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Matanuska-Susitna Borough County/Trapper Creek/99683

99683

ZIPSAFMR
Matanuska-Susitna Borough County, AK
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,000$1,000
2 BR$1,310$1,310
3 BR$1,820$1,820
4 BR$2,200$2,200
5 BR$2,530Not available
6 BR$2,909Not available
7 BR$3,346Not available
8 BR$3,848Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMRUsed$1,310
Market rentN/A
Est. payment standardN/A
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
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
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Mortgage rate
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ZIP 99683 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99683 (Trapper Creek, AK) is $1,310 a month. That is down 5.1% from $1,380 in FY 2026. Trapper Creek is in the Matanuska-Susitna Borough, 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 $1,293. Among 11 ZIP codes in Matanuska-Susitna Borough County, 99683 has the 4th-highest two-bedroom rent (county range $1,240–$1,510). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99683 is 13% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99683
BedroomsFY 2027Change90–110% range
Studio$950−6.9%$855–$1,045
1BR$1,000−4.8%$900–$1,100
2BR$1,310−5.1%$1,179–$1,441
3BR$1,820−5.2%$1,638–$2,002
4BR$2,200−5.2%$1,980–$2,420

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99683
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,000$1,310$1,820$2,200
FY 2026$1,020$1,050$1,380$1,920$2,320
FY 2025$1,070$1,110$1,450$2,030$2,440
FY 2024$920$970$1,280$1,800$2,170
FY 2023$840$900$1,180$1,680$2,020

Two-bedroom rent in nearby Matanuska-Susitna Borough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99683
99623$1,510+15.3%
99645$1,400+6.9%
99652$1,240−5.3%
99654$1,260−3.8%
99667$1,290−1.5%
99674$1,240−5.3%
99676$1,470+12.2%
99683Current$1,310—
99687$1,290−1.5%
99688$1,240−5.3%
99694$1,240−5.3%

Questions about ZIP 99683 rents

How much will Section 8 pay for a two-bedroom in ZIP 99683?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,293, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,164 to $1,422 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 99683 in?

ZIP 99683 is in the Matanuska-Susitna Borough, AK HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,293.

How much did fair market rent change in ZIP 99683 for FY 2027?

The two-bedroom FMR fell 5.1%, from $1,380 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 11.0%.

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