suggesting a focus on rental properties.
Renters make up 9.3% of the housing market in ZIP 99744, which is lower than the national average, pointing towards a preference for homeownership.
The Days on Market (DOM) figure for the area is N/A, which could imply either a stable market or a lack of recent transactions.
The median household income in ZIP 99744 is $101,875, reflecting a relatively high earning potential among residents, which could support higher rents.
Market rent data is currently N/A, making it challenging to compare against the FMR without additional research.

The analysis suggests that while there's a strong earning capacity in ZIP 99744, the rental market is smaller compared to other areas. The FMR provides a benchmark for rental pricing, especially for those interested in participating in the Section 8 program. Despite the lack of specific market rent data, the high median income supports the potential for rental growth. Investors should focus on the stability of the rental market and the possibility of government-backed tenants through the Section 8 program, given the established FMR. However, the limited data on home values and DOM indicate a need for further investigation into the local real estate trends before making significant investment decisions.

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.