Location: Ferry County, WA | Metro: Ferry County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The ZIP code 99121 is located in the Fairbanks North Star Borough, Alaska. This area is characterized by a small, tight-knit community with a total population of only 262 residents. Given the limited size of the population, it's noteworthy that 3.3% of these residents are renters, indicating a niche market for rental properties.
Despite the lack of specific data on median income and median home value, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure serves as a benchmark for Section 8 housing vouchers, which are designed to help low-income families afford decent housing. The absence of precise market rent data suggests that the rental market in ZIP 99121 might be less competitive compared to larger metropolitan areas.
Given the characteristics of ZIP 99121, it would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The small number of potential tenants and the reliance on Section 8 vouchers make it less attractive for those looking to actively manage and improve property values. Instead, landlords who can provide safe and affordable housing in compliance with HUD standards will find this area suitable for a passive investment strategy.
To summarize, ZIP 99121 offers a unique opportunity for hands-off Section 8 investors due to its small population and reliance on government-subsidized rents. The FMR of $970 provides a clear guideline for rental pricing, ensuring that landlords can attract tenants eligible for housing assistance without needing extensive local market knowledge.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.