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Chugach Census Area County/Cordova/99574

99574

ZIPSAFMR
Chugach Census Area County, AK
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,090
1 BR$1,440$1,440
2 BR$1,570$1,570
3 BR$2,170$2,170
4 BR$2,580$2,580
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMRUsed$1,570
Market rentN/A
Est. payment standardN/A
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 99574 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99574 (Cordova, AK) is $1,570 a month. That is down 2.5% from $1,610 in FY 2026. Cordova is in the Chugach Census Area, AK non-metropolitan 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 county-wide two-bedroom FMR of $1,575. Among 4 ZIP codes in Chugach Census Area County, 99574 has the 3rd-highest two-bedroom rent (county range $1,360–$1,690). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99574 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99574
BedroomsFY 2027Change90–110% range
Studio$1,090−1.8%$981–$1,199
1BR$1,440−2.0%$1,296–$1,584
2BR$1,570−2.5%$1,413–$1,727
3BR$2,170−3.1%$1,953–$2,387
4BR$2,580−4.4%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99574
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,440$1,570$2,170$2,580
FY 2026$1,110$1,470$1,610$2,240$2,700
FY 2025$1,220$1,330$1,700$2,280$2,690
FY 2024area FMR$989$1,077$1,404$1,837$2,147
FY 2023area FMR$899$974$1,282$1,663$1,946

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Chugach Census Area County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99574
99574Current$1,570—
99677$1,690+7.6%
99686$1,690+7.6%
99693$1,360−13.4%

Questions about ZIP 99574 rents

How much will Section 8 pay for a two-bedroom in ZIP 99574?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,575, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,418 to $1,733 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. 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 99574 in?

ZIP 99574 is in the Chugach Census Area, AK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,575.

How much did fair market rent change in ZIP 99574 for FY 2027?

The two-bedroom FMR fell 2.5%, from $1,610 in FY 2026 to $1,570 in FY 2027. Since FY 2025 it has fallen 7.6%.

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