Location: Aleutians West Census Area, AK | Metro: Aleutians West Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,830 |
| 2 Bedrooms | $2,390 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
U.S. Census Bureau data (2024)
The ZIP code 99547 presents a unique scenario for both renters and landlords. With the median income being listed as N/A, it's challenging to determine the average earning capacity of households in this area. Similarly, the market rate for rent is also marked as N/A, which makes it difficult to assess whether the typical household can afford the current rental prices.
However, we can analyze the situation using the Fair Market Rent (FMR) figure provided for the metro area for fiscal year 2026, which is set at $2,190. This FMR represents the standard payment that housing vouchers would cover, indicating that any rent below this amount should be manageable for a household receiving a voucher.
With only 0.0% of the 15-person population being renters, the competition among landlords in this area is virtually non-existent. The low number of renters suggests that there is little demand for rental properties, which could mean that landlords might struggle to find tenants willing to pay market rates, especially if those rates exceed the FMR.
The affordability gap in 99547 is significant due to the lack of data on median income and market rent. For landlords considering their strategy, focusing on accepting housing vouchers could be a viable approach given the FMR benchmark. This strategy ensures a steady stream of income, albeit capped at $2,190, which is likely to match the affordability of the local population. However, landlords should also be prepared for the possibility of lower occupancy rates, as the overall demand for rentals appears to be minimal.
In conclusion, for landlords in ZIP 99547, adopting a voucher-friendly policy is advisable, as it aligns with the financial support available to potential tenants. Yet, they must be realistic about the limited rental market and prepare for a niche operation where competition is low but demand is equally so.
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.