FY2027 Small Area FMR · Anchorage, AK

ZIP 99599 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99599 (Anchorage, AK) is $1,530 a month, down 6.1% from FY2026. That is 0% equal to the Anchorage, AK area-wide FMR of $1,529.

2-bedroom SAFMR$1,530per month ▼ 6.1%

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

Rank in the area13thof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,377

2 BR Small Area FMR$1,530

110% of SAFMR$1,683

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

Studio$1,100▼ 4.3%

1 BR$1,170▼ 5.6%

2 BR$1,530▼ 6.1%

3 BR$2,120▼ 6.6%

4 BR$2,560▼ 6.2%

FY2027 FY2026

Where 99599 sits in the Anchorage, AK area

Of the 29 ZIP codes HUD lists for the area, 99599 has the 13th 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 $1,530 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	$1,100	$990 – $1,210	$1,095	$1,150
1 bedroom	$1,170	$1,053 – $1,287	$1,169	$1,240
2 bedrooms	$1,530	$1,377 – $1,683	$1,529	$1,630
3 bedrooms	$2,120	$1,908 – $2,332	$2,117	$2,270
4 bedrooms	$2,560	$2,304 – $2,816	$2,556	$2,730

A household renting a two-bedroom home at the Small Area FMR of $1,530 needs about $61,200 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 99599 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
99513	Anchorage	1.9 mi	$1,530
99518	Anchorage	1.9 mi	$1,710
99517	Anchorage	2.0 mi	$1,470
99508	Anchorage	2.3 mi	$1,510
99501	Anchorage	2.4 mi	$1,480
99530	Anchorage	3.3 mi	$1,530

Questions

What is the Fair Market Rent for ZIP code 99599?

HUD's FY2027 Small Area Fair Market Rents for 99599 are $1,100 (studio), $1,170 (1 BR), $1,530 (2 BR), $2,120 (3 BR) and $2,560 (4 BR) a month.

What is the Section 8 payment standard in 99599?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99599 that range is $1,377 to $1,683 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99599?

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.