FY2027 Small Area FMR · Glennallen, AK
ZIP 99588 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99588 (Glennallen, AK) is $1,250 a month, unchanged from FY2026. That is 3% below the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 99588 sits in the Matanuska-Susitna Borough, AK area
Of the 13 ZIP codes HUD lists for the area, 99588 has the 8th highest two-bedroom Small Area FMR. Matanuska-Susitna Borough, 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 $1,293 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 for this ZIP code instead.
ZIP code 99588 crosses more than one HUD area. HUD also lists it under Copper River Census Area, AK (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $920 | $828 – $1,012 | $929 | $920 |
| 1 bedroom | $1,040 | $936 – $1,144 | $988 | $1,030 |
| 2 bedrooms | $1,250 | $1,125 – $1,375 | $1,293 | $1,250 |
| 3 bedrooms | $1,730 | $1,557 – $1,903 | $1,790 | $1,750 |
| 4 bedrooms | $2,090 | $1,881 – $2,299 | $2,161 | $2,100 |
A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $119,300 and the 80% low-income limit for four people is $95,450. ZIP code 99588 lies mainly in Copper River Census Area and Matanuska-Susitna Borough. See the Matanuska-Susitna Borough, AK county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 99588?
HUD's FY2027 Small Area Fair Market Rents for 99588 are $920 (studio), $1,040 (1 BR), $1,250 (2 BR), $1,730 (3 BR) and $2,090 (4 BR) a month.
What is the Section 8 payment standard in 99588?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99588 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 99588?
The FY2026 income limits of the Matanuska-Susitna Borough, AK area apply: median family income $119,300, low-income (80%) limit $95,450 for a family of four.