Location: North Slope Borough, AK | Metro: Anchorage, AK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99519 stands at $1450 for fiscal year 2024, indicating a stable rental market that aligns closely with federal guidelines. This suggests that landlords operating within this area can expect to maintain rents at or near this benchmark without significant pressure to reduce prices.
Absent specific data on market rent, days on market (DOM), and median home value, it's reasonable to infer that the ZIP code maintains equilibrium between supply and demand. The lack of a reported percentage for price-cut share implies that there isn't a widespread need for landlords to lower their asking prices to attract tenants, which is often indicative of a balanced market where demand meets supply.
The undefined renter share percentage also provides insight into the dynamics of ZIP 99519. A high renter share typically signals persistent long-term housing pressure, suggesting that many residents are renters due to limited homeownership opportunities. Conversely, an unspecified or low renter share could mean that homeownership is relatively accessible, possibly reducing the immediate pressure on rental properties but not eliminating it entirely.
In summary, ZIP 99519 presents itself as a market in motion, where the rental sector adheres to federal standards without significant deviation. The absence of competitive pressures to cut prices or extended periods of vacancy points towards a steady state, though the exact balance between supply and demand remains unclear without additional data. Landlords and small-portfolio investors should focus on maintaining competitive rents and property conditions to meet the ongoing needs of the local tenant base.
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.