FY2027 Small Area FMR · Indian, AK

ZIP 99540 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99540 (Indian, AK) is $1,810 a month, down 4.2% from FY2026. That is 18% above the Anchorage, AK area-wide FMR of $1,529.

2-bedroom SAFMR$1,810per month ▼ 4.2%

Area-wide 2 BR FMR$1,529Anchorage, AK

Rank in the area5thof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,629

2 BR Small Area FMR$1,810

110% of SAFMR$1,991

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,290▼ 3.0%

1 BR$1,380▼ 4.2%

2 BR$1,810▼ 4.2%

3 BR$2,500▼ 4.6%

4 BR$3,020▼ 5.0%

FY2027 FY2026

Where 99540 sits in the Anchorage, AK area

Of the 29 ZIP codes HUD lists for the area, 99540 has the 5th highest two-bedroom Small Area FMR. Anchorage, AK is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,529 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,810 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,290	$1,161 – $1,419	$1,095	$1,330
1 bedroom	$1,380	$1,242 – $1,518	$1,169	$1,440
2 bedrooms	$1,810	$1,629 – $1,991	$1,529	$1,890
3 bedrooms	$2,500	$2,250 – $2,750	$2,117	$2,620
4 bedrooms	$3,020	$2,718 – $3,322	$2,556	$3,180

A household renting a two-bedroom home at the Small Area FMR of $1,810 needs about $72,400 a year to keep housing costs at 30% of income. The area median family income is $135,100 and the 80% low-income limit for four people is $106,800. ZIP code 99540 lies mainly in Anchorage Municipality. See the Anchorage, AK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
99516	Anchorage	11.5 mi	$1,860
99605	Hope	14.7 mi	$1,670
99507	Anchorage	15.6 mi	$1,630
99577	Eagle River	15.7 mi	$1,830
99515	Anchorage	18.0 mi	$1,790
99587	Girdwood	18.3 mi	$1,710

Questions

What is the Fair Market Rent for ZIP code 99540?

HUD's FY2027 Small Area Fair Market Rents for 99540 are $1,290 (studio), $1,380 (1 BR), $1,810 (2 BR), $2,500 (3 BR) and $3,020 (4 BR) a month.

What is the Section 8 payment standard in 99540?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99540 that range is $1,629 to $1,991 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99540?

The FY2026 income limits of the Anchorage, AK area apply: median family income $135,100, low-income (80%) limit $106,800 for a family of four.