FY2027 Small Area FMR · Houston, AK

ZIP 99694 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 99694 (Houston, AK) is $1,240 a month, down 2.4% from FY2026. That is 4% below the Matanuska-Susitna Borough, AK area-wide FMR of $1,293.

2-bedroom SAFMR$1,240per month ▼ 2.4%

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

Rank in the area9thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$920▼ 2.1%

1 BR$950▼ 2.1%

2 BR$1,240▼ 2.4%

3 BR$1,730▼ 2.3%

4 BR$2,080▼ 2.8%

FY2027 FY2026

Where 99694 sits in the Matanuska-Susitna Borough, AK area

Of the 13 ZIP codes HUD lists for the area, 99694 has the 9th 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 $1,240 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	$940
1 bedroom	$950	$855 – $1,045	$988	$970
2 bedrooms	$1,240	$1,116 – $1,364	$1,293	$1,270
3 bedrooms	$1,730	$1,557 – $1,903	$1,790	$1,770
4 bedrooms	$2,080	$1,872 – $2,288	$2,161	$2,140

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 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 99694 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	8.4 mi	$1,510
99652	Big Lake	9.8 mi	$1,240
99654	Wasilla	12.7 mi	$1,260
99688	Willow	18.9 mi	$1,240
99506	Jber	25.6 mi	$2,060
99505	Jber	26.1 mi	$2,290

Questions

What is the Fair Market Rent for ZIP code 99694?

HUD's FY2027 Small Area Fair Market Rents for 99694 are $920 (studio), $950 (1 BR), $1,240 (2 BR), $1,730 (3 BR) and $2,080 (4 BR) a month.

What is the Section 8 payment standard in 99694?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 99694 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 99694?

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.