FY2027 Small Area FMR · Palmer, AK

ZIP 99645 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99645 (Palmer, AK) is $1,400 a month, down 3.4% from FY2026. That is 8% above the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.

2-bedroom SAFMR$1,400per month ▼ 3.4%

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

Rank in the area3rdof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,260

2 BR Small Area FMR$1,400

110% of SAFMR$1,540

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

Studio$1,010▼ 5.6%

1 BR$1,070▼ 3.6%

2 BR$1,400▼ 3.4%

3 BR$1,940▼ 4.0%

4 BR$2,340▼ 3.7%

FY2027 FY2026

Where 99645 sits in the Matanuska-Susitna Borough, AK area

Of the 13 ZIP codes HUD lists for the area, 99645 has the 3rd 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 $1,400 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	$1,010	$909 – $1,111	$929	$1,070
1 bedroom	$1,070	$963 – $1,177	$988	$1,110
2 bedrooms	$1,400	$1,260 – $1,540	$1,293	$1,450
3 bedrooms	$1,940	$1,746 – $2,134	$1,790	$2,020
4 bedrooms	$2,340	$2,106 – $2,574	$2,161	$2,430

A household renting a two-bedroom home at the Small Area FMR of $1,400 needs about $56,000 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 99645 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
99623	Wasilla	20.7 mi	$1,510
99567	Chugiak	22.5 mi	$1,530
99694	Houston	26.4 mi	$1,240
99688	Willow	27.6 mi	$1,240
99674	Sutton	30.3 mi	$1,240
99577	Eagle River	30.5 mi	$1,830

Questions

What is the Fair Market Rent for ZIP code 99645?

HUD's FY2027 Small Area Fair Market Rents for 99645 are $1,010 (studio), $1,070 (1 BR), $1,400 (2 BR), $1,940 (3 BR) and $2,340 (4 BR) a month.

What is the Section 8 payment standard in 99645?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99645 that range is $1,260 to $1,540 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99645?

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.