Location: Lake and Peninsula Borough, AK | Metro: Lake and Peninsula Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 99548 stands out due to its extremely low population count, with only 27 residents recorded. This makes it unique among other ZIP codes, as the rental rate of 33.3% and median income of $80,625 provide a clear snapshot of a small community's housing dynamics. However, the lack of data on median home values suggests that this area might have limited traditional homeownership options.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030. Despite the absence of specific market rent data for ZIP 99548, the FMR can still be used as a benchmark for rental rates. Landlords and small-portfolio investors should note that the FMR is designed to reflect the average rent for modest housing and could indicate the potential rental income from properties in this ZIP code.
The data signature for ZIP 99548 reads as transitional. With such a small number of residents, any changes in population size or economic conditions could significantly impact the local housing market. The reliance on Section 8 vouchers, given the high rental rate and the absence of median home value data, further suggests that the area is in a state of flux, possibly due to external factors influencing the housing landscape.
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.