FY2027 Small Area FMR · Wasilla, AK

ZIP 99654 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99654 (Wasilla, AK) is $1,260 a month, down 6.7% from FY2026. That is 3% below the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.

2-bedroom SAFMR$1,260per month ▼ 6.7%

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

Rank in the area7thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,134

2 BR Small Area FMR$1,260

110% of SAFMR$1,386

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

Studio$920▼ 8.0%

1 BR$960▼ 6.8%

2 BR$1,260▼ 6.7%

3 BR$1,740▼ 7.4%

4 BR$2,110▼ 6.6%

FY2027 FY2026

Where 99654 sits in the Matanuska-Susitna Borough, AK area

Of the 13 ZIP codes HUD lists for the area, 99654 has the 7th 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 $1,260 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	$920	$828 – $1,012	$929	$1,000
1 bedroom	$960	$864 – $1,056	$988	$1,030
2 bedrooms	$1,260	$1,134 – $1,386	$1,293	$1,350
3 bedrooms	$1,740	$1,566 – $1,914	$1,790	$1,880
4 bedrooms	$2,110	$1,899 – $2,321	$2,161	$2,260

A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 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 99654 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
99652	Big Lake	5.2 mi	$1,240
99623	Wasilla	12.2 mi	$1,510
99694	Houston	12.7 mi	$1,240
99506	Jber	13.8 mi	$2,060
99501	Anchorage	15.9 mi	$1,480
99513	Anchorage	16.2 mi	$1,530

Questions

What is the Fair Market Rent for ZIP code 99654?

HUD's FY2027 Small Area Fair Market Rents for 99654 are $920 (studio), $960 (1 BR), $1,260 (2 BR), $1,740 (3 BR) and $2,110 (4 BR) a month.

What is the Section 8 payment standard in 99654?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99654 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99654?

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.