Section 8 Fair Market Rent (FMR) for ZIP 99824 - 2027

Location: Juneau City and Borough, AK | Metro: Juneau City and Borough, AK

Investment Score for ZIP 99824

Monthly Rent (2BR)

$1,820

Median Price (2BR)

$272,078

1% Rule

0.67%

Annual Yield

8.03%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,270
1 Bedroom	$1,390
2 Bedrooms	$1,820
3 Bedrooms	$2,400
4 Bedrooms	$2,910
5 Bedrooms	$3,376
6 Bedrooms	$3,781
7 Bedrooms	$4,083
8 Bedrooms	$4,287

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,820	$272,078	0.67%	D
3BR	$2,400	$489,135	0.49%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,190

Median Household Income

$92,188

Housing Units

1,135

Renter Percentage

51.9%

Occupancy Rate

91.7%

Renter Occupied

540

ZIP code 99824, located within the Juneau City and Borough, AK metro area, presents a unique profile when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for 99824 is set at $1,700 for fiscal year 2026, which is higher than the average market rent of $1,520. This suggests that the ZIP code is positioned slightly above the median rental price range, indicating a mid-tier neighborhood status.

The median home value in 99824 stands at $350,359, which is likely representative of the broader Juneau City and Borough market. However, the renter share in 99824 is notably higher at 51.9%. This significant proportion of renters in an area with median home values can be indicative of a Section 8 sweet spot, where the demand for affordable housing is strong, and the presence of government-subsidized tenants could stabilize the rental market.

Fair Market Rent: At $1,700, the FMR for 99824 exceeds the typical market rent, positioning it as a mid-tier neighborhood in terms of rental pricing.
Market Rent: The actual market rent of $1,520 is lower than the FMR, suggesting potential for landlords to participate in Section 8 programs without significantly undercutting their income.
Home Value: With a median home value of $350,359, 99824 aligns closely with the overall Juneau City and Borough market, offering a balanced investment opportunity.
Renter Share: A 51.9% renter share highlights the importance of rental properties in this ZIP code and could attract Section 8 tenants looking for affordable housing options.

The combination of a slightly elevated FMR, a substantial renter share, and median home values makes ZIP 99824 a promising mid-tier neighborhood for landlords and small-portfolio investors. It represents a balance between rental stability and property value, potentially offering a strategic entry point into the Juneau City and Borough market.

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.