FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR
0.67ratio
FMR$990
Market$1,470
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR
0.81ratio
FMR$1,290
Market$1,600
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR
0.79ratio
FMR$1,790
Market$2,270
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR
0.80ratio
FMR$2,160
Market$2,710
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.80
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 99687 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99687 (Wasilla, AK) is $1,290 a month. That is down 6.5% from $1,380 in FY 2026. Wasilla 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, 99687 is tied for the 5th-highest two-bedroom rent (county range $1,240–$1,510). The median county two-bedroom FMR in Alaska is $1,513, so ZIP 99687 is 15% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99687
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$930
−8.8%
$837–$1,023
1BR
$1,050
$990
−5.7%
$891–$1,089
2BR
$1,380
$1,290
−6.5%
$1,161–$1,419
3BR
$1,920
$1,790
−6.8%
$1,611–$1,969
4BR
$2,320
$2,160
−6.9%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99687
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$990
$1,290
$1,790
$2,160
FY 2026
$1,020
$1,050
$1,380
$1,920
$2,320
FY 2025
$1,020
$1,050
$1,380
$1,930
$2,320
FY 2024
$920
$970
$1,280
$1,800
$2,170
FY 2023
$830
$880
$1,160
$1,650
$1,980
Two-bedroom rent in nearby Matanuska-Susitna Borough County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99687?
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 $1,290 it would be $1,161 to $1,419. 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 99687 in?
ZIP 99687 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 99687 for FY 2027?
The two-bedroom FMR fell 6.5%, from $1,380 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 11.2%.
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