FY2027 Small Area FMR · Wasilla, AK

ZIP 99623 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99623 (Wasilla, AK) is $1,510 a month, down 3.2% from FY2026. That is 17% above the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.

2-bedroom SAFMR$1,510per month ▼ 3.2%

Area-wide 2 BR FMR$1,293Matanuska-Susitna Borough, A

Rank in the area1stof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,359

2 BR Small Area FMR$1,510

110% of SAFMR$1,661

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

Studio$1,080▼ 6.1%

1 BR$1,150▼ 3.4%

2 BR$1,510▼ 3.2%

3 BR$2,090▼ 3.7%

4 BR$2,520▼ 3.8%

FY2027 FY2026

Where 99623 sits in the Matanuska-Susitna Borough, AK area

Of the 13 ZIP codes HUD lists for the area, 99623 has the 1st 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 $1,510 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	$1,080	$972 – $1,188	$929	$1,150
1 bedroom	$1,150	$1,035 – $1,265	$988	$1,190
2 bedrooms	$1,510	$1,359 – $1,661	$1,293	$1,560
3 bedrooms	$2,090	$1,881 – $2,299	$1,790	$2,170
4 bedrooms	$2,520	$2,268 – $2,772	$2,161	$2,620

A household renting a two-bedroom home at the Small Area FMR of $1,510 needs about $60,400 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 99623 lies mainly in Matanuska-Susitna Borough. See the Matanuska-Susitna Borough, AK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
99694	Houston	8.4 mi	$1,240
99654	Wasilla	12.2 mi	$1,260
99652	Big Lake	12.9 mi	$1,240
99505	Jber	20.0 mi	$2,290
99645	Palmer	20.7 mi	$1,400
99506	Jber	21.5 mi	$2,060

Questions

What is the Fair Market Rent for ZIP code 99623?

HUD's FY2027 Small Area Fair Market Rents for 99623 are $1,080 (studio), $1,150 (1 BR), $1,510 (2 BR), $2,090 (3 BR) and $2,520 (4 BR) a month.

What is the Section 8 payment standard in 99623?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99623 that range is $1,359 to $1,661 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99623?

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.