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Anchorage Municipality County/Anchorage/99503

99503

ZIPSAFMR
Anchorage Municipality County, AK
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,180
1 BR$1,550$1,510
2 BR$1,750$1,780
3 BR$2,100$2,310
4 BR$2,470$2,550
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,750
Market rent$1,800
Est. payment standard (102%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.03
2 BR
0.97
3 BR
0.85
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 99503 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99503 (Anchorage, AK) is $1,750 a month. That is up 2.3% from $1,710 in FY 2026. Anchorage is in the Anchorage, AK HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,529. Among 28 ZIP codes in Anchorage Municipality County, 99503 has the 7th-highest two-bedroom rent (county range $1,470–$2,290). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99503 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99503
BedroomsFY 2027Change90–110% range
Studio$1,520+2.7%$1,368–$1,672
1BR$1,550+4.0%$1,395–$1,705
2BR$1,750+2.3%$1,575–$1,925
3BR$2,100+1.4%$1,890–$2,310
4BR$2,470+4.2%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99503
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,550$1,750$2,100$2,470
FY 2026$1,480$1,490$1,710$2,070$2,370
FY 2025$1,430$1,440$1,770$2,130$2,440
FY 2024$840$930$1,220$1,730$2,080
FY 2023$790$860$1,130$1,600$1,930

Two-bedroom rent in nearby Anchorage Municipality County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99503
99501$1,480−15.4%
99502$1,670−4.6%
99503Current$1,750—
99504$1,610−8.0%
99505$2,290+30.9%
99506$2,060+17.7%
99507$1,630−6.9%
99508$1,510−13.7%
99509$1,530−12.6%
99510$1,530−12.6%
99511$1,530−12.6%
99513$1,530−12.6%

Questions about ZIP 99503 rents

How much will Section 8 pay for a two-bedroom in ZIP 99503?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,529, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,376 to $1,682 a month; under the ZIP-level Small Area FMR of $1,750 it would be $1,575 to $1,925. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 99503 in?

ZIP 99503 is in the Anchorage, AK HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,529.

How much did fair market rent change in ZIP 99503 for FY 2027?

The two-bedroom FMR rose 2.3%, from $1,710 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 54.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAnchorage, AK fair market rentAK statewide rentsWhat is SAFMR?Data sources