FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR
0.70ratio
FMR$1,170
Market$1,670
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR
0.81ratio
FMR$1,530
Market$1,880
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR
0.67ratio
FMR$2,120
Market$3,180
vs market-$1,060
FMR is below market; voucher rent may lag private rents.
0.67
4 BR
4 BR
0.70ratio
FMR$2,560
Market$3,670
vs market-$1,110
FMR is below market; voucher rent may lag private rents.
0.70
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 99511 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99511 (Anchorage, AK) is $1,530 a month. That is down 6.1% from $1,630 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, 99511 is tied for the 13th-highest two-bedroom rent (county range $1,470–$2,290). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99511 is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99511
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,100
−4.3%
$990–$1,210
1BR
$1,240
$1,170
−5.6%
$1,053–$1,287
2BR
$1,630
$1,530
−6.1%
$1,377–$1,683
3BR
$2,270
$2,120
−6.6%
$1,908–$2,332
4BR
$2,730
$2,560
−6.2%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99511
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,170
$1,530
$2,120
$2,560
FY 2026
$1,150
$1,240
$1,630
$2,270
$2,730
FY 2025
$1,090
$1,190
$1,560
$2,190
$2,620
FY 2024
$990
$1,100
$1,450
$2,040
$2,460
FY 2023
$930
$1,030
$1,350
$1,920
$2,300
Two-bedroom rent in nearby Anchorage Municipality County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99511?
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 $1,530 it would be $1,377 to $1,683. 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 99511 in?
ZIP 99511 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 99511 for FY 2027?
The two-bedroom FMR fell 6.1%, from $1,630 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 13.3%.
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