Location: Bethel Census Area, AK | Metro: Bethel Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,810 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
U.S. Census Bureau data (2024)
The median income in ZIP code 99552 stands at $78,929, which provides insight into the financial capabilities of local households. The market rate rent for the area, according to Census ACS data, is $492 per month. This figure represents a significant portion of the average household's income, making housing relatively expensive compared to earnings. However, when considering the Fair Market Rent (FMR) set at $1,940 for metro FY 2026, it becomes evident that there is a substantial affordability gap.
This discrepancy means that many renters in ZIP 99552 cannot afford the market rate without assistance. Given that 29.5% of the 377 residents are renters, the competition for affordable housing is fierce. Landlords must strategically decide whether to cater to the needs of voucher holders or focus on attracting cash-paying tenants.
The takeaway for landlords is clear: accepting Section 8 vouchers can be a viable strategy to secure a steady stream of tenants in an area where the median income is significantly lower than the FMR. By aligning with the voucher program, landlords can tap into a reliable source of rental income while addressing the affordability challenges faced by local renters. However, they should also consider the administrative requirements and potential delays associated with voucher payments. In contrast, targeting cash-paying tenants might yield higher monthly rents but requires a competitive offering in terms of location, amenities, and pricing to attract those who can afford the $492 market rate.
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.