FY2027 Small Area FMR · Wasilla, AK

ZIP 99687 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99687 (Wasilla, AK) is $1,290 a month, down 6.5% from FY2026. That is 0% equal to the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.

2-bedroom SAFMR$1,290per month ▼ 6.5%

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

Rank in the area5thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$930▼ 8.8%

1 BR$990▼ 5.7%

2 BR$1,290▼ 6.5%

3 BR$1,790▼ 6.8%

4 BR$2,160▼ 6.9%

FY2027 FY2026

Where 99687 sits in the Matanuska-Susitna Borough, AK area

Of the 13 ZIP codes HUD lists for the area, 99687 has the 5th 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 $1,290 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	$930	$837 – $1,023	$929	$1,020
1 bedroom	$990	$891 – $1,089	$988	$1,050
2 bedrooms	$1,290	$1,161 – $1,419	$1,293	$1,380
3 bedrooms	$1,790	$1,611 – $1,969	$1,790	$1,920
4 bedrooms	$2,160	$1,944 – $2,376	$2,161	$2,320

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 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 99687 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	3.8 mi	$1,510
99694	Houston	11.9 mi	$1,240
99654	Wasilla	15.0 mi	$1,260
99652	Big Lake	16.4 mi	$1,240
99645	Palmer	17.5 mi	$1,400
99505	Jber	19.4 mi	$2,290

Questions

What is the Fair Market Rent for ZIP code 99687?

HUD's FY2027 Small Area Fair Market Rents for 99687 are $930 (studio), $990 (1 BR), $1,290 (2 BR), $1,790 (3 BR) and $2,160 (4 BR) a month.

What is the Section 8 payment standard in 99687?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99687 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99687?

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.