Section 8 Fair Market Rent (FMR) for ZIP 99764 - 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
$33,036
To determine if you should buy in ZIP code 99764 for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,130 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area. The FMR must at least cover the debt service to ensure profitability.
- Is the market rent above, at, or below the FMR?
- If market rent is above $1,130: This indicates strong demand and potential for higher returns. Continue to the next question.
- If market rent is at $1,130: This suggests stable but not exceptionally high demand. The decision will depend on the other factors.
- If market rent is below $1,130: There is likely insufficient demand to support Section 8 investments. Consider other areas.
- Are there enough renters and days on market (DOM) to meet demand?
- If the 14.8% of renters combined with N/A-day DOM shows sufficient demand: Yes, consider investing in this area. There is enough tenant interest to sustain Section 8 properties.
- If the combination of renters and DOM does not indicate sufficient demand: It depends on other local factors such as job growth, population trends, and competition. Further analysis is required.
Note: Specific figures for market rent and DOM are missing from the provided data. These details are crucial for making an informed investment decision.
The decision to invest in ZIP 99764 hinges on whether the FMR can cover debt service, the relationship between market rent and FMR, and the level of rental demand indicated by the percentage of renters and DOM. Without precise market rent and DOM data, the final recommendation cannot be definitively made.
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.