How many renters live in Matanuska Susitna Borough, Alaska?
The County of Matanuska Susitna Borough has people living in households.
There are renters living in renter households in this County. Renters make up 19.69 percent of the population living in Matanuska Susitna Borough.
What is the rental market like in Matanuska Susitna Borough, Alaska?
There are an estimated housing units in the Matanuska Susitna Borough area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Matanuska Susitna Borough, Alaska, there are 1.04 rental units.
What is the vacancy rate for rentals in Matanuska Susitna Borough?
The rental vacancy rate in Matanuska Susitna Borough is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Matanuska Susitna Borough for each bedroom size?
Occupied Rental Units by Size in Matanuska Susitna Borough
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 415 | 1,931 | 3,495 | 3,022 | 695 |
Occupied Rental Units by Size in Matanuska Susitna Borough
A large number of apartments in Matanuska Susitna Borough have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Matanuska Susitna Borough
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $919 to $2,172. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $919 |
| One BR | $974 |
| Two BR | $1,280 |
| Three BR | $1,804 |
| Four BR | $2,172 |
2024 Fair Market Rents in Matanuska Susitna Borough, Alaska
How many units are rented at Fair Market Rent (FMR) in Matanuska Susitna Borough?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 102 | 25 percent |
| One BR | 1,122 | 58 percent |
| Two BR | 1,991 | 57 percent |
Rental Units Below FMR in Matanuska Susitna Borough, Alaska
How many affordable rental units are in Matanuska Susitna Borough?
There are a variety of federal affordable housing programs serving households in Matanuska Susitna Borough, Alaska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Matanuska Susitna Borough, Alaska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Matanuska Susitna Borough, Alaska
Matanuska Susitna Borough features 243 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Matanuska Susitna Borough, Alaska
There are 659 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Matanuska Susitna Borough.
Housing Choice Vouchers in Matanuska Susitna Borough, Alaska
On average, Section 8 Housing Choice vouchers pay Matanuska Susitna Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Matanuska Susitna Borough.
The maximum amount a voucher would pay on behalf of a low-income tenant in Matanuska Susitna Borough, Alaska for a two-bedroom apartment is between $1,152 and $1,408.
Sourced from federal housing data and AffordableHousingOnline.com research.